Veterans United Realty
27 Photos

1717 Thaddeus Street, Indianapolis, IN 46203

$165,999 Asking Price

3 beds
1 bath
1,625  sqft
Built in 1955

This updated 3 bed/1 bathroom rental has strong cash flow of $15,720/year, a 7.1% cap rate after expenses and tenants who respect the home. The main living areas of the house have beautifully restored hardwood flooring adding charm and warmth, and the bedrooms and bathroom have newer luxury vinyl planking. The house features white vinyl windows, newer vinyl siding, and a fully remodeled bathroom, along with a large, open kitchen with newer appliances. The finished attic space/3rd bedroom is not included in the overall assessor's square footage but adds approximately 200 finished SF on the upper level. The unfinished basement offers dry storage space and easy access to the well-maintained mechanicals, including a brand new water heater. This is located on a quiet street in an appreciating area with lots of renovations happening on the southeast side of Indianapolis near Fountain Square, Garfield Park, and just minutes from Downtown! The enclosed front porch, fully fenced backyard, central air, spacious bedrooms, huge laundry room and interior updates will help retain quality tenants and make this rental a valuable addition to your portfolio. Buy both 1719 and 1717 Thaddeus as a package for $316,000 for a cap rate of 7.5% (after expenses) with combined annual cash flow of $30,120! No assignment of contracts.


Listing Status:
Active
Date Added:
October 1, 2024 — 3 days ago
Listing Office:
Highgarden Real Estate, Elizabeth Ewbank (317-258-7019)
Office Phone:
lewbank@highgarden.com
MLS ID:
21999345

Features & Amenities

Interior

General:
Eat-in Kitchen
Appliances:
Electric Oven, Refrigerator
A/C:
Central Electric
Heating:
Forced Air, Gas
Fireplace:
Fireplaces: 0

Exterior

Style:
TraditonalAmerican

Construction

General:
Two, Block

Location

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

Lot

Zoning:
Hunts Se Add L20, 491018119035000101

Utilities

Water:
Municipal/City

Financial

Source:
mibor

This listing courtesy of:
Highgarden Real Estate, Elizabeth Ewbank

About Indianapolis, IN

Housing

Number of Units
439,918
Median Home Value
$169,609
Median Rent
$790

47.41% of housing units are renter occupied.

8.91% are vacant.

Commute

Car
76.18%
Public Transportation
1.34%
Walk to Work
1.81%
Work from Home
19.69%
Other
0.60%

The median travel time to work is 21 minutes.

People

Population
976,092
Median Age
35.40
Median Household Size
2.45

Education

High School
27.86%
Associate’s Degree
8.16%
Bachelor’s Degree
21.08%
Graduate Degree
11.46%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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