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Cynthia J. Vivona

cynthia@cuerealtors.com +1(317) 366-8559

Listed by Shady Hanna • eXp Realty, LLC

$ 255,000

Est. payment -/mo

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Active

Address not disclosed Indianapolis, IN 46226

3 Beds

2 Baths

1,728 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,728 sqft

Price per Sqft $147

Subdivision No Subdivision

MLS Listing ID 22031726

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1948

Tax Year 2024

Lot Size 0.790 Acres

Acres 0.79

Property Sub-Type Single Family Residence

Property Description

Investor opportunity with solid returns and future growth potential. This income-producing property at 8560 E 38th Street is being sold together with the adjacent parcel at 8554 E 38th Street. The home is currently rented for $1,900 per month, providing immediate and consistent cash flow. A great option for investors seeking a turnkey rental with a stable tenant already in place. The second parcel, 8554 E 38th Street, is a separate lot with its own street access and address, making it an ideal buildable site. This gives the new owner flexibility to develop another home, expand rental holdings, or hold the land for future appreciation. Opportunities to purchase an existing rented property alongside a buildable lot are limited, making this package a valuable long-term investment. The existing home offers comfortable living space, a functional layout, and a well-maintained interior, ensuring continued tenant satisfaction and low vacancy potential. Located near shopping, schools, and major roads, the property benefits from strong rental demand and convenient access to local amenities. This package provides both short-term income and long-term upside-perfect for investors looking to expand their portfolio with minimal effort. Acquire a tenant-occupied property that pays from day one and gain a second parcel ready for future development or resale. All information deemed reliable but not guaranteed. Buyers to verify lot dimensions, zoning, lease details, and development potential.

Location

State IN

County Marion

Rooms

Main Level Bedrooms 3

Interior

Interior Features Attic Access, Bath Sinks Double Main, Breakfast Bar, Kitchen Island, Eat-in Kitchen, Wired for Data, Smart Thermostat, Supplemental Storage, Walk-In Closet(s)

Heating Natural Gas

Cooling Central Air

Fireplaces Number 1

Fireplaces Type Family Room

Fireplace Y

Appliance Electric Cooktop, Dishwasher, Dryer, Electric Water Heater, Disposal, Exhaust Fan, Microwave, Oven, Range Hood, Refrigerator, Free-Standing Freezer, Washer, Water Purifier, Water Softener Owned

Exterior

Garage Spaces 1.0

Building

Story One

Foundation Block

Water Private

Architectural Style Ranch

Structure Type Brick,Block,Vinyl With Brick

New Construction false

Schools

School District Indianapolis Public Schools

Cynthia J. Vivona

Broker/Owner | License ID: RC51500248

+1(317) 366-8559

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Cynthia J. Vivona

Address not disclosed Indianapolis, IN 46226

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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