What to know about this one.
Turnkey investment opportunity on Indianapolis' near east side, offered at $114,999. This 2-bedroom, 1-bathroom single-family home sits on a slab with an attached one-car garage and is currently occupied by a tenant on a one-year lease with approximately four months remaining. At roughly 570 square feet, the efficient floor plan keeps operating costs low and turnover minimal. Recent system ages include a furnace and air conditioner at approximately four years, water heater at three years, flooring at four years, and roof at eight to ten years, with no reported plumbing or electrical issues. The tenant pays all utilities. Located on a quiet residential stretch of North Leland Avenue in an established neighborhood of well-built single-family and multi-family homes, with convenient access to downtown Indianapolis. An ideal entry-level rental or an easy addition to an existing portfolio. One of thirteen buildings in a 17-unit Indianapolis rental portfolio available individually or as a package. Current rent roll available upon request. Property sold as-is.
Amenities
Property details
- Property type
- Single Family Residence
- Year built
- 1959
- Lot size
- 0.12 ac
- Garage
- 1 space
- Stories
- One
- County
- Marion
- MLS #
- MBR22109849
Features
- Appliances
- Electric Cooktop
- Dryer
- Refrigerator
- Washer
- Electric Water Heater
- Interior
- Eat-in Kitchen
- Heating
- Baseboard
- Electric
Estimate your monthly payment
- P&I $579
- Property tax $108
- Insurance $40
Estimates only, not a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
Talk to a lender we trust2202 N Leland Avenue
Indianapolis, IN 46218