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About This Home

This 0-bedroom, 0-bathroom multi-family at 1305 Ringgold Avenue in Indianapolis, IN is listed for $850,000. Built in 1920, on a 0.10 acres lot.

Agent Description

Welcome to a rare investment and lifestyle opportunity to own a beautifully renovated duplex in the heart of the desirable Fountain Square neighborhood. Perfectly positioned on a quiet and residential street just two blocks from Fountain Square's vibrant center and iconic fountain, you'll enjoy easy access to popular restaurants, cafes, and local shopping.

Completely transformed through an extensive gut renovation, this property was rebuilt with quality, comfort, and modern living in mind. Each side of the duplex is a 2-story townhouse with 3 bedrooms and 3.5 bathrooms and provides ideal separation between living and sleeping areas as well as an abundance of bathrooms for convenience for residents and guests alike.

Additional highlights include 4 dedicated parking spaces created at the rear of the property. Currently operating as high-performing mid-term furnished rentals and corporate housing (1 to 6 month stays) with exceptional revenue, this property presents a turnkey investment opportunity with strong income potential.

Higher income potential if operated as short-term rentals. Preference is to sell this duplex as a package with other properties also operating as mid-term furnished rentals (15 units in total) with the others being: 5724 Julian Ave (six 1br/1ba units), 717 S Randolph (duplex with 2br/2ba townhouses), 1525 Kennington (duplex with 3br/2ba townhouses) and 1529 Kennington (2br/1ba SFH) - a total of 15 units producing high revenues.

Key Features

  • Built in 1920
  • 0.10 acre lot

Property Details

1920

Monthly Cost Estimate

$4,546/mo

20% down · 6.5% · 30 years

Principal$615
Interest$3,683
Insurance$248

Estimates only. Actual payments may vary.

Location

1305 Ringgold Avenue

Indianapolis, IN 46203

Fountain Square

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 1305 Ringgold Avenue is listed at $850,000. The estimated monthly payment is $3,683 based on 20% down at 6.5% interest.

Key features include: Built in 1920, 0.10 acre lot.

This property is listed by Lisa Phillips and can be reached at 3172199277 or lisa.phillips@compass.com.

LP

Lisa Phillips

Agent at Compass Indiana, LLC

(317) 219-9277

Listed by Compass Indiana, LLC · View on Broker Site

MLS# 22077875· Source: listhub· Updated 106 days ago

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1305 Ringgold Avenue, Indianapolis, IN 46203

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