1610 W New York Street
Indianapolis, IN 46222
- 3 beds
- 3 baths
- 1,449 sqft
- 4,400 sqft lot
- $172 per sqft
- 1955 build
Welcome to a rare find! It's not every day you come across a home that exceeds the 1 percent rule for investors. Nestled in the heart of a vibrant healthcare hub, this property boasts proximity to several major hospitals, making it an ideal investment opportunity. IU University Hospital and IU Methodist Hospital/Medical Center are a mere 1 mile away, while Eskanzi Hospital and the VA Hospital are just half a mile away. With such close proximity, this property presents a prime location for healthcare professionals and students alike, with the added benefit of attracting quality tenants. What sets this property apart is its income-generating carriage house in the back. Rent it out to travel nurses or utilize it as an Airbnb-the choice is yours. Either way, you're looking at instant cash flow. Combined with the front house, you can easily command $3,000+ a month in rental income. With a total of 3 bedrooms and 3 bathrooms spread across both the main house and carriage house, this property offers versatile living options for tenants. The main house features a fully renovated kitchen with brand new stainless steel appliances and sleek quartz countertops. Each bathroom in both the main and carriage houses has been meticulously updated for comfort and style. Moreover, all mechanicals have been updated, ensuring efficiency and reliability for years to come. This property also presents a fantastic opportunity for house-hacking, where you can live in the front house and rent out the back, potentially cutting your mortgage in half. Beyond its lucrative potential, this property is strategically located near downtown, the IUPUI campus, the zoo, and numerous amenities. Don't miss out on this investment opportunity in a rapidly evolving neighborhood. Take the plunge and secure your stake in this promising venture today.
Listing courtesy of MIBOR / Keller Williams Indpls Metro N
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Last updated May 13, 2024
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MLS# 21976663 —
Monthly cost estimate
Asking price
$249,999
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,338
|
Taxes | $16 |
Insurance | $68 |
Utilities | $128 See report |
Total | $1,550/mo.* |
*This is an estimate |
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/13/24
May 13, 2024
|
Pending | MIBOR | $249,999 | |
5/10/24
May 10, 2024
|
Price Changed | MIBOR | $249,999 | -3.8% |
5/1/24
May 1, 2024
|
Listed / Active | MIBOR | $259,999 |