2502 Columbia Avenue Indianapolis, IN 46205

Multi-Family (2-4 Units) MLS #: 21972109 Courtesy Of Keller Williams Indianapolis Metro North

$155,000

0.13 acres
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Estimated monthly payments: $678/mo.* (recalculate)

Property InformationDescription

Welcome to your premier turnkey investment opportunity nestled in the vibrant Martindale-Brightwood neighborhood of Indianapolis! This ranch-style duplex is a gem awaiting your savvy touch. Strategically positioned adjacent to the ever-popular Monon Trail, convenience and growth are at your doorstep. This central location boasts a flurry of development activity, ensuring sustained value appreciation. Just a brief 10-minute drive from downtown, accessibility is unmatched. The allure of the Monon Trail and the adjacent Monon 30 development adds a unique charm, promising an active and dynamic lifestyle for tenants. Each unit mirrors the other, boasting 2 bedrooms and 1 bathroom each, spanning a cozy 574 square feet, these units are designed for optimal functionality and comfort. One unit stands vacant, recently turned over and prepped for immediate occupancy, while the other is currently leased at $1000 per month under Section 8, on a month-to-month basis. Utilities are separately metered. Professionally managed by PMI Midwest, peace of mind comes standard with this investment. With a potential gross income of $2000, this property significantly surpasses the coveted 1% rule, ensuring robust returns on your investment. For the astute house hacker, the vacant unit presents an enticing opportunity to offset a substantial portion of the mortgage with rental income from the occupied side, maximizing your investment potential. Seize this opportunity to capitalize on the thriving Indianapolis real estate market and schedule your viewing today!
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Features

  • Age: Over 50 Years Old
  • Amenities: Basement
  • Architecture Style: Bungalow
  • Exterior Type: Vinyl Siding
  • Heating System: Forced Air
  • Lot Size: 0.13 Acres
  • Roof Type: Asphalt
  • Rooms: Basement

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2502 Columbia Avenue, Indianapolis, IN 46205
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School Information

2502 Columbia Avenue, Indianapolis, IN 46205

Elementary School
Grades PK-8 | Public School
CENTER FOR INQUIRY SCHOOL 27
Indianapolis, IN 46202
545 E 19th St
317.­226.4227
Distance: 1.0 mi
School Rating
D+
Student:Teacher Ratio
13:1
Total Students
493
Elementary School
Grades PK-8 | Public School
FRANCIS PARKER MONTESSORI SCHOOL 56
Indianapolis, IN 46205
2353 Columbia Ave
317.­226.4256
Distance: 0.2 mi
School Rating
D+
Student:Teacher Ratio
8:1
Total Students
346
Elementary School
Grades PK-8 | Public School
IPS BUTLER UNIVERSITY LABORATORY SCHOOL 55
Indianapolis, IN 46220
1349 E 54th St
317.­226.4255
Distance: 3.3 mi
School Rating
D+
Student:Teacher Ratio
12:1
Total Students
418
Elementary School
Grades KG-6 | Public School
JOYCE KILMER ELEMENTARY SCHOOL 69
Indianapolis, IN 46218
3421 N Keystone Ave
317.­226.4269
Distance: 1.4 mi
Middle School
Grades 7-8 | Public School
ARLINGTON MIDDLE SCHOOL
Indianapolis, IN 46204
120 E Walnut St
317.­822.7980
Distance: 4.8 mi
School Rating
C
Student:Teacher Ratio
8:1
Total Students
435
High School
Grades 9-12 | Public School
SHORTRIDGE HIGH SCHOOL
Indianapolis, IN 46208
3401 N Meridian St
317.­226.2810
Distance: 1.4 mi
School Rating
D
Student:Teacher Ratio
9:1
Total Students
1077
High School
Grades 9-12 | Public School
GEORGE WASHINGTON HIGH SCHOOL
Indianapolis, IN 46222
2215 W Washington St
317.­693.5555
Distance: 4.2 mi
School Rating
D
Student:Teacher Ratio
9:1
Total Students
798
High School
Grades 9-12 | Public School
CRISPUS ATTUCKS HIGH SCHOOL
Indianapolis, IN 46202
1140 Dr Martin Luther King Jr St
317.­226.2800
Distance: 2.2 mi
School Rating
D+
Student:Teacher Ratio
10:1
Total Students
1157
High School
Grades 9-12 | Public School
ARSENAL TECHNICAL HIGH SCHOOL
Indianapolis, IN 46201
1500 E Michigan St
317.­693.5300
Distance: 1.9 mi
School Rating
D+
Student:Teacher Ratio
10:1
Total Students
2103
High School
Grades 9-12 | Public School
PURDUE POLYTECHNIC HIGH SCHOOL
Indianapolis, IN 46225
525 S Meridian St Ste Lla
317.­832.1200
Distance: 3.2 mi
School Rating
D-
Student:Teacher Ratio
22:1
Total Students
543
High School
Grades 9-12 | Public School
HERRON HIGH SCHOOL
Indianapolis, IN 46202
110 E 16th St
317.­231.0010
Distance: 1.4 mi
School Rating
A-
Student:Teacher Ratio
15:1
Total Students
951
Other Nearby Schools Distance Type Grades School Rating
Kipp Indy Legacy High School 0.5 mi Public 9-10 A-
The Oaks Academy 0.6 mi Private PK-5
Kipp Indy Unite Elementary School 0.7 mi Public KG-5 D+
Kipp Indy College Preparatory Middle School 0.7 mi Public 6-8 D
The Oaks Academy 1.1 mi Private PK-8
St Richard's Episcopal School 1.2 mi Private PK-8
Louis B Russell Jr School 48 1.3 mi Public KG-6 C
Believe Circle City High School 1.3 mi Public 9-10 A
Ips Butler University Laboratory School 60 1.3 mi Public PK-8 C-
Kindezi Academy 1.4 mi Public KG-6 F
Legacy Learning Center 1.4 mi Private PK-12
Capitol City Seventh-day Adventist School 1.4 mi Private PK-8
The Oaks Academy - Brookside 1.5 mi Private PK-5
Theodore Potter Magnet Elementary School 74 1.6 mi Public KG-6 C-
H. L. Harshman Magnet Middle School 1.6 mi Public 7-8 D-
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Indianapolis, IN 46205

Median Age: 33.9
Married: 28%
Number of Households: 12,810
Households with Children: 23.2%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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