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About This Home
This 3-bedroom, 2-bathroom single family at 7422 E 30th Street in Indianapolis, IN is listed for $195,000 ($135 per sqft). Built in 1955, the home offers 1,440 sqft of living space on a 0.34 acres lot.
Investor Opportunity! Excellent income-producing 3-bedroom, 1.5-bath ranch located on the east side of Indianapolis. Property is currently tenant-occupied at $1,400/month on a month-to-month lease, offering immediate income with the flexibility to adjust rent or lease terms after closing.
This well-maintained home features a functional floor plan, spacious bedrooms, and a large backyard, and a partially converted garage providing additional living or flex space while retaining garage access. New HVAC installed in 2023. Conveniently located near major roads, shopping, dining, and just minutes from downtown Indianapolis.
Perfect for investors seeking a stable property with built-in cash flow and value-add potential. Comparable area rents suggest room for future rent increases, and tenant occupancy provides reduced vacancy risk from day one.
Key Features
- Built in 1955
- 0.34 acre lot
Property Details
Monthly Cost Estimate
$1,043/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7422 E 30th Street
Indianapolis, IN 46219
Shadeland Village
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom single family at 7422 E 30th Street is listed at $195,000 ($135/sqft). The estimated monthly payment is $845 based on 20% down at 6.5% interest.
Key features include: Built in 1955, 0.34 acre lot. Interior Features: Eat-in Kitchen. Exterior Features: Fencing, Storage Shed.
This property is listed by Michelle Romano-Moss and can be reached at 3178466300 or mromano103@hotmail.com.
