3036 E New York Street, Indianapolis, IN 46201

$284,900 Asking Price

5 beds
3 baths
2,474  sqft
Built in 1930

Welcome to 3036 East New York Street, an exceptional property in the heart of Indianapolis. Amazing opportunity to live in one unit and generate income with the other unit via airbnb, traveling nurses or long term tenants. Incredibly unique find in downtown. Significant updates include, installed roof solar panels, new/updated mechanicals as well as many cosmetic and structural improvements. Currently configured as a single family with an apartment/ in law quarters upstairs, this property offers two spacious units, each with its own private entrance, kitchens, baths and living areas. With a little creativity, the layout can be easily adapted to create a third unit, enhancing its rental income greatly. Perfect for a savvy owner to live in the main unit rent out the other unit to pay most of the mortgage on the property! Backyard is fenced in with areas currently used for chickens, ducks, garden etc. but can be easily converted back to a traditional yard space. Nestled in a desirable investment area in Indianapolis this property will continue to appreciate in value as more and more development continues. Conveniently located near Indys hottest neighborhoods - Mass Ave, Fountain Square, Woodruff, Irvington etc. Bike path on New York to downtown soon to be completed.

Features & Amenities

Interior

General:
Cathedral Ceiling(s), Hardwood Floors, Hi-Speed Internet Availbl, In-Law Arrangement, Network Ready
Appliances:
Dishwasher, Dryer, Oven, Refrigerator
A/C:
Central Electric
Heating:
Electric
Fireplace:
Den/Library Fireplace, Fireplaces: 1

Exterior

Style:
Craftsman, TraditonalAmerican
Parking:
None, Detached

Construction

General:
Two, Block

Location

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

Lot

Zoning:
Fletchers Sub Of The Blake Grove 70.53Ft W Of25ft E Side Of 130Ft S End L15, 491005145001000101

Utilities

Water:
Municipal/City

Financial

Source:
mibor

This listing courtesy of:
Trueblood Real Estate, Dustin Kelly

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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