507 N Gladstone Avenue
Indianapolis, IN 46201
- – beds
- – baths
- – sqft
- 3,790 sqft lot
- 1925 build
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INVESTOR ALERT! Welcome to your next turnkey investment opportunity in Indianapolis - a lovely remodeled ranch duplex in the popular Tuxedo Park neighborhood! Located in the heart of Indy's near Eastside, this duplex is strategically situated for convenience and growth. It's an excellent location with tons of development happening in the area and less than a 10-minute drive into downtown. Completely renovated in the last ~4 years, this property boasts a newer roof, siding, windows, furnace, water heater, electrical, plumbing, carpet, paint, and more. Brand new furnace on the 509 side! Both units are identical, each featuring 1 bedroom/1 bathroom, 700sq ft, with an unfinished basement. Both are currently occupied, ensuring immediate income for the savvy investor. Rents are $650 per side. Unit 507's lease is month to month, and 509's is up in Oct 2024. Tenants pay for electricity, and the owner pays for water/sewer. Surrounded by parks, schools, shopping, dining, transportation, and more, this property offers a desirable lifestyle for tenants, ensuring strong demand and occupancy rates. Don't miss out on this prime opportunity to secure steady returns in a flourishing area!
Last checked:
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Checking…
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Last updated Oct 2, 2024
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MLS# 21972584 —
The Building
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Year Built:1925
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New Construction:false
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Construction Materials:Vinyl Siding
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Architectural Style:Ranch
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Levels:One
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Roof:Asphalt
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Basement:true
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Basement:Unfinished
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Foundation Details:Block
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Exterior Features:Not Applicable
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Green Certification:No
Interior
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Laundry Features:Connections All, In Basement
Financial & Terms
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Buyer Financing:Conventional
Location
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Directions:GPS Friendly
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Latitude:39.775038
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Longitude:-86.096094
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Property Attached:true
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Parcel Number:491004119417000101
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Acres:<1/4 Acre
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Lot Features:Sidewalks
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Lot Size Acres:0.09
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Lot Size SqFt:3,790 Sqft
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Price Per Acre:1444444
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Zoning:MU1
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Additional Parcels:false
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Structure Type:Duplex
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View:false
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Waterfront:false
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Fence:No
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Current Use:Apt<20
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Road Access:Frontage Road
Listing Agent
- Contact info:
- Agent phone:
- (317) 450-9202
- Office phone:
- (317) 846-6300
Taxes
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Tax Lot:14
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Tax Year:2023
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Semi Annual Property Tax Amt:1659
The Listing
Heating & Cooling
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Heating:Forced Air
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Cooling:None
Utilities
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Solid Waste:Yes
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Tuxedo Park
Parking
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Parking:On Street
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Parking Features:Street Only
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/26/24
Sep 26, 2024
|
Sold | MIBOR | $130,000 | -7.1% |
|
8/28/24
Aug 28, 2024
|
Pending | MIBOR | $140,000 | |
|
8/22/24
Aug 22, 2024
|
Price Changed | MIBOR | $140,000 | -3.4% |
