1661 N Pasadena Street, Indianapolis, IN 46219

• 2 beds |
• 1 bath |
• 918 sqft

Property Description

Turnkey Cash-Flow Rental - Exceeds 1% Rule Asking Price: $145,000 Current Rent: $1,500/month + $200/month pet fee Total Monthly Income: $1,700/month Property Details 2 Bedrooms 1 Bathroom 1,470 total sq ft 735 sq ft main level 735 sq ft basement Built in 1956 Investment Highlights Exceeds the 1% rule Strong in-place cash flow Tenant in place Turnkey opportunity Recent Updates New flooring throughout Updated kitchen and appliances prior to current tenant placement New gas lines New plumbing Updated bathroom fixtures New water heater Roof approximately 10 years old Why This Deal Works Immediate cash flow with additional pet fee income Solid rent-to-price ratio Larger total square footage with basement space Minimal deferred maintenance based on recent updates.

Listing Status:

Active

Data Last Updated:

April 1, 2026 at 10:20PM

Listing Office:

AMR Real Estate LLC : 317-654-2494

Listing Agent:

Samra Efendic : 317-654-2494

MLS ID:

22090608

Interior

• General: Hardwood FloorsEat-in Kitchen
• Appliances: Gas OvenRefrigerator
• Basement: Partially FinishedFull
• A/C: Wall Unit(s)
• Heating: Forced AirNatural Gas

Exterior

• Style: Bungalow

Construction

• General: OneConcrete Perimeter

Location

• Originating MLS: mibor
• School District: MSD Warren Township
• County: Marion

Lot

• Zoning: Beth Add L156490735100124000701
• View: NeighborhoodView

Utilities

• Water: PrivatePublic

Financial

• Source: mibor