509 Tomlinson Drive, Indianapolis, IN 46222

$160,000 Asking Price

4 beds
2 baths
980  sqft
Built in 1930

This exceptional investment property offers a fantastic opportunity for steady returns and long-term value. Featuring 4 spacious bedrooms and 1.5 updated bathrooms, this home has been meticulously remodeled prior to its current lease, ensuring it meets modern standards and appeals to tenants. Currently rented through 2026, it provides immediate income potential with minimal management required. The recent renovations make this property a hassle-free addition to your portfolio, delivering reliable cash flow and long-term appreciation. Don't miss out on this chance to invest in a well-maintained, income-generating asset!


Features & Amenities

Interior

General:
Screens Some, Storms Some, Eat-in Kitchen
Appliances:
Dryer, Gas Water Heater, Electric Oven, Refrigerator, Washer, Water Heater
Laundry:
In Basement
Basement:
Unfinished
A/C:
Central Electric
Heating:
Forced Air, Gas
Fireplace:
Fireplaces: 0

Exterior

Style:
Bungalow
Parking:
Attached

Construction

General:
One, Block, Crawl Space

Location

Originating MLS:
mibor
School District:
MSD Wayne Township
County:
Marion

Lot

Zoning:
Schucks W Mich St 80Ft Off N End Of W 62.6Ft L2, 491105105022000900
Fencing:
Fence Full Rear

Utilities

Water:
Municipal/City

Financial

Source:
mibor

This listing courtesy of:
Tip Top Realty, LLC, Anthony Jackson-Moses

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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