Key facts
- Beds
- 2
- Baths
- 1 full
- Living area
- 1,020 sqft
- Lot
- 0.19 acres
- Year built
- 1940
- Type
- Residential · Single Family Residence
- Stories
- One
- MLS #
- 22123393
- County
- Marion
- Subdivision
- Sunset Park
About this home
Looking for a turnkey investment opportunity? This unique property offers two fully renovated homes on one lot, providing immediate rental income and excellent flexibility. The 1,020 sq. ft. main home features 2 bedrooms and 1 full bath and is currently leased for $1,590 per month. A separate 750 sq. ft. garage apartment offers an additional 1 bedroom and 1 full bath and is currently leased for $1,100 per month. The main home has been extensively renovated with major updates including a newer roof, flooring, plumbing, electrical, windows, HVAC system, and a beautifully updated kitchen with new appliances. Spacious bedrooms and comfortable living areas make this a desirable and functional home for tenants. The detached garage apartment has also been fully renovated and features its own updated kitchen, appliances, and private bath. With separate living spaces and strong rental income, this property presents an excellent opportunity for investors seeking a low-maintenance addition to their portfolio. Both residences share a driveway and offer ample yard space. Current combined rental income is $2,690 per month. Tenant rights apply.
Description provided by the listing brokerage.
Interior
- Appliances
- Interior features
- Security
- Rooms
- 4
- Main-level bedrooms
- 2
Exterior
- Patio and porch
- Construction
- Foundation
- Style
- Parking and garage
Systems
- Heating
- Cooling
- Water
Lot and HOA
- Lot features
Schools
- Elementary school
- Maplewood Elementary School
- High school
- Ben Davis High School
- School district
- MSD Wayne Township
Taxes
- Estimated annual tax
- $2,810 / 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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