NOT LISTED FOR SALE

Estimated Value: $266,559 - $438,000

3 Beds
3 Baths
1,310 Sq Ft
$247/Sq Ft Est. Value

Last Sold September 26, 2024

Last sale price $450,000 $344 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $2,195/month

162 Days on Market

About This Home

As of September 2024

Welcome to this incredible investment opportunity! Situated in a prime location, this fully renovated duplex could be a money maker for savvy investors looking to maximize their returns. Just minutes from downtown restaurants and entertainment. This duplex is offering convenience and accessibility to amenities, schools, and transportation options, enhancing its attractiveness to potential tenants. This three-story duplex has modern amenities and spacious layouts, with each side featuring 3 bedrooms and 2.5 bathrooms. Both sides of the duplex come with signed leases, providing stability and consistent cash flow for the investor. The 2417 side is leased until March 2025, while the 2419 side is leased until February 2026, ensuring immediate returns on investment. Owner Occupied Buyers will need to negotiate the release of Tenant Leases. With a total monthly rent income of $3,350, this property offers a substantial revenue stream. Tenants are responsible for all utilities and trash pick-up expenses further maximizing the potential ROI. Recently renovated from the basement up, this duplex exudes modern charm and functionality. With new finishes and new systems throughout. Costly repairs shouldn't be needed if well maintained. This is welcomed by the investor and the Tenant The property comes fully equipped with all new appliances, including two oven/range units, two dishwashers, and two refrigerators. Additionally, each unit features its own washer/dryer, conveniently located in the primary suite on the third floor. In summary, this cash-flowing duplex presents a compelling investment opportunity with its prime location, stable rental income, and renovations. Don't miss out on the chance. Owner Occupied Buyers are welcome. Tenant would need to be vacated per negotiated terms.

Last Agent to Sell the Property

Rod Forrest

eXp Realty, LLC Brokerage Email: rod.r.forrest@gmail.com License #RB14047454 Listed on: 03/11/2024

eXp Realty, LLC

Last Buyer's Agent

Anthony Jackson-Moses

Keller Williams Indy Metro NE

Keller Williams Indy Metro NE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,208

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 5,053 Sq Ft Lot

Parking

  • Alley Access

Home Design

  • Duplex
  • Traditional Architecture
  • Cement Siding

Interior Spaces

  • 3-Story Property
  • Unfinished Basement
  • Basement Lookout

Listing and Financial Details

  • Tenant pays for security, all utilities, insurance, trash collection
  • The owner pays for insurance, lawncare, taxes
  • Legal Lot and Block 49-10-05-228-004.000-101 / Section 2
  • Assessor Parcel Number 491005228004000101
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,208

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1965
  • Lot Size Acres: 0.12
  • Road Frontage Type: City Street
  • Structure Type: Duplex, Townhouse
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: Yes
  • MBR_AttributionContact: rod.r.forrest@gmail.com
  • Multi Rooms: 6
  • Attribution Contact: rod.r.forrest@gmail.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Daylight/Lookout Windows, Unfinished
  • Levels: Three Or More
  • Owner Pays: Insurance, Lawncare, Taxes
  • ResoLivingAreaSource: Plans

Exterior Features

  • Roof: Asphalt
  • Construction Materials: Cement Siding
  • Direction Faces: North
  • Disclosures: Common Wall Agreement
  • Exterior Features: Not Applicable
  • Property Condition: Updated/Remodeled
  • Waterfront: No
  • Road Access: Not Applic

Garage/Parking

  • Parking Features: Alley Access
  • Unit Parking: On Street,Parking Lot,Unpaved

Utilities

  • Solid Waste: No

Lot Info

  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Size Sq Ft: 5053
  • Parcel Number: 491005228004000101
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Security, All Utilities, Insurance, Trash Collection

Multi Family

  • Net Operating Income: 31108
  • Insurance Expense: 2064

Tax Info

  • Tax Annual Amount: 3208
  • Tax Block: Section 2
  • Tax Lot: 49-10-05-228-004.000-101
  • Semi Annual Property Tax Amt: 1604
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2022
Sold by
Silksworth Holding Llc
Bought by
Monumental Llc
Current Estimated Value
$323,140

Purchase Details

Closed on
Apr 1, 2022
Sold by
Silksworth Holding Llc
Bought by
Monumental Llc

Purchase Details

Closed on
Apr 29, 2014
Sold by
Fannie Mae
Bought by
Baseplate Llc

Purchase Details

Closed on
Jun 12, 2013
Bought by
Gibson Yvette

Purchase Details

Closed on
Jan 17, 2008
Sold by
Gibson Yvette
Bought by
Triple Play Investment Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,700
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2006
Sold by
Lasalle Bank National Association
Bought by
Burton James G
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Monumental Llc -- None Listed On Document
Monumental Llc $75,000 None Listed On Document
Silksworth Holding Llc $75,000 New Title Company Name
Baseplate Llc $34,000 Mad Anthony Title Company Ll
Baseplate Llc -- None Available
Gibson Yvette -- --
Gibson Yvette -- --
Triple Play Investment Solutions Llc -- Carpenter Title Agency Inc
Gibson Yvette -- Carpenter Title Agency Inc
Burton James G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gibson Yvette $83,700
Closed Burton James G $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2024 09/26/24 Sold $450,000 0.0% $344 / Sq Ft
08/23/2024 08/23/24 Pending -- -- --
08/22/2024 08/22/24 Price Changed $450,000 -5.3% $344 / Sq Ft
05/13/2024 05/13/24 Price Changed $475,000 -5.0% $363 / Sq Ft
03/13/2024 03/13/24 For Sale $500,000 0.0% $382 / Sq Ft
01/16/2024 01/16/24 Rented $1,700 +9.7% --
12/22/2023 12/22/23 For Rent $1,550 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,042 $183,600 $11,300 $172,300
2023 $6,042 $248,900 $22,700 $226,200
2022 $3,897 $240,100 $22,700 $217,400
2021 $3,343 $139,100 $22,700 $116,400
2020 $2,096 $90,500 $2,100 $88,400
2019 $1,981 $83,900 $2,100 $81,800
2018 $1,687 $65,500 $2,100 $63,400
2017 $1,485 $64,100 $2,100 $62,000
2016 $993 $49,300 $2,100 $47,200
2014 $616 $28,500 $2,100 $26,400
2013 $709 $28,500 $2,100 $26,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21967799

MIBOR Broker Listing Cooperative®

APN: 49-10-05-228-004.000-101