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About This Home

This 0-bedroom, 0-bathroom multi-family at 1525 Kennington Street in Indianapolis, IN is listed for $475,000. Built in 1910, on a 0.09 acres lot.

Agent Description

Great investment opportunity to own a renovated duplex in the Bates Hendricks neighborhood. Located on a quiet residential street, it is only a mile from the center of Fountain Square's vibrant area with popular restaurants, cafes, and local shopping as well as only 1.5 mile from downtown Indianapolis.

Completely renovated a few years back, each side of the duplex is a 2-story townhouse with 3 bedrooms and 2 full bathrooms and provides ideal separation between living and sleeping areas. Currently operating as high-performing mid-term furnished rentals and corporate housing (1 to 6 month stays) with high ROI, 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), 1305 Ringgold (duplex with 3br/3.5ba townhouses), 717 Randolph (duplex with 2br/2ba townhouses) and 1529 Kennington (2br/1ba SFH) - a total of 15 units producing high revenues. The SFH at 1529 Kennington is the neighboring home.

Key Features

  • Built in 1910
  • 0.09 acre lot

Property Details

1910

Amenities

Basement

Monthly Cost Estimate

$2,540/mo

20% down · 6.5% · 30 years

Principal$344
Interest$2,058
Insurance$139

Estimates only. Actual payments may vary.

Location

1525 Kennington Street

Indianapolis, IN 46225

Woodruff Sub Morris Add

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 1525 Kennington Street is listed at $475,000. The estimated monthly payment is $2,058 based on 20% down at 6.5% interest.

Key features include: Built in 1910, 0.09 acre lot.

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

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LP

Lisa Phillips

Agent at Compass Indiana, LLC

(317) 219-9277

Listed by Compass Indiana, LLC · View on Broker Site

MLS# 22077872· Source: listhub· Updated 106 days ago

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1525 Kennington Street, Indianapolis, IN 46225

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