This investment property, featuring two addresses and three separate, fully remodeled units, offers a fantastic opportunity for both short-term and long-term rental income. Located at 106 and 108, each unit comes fully furnished and shares a large common laundry space, making it ideal for traveling professionals or event-goers. The first address, 106, includes a spacious main floor unit with a large foyer, bedroom, living room, and kitchen. Additionally, it offers an efficiency unit that features a main floor foyer and a charming reading nook or extra storage space. The second address, 108, is a second-floor studio space boasting a generous living, bedroom, and kitchen area. The property also includes an oversized one car garage and paved parking. Currently, all three units are exclusively utilized as Furnished Finder or Airbnb rentals, achieving an impressive occupancy rate of over 90% (July 2023 - June 2024), with several bookings projected into next year. Most tenants are traveling professionals who rent on a monthly basis, though the property has also attracted visitors attending major events in Indianapolis, such as the Indy 500. With a successful rental model already in place, this property holds great potential for continued short-term rentals or could be easily transitioned to long-term tenants. Operating Expenses and Net Income listed below are average monthly. Don't miss out on this instant income producing property!
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Greenfield is located in Indiana. Greenfield, Indiana has a population of 23,024. Greenfield is less family-centric than the surrounding county with 33.43% of the households containing married families with children. The county average for households married with children is 35.96%.
The median household income in Greenfield, Indiana is $63,952. The median household income for the surrounding county is $79,126 compared to the national median of $69,021. The median age of people living in Greenfield is 38.1 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 18.6 degrees. The average rainfall is approximately 44.6 inches per year, with 18.9 inches of snow per year.
