$119,999

223 W 31st Street, Indianapolis, IN 46208

3 beds |
3 baths |
1,816 sqft

Single-Family Home
Built in 1920
3,049sqft lot
2 car garage
$66/sqft
Listed 1 month ago

Property Description

Charming and well-maintained property located in the heart of Indianapolis! This home is currently tenant-occupied, generating $1,000/month in rent - with plenty of upside potential as current rents are below market value for the area. Whether you're an investor seeking steady cash flow or a homeowner looking for your next project, this property offers exceptional flexibility and opportunity. Inside, you'll find a comfortable layout with inviting living spaces, ample natural light, and classic character throughout. The home has a two car garage and off-street parking, and easy access to nearby amenities. Located just minutes from Downtown Indianapolis, Ivy Tech, the Children's Museum, and major highways, this property is in a rapidly developing area with strong rental demand and rising property values. Highlights: Current rent: $1,000/month (well below market) Tenant in place - start earning income immediately Great starter home, rental, or flip opportunity Convenient central location near downtown, schools, and parks Showings require 24-48 hour advance notice Don't miss this chance to add a solid performer to your portfolio or transform it into your next beautiful home. Schedule your showing today and see the potential at 233 W 31st St!

Listing Status:: Active
Listing Office:: Ask Pat About Real Estate : 317-370-9494
Listing Agent:: Patrick McNeill : 317-370-9494
MLS ID:: 22066702

General: Attic Access
Appliances: Water HeaterRefrigeratorWasherDryer
Basement: Partially Finished
A/C: Central Air
Heating: Forced AirPropaneNatural Gas
Fireplace: Living RoomFireplaces: 1

Style: Traditional
Parking: DetachedGarage Door Opener

General: TwoBlock

Originating MLS: mibor
School District: Indianapolis Public Schools
County: Marion

Zoning: Topps Garden Place 30Ft E Of 72Ft W Endl82 L83490623143024000101

Water: Public

Source: mibor

This listing courtesy of Patrick McNeill, Ask Pat About Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

IPS Butler University Laboratory School 60

3330 N Pennsylvania St, Indianapolis, IN, 46205

Grades PK-8

0.55 miles away

IPS Butler University Laboratory School 60

3330 N Pennsylvania St, Indianapolis, IN, 46205

Grades PK-8

0.55 miles away

Shortridge High School

3401 N Meridian St, Indianapolis, IN, 46208

Grades 9-12

0.61 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.