Key facts
- Beds
- 2
- Baths
- 1 full
- Living area
- 828 sqft
- Lot
- 0.18 acres
- Year built
- 1973
- Type
- Residential · Condominium
- Stories
- One
- MLS #
- 22115820
- County
- Marion
- Subdivision
- Fall Creek Village
About this home
Excellent investment or owner-occupant opportunity in Fall Creek Village Condominiums! This main-level 2-bedroom, 1-bathroom condo offers comfortable living with the convenience of low-maintenance ownership, as exterior maintenance is handled by the homeowners association. The unit features a spacious rear deck, perfect for relaxing or entertaining, along with access to a shared parking lot for convenient off-street parking. The condo is currently leased to a long-term tenant who has been in place since 2016, providing immediate rental income. Current rent is below market value, presenting an excellent opportunity to increase rents to market levels and create additional value. With its strong rental upside, desirable location, and low-maintenance ownership, this property offers excellent value-add potential for investors.
Description provided by the listing brokerage.
Interior
- Flooring
- Rooms
- 5
- Main-level bedrooms
- 2
Exterior
- Patio and porch
- Construction
- Foundation
- Style
- Parking and garage
Systems
- Heating
- Cooling
- Water
Lot and HOA
- HOA fee
- $243 / monthly
Schools
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $1,644 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
Estimates only. This calculator does not give 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.
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