Veterans United Realty
41 Photos

2062 N Park Avenue, Indianapolis, IN 46202

$460,000 Asking Price

3 beds
4 baths
2,568  sqft
Built in 2006

Unique home-buying opportunity on the coveted near north side of downtown Indianapolis. In addition to the two story, single-family home, which includes a fully finished basement, is a studio apartment above the detached 3-car garage. A homeowner can offset a substantial amount of their mortgage by living in one dwelling and renting the other. Located across from MLK Jr Park, the property offers a more tranquil setting amidst all the hustle and bustle from downtown living. A covered front porch and a covered second story balcony off the master bedroom overlook the park. The back concrete patio is fully enclosed with a cedar shadow box fence and is ready for entertaining. The main house boasts an open-concept main level with the kitchen, dining and living areas all combined together. A room for a home office sits just inside the front door and porch. The upstairs contains a master bedroom (including the walk-out balcony), master bathroom, two additional bedrooms, another full bathroom, and a loft area. The finished basement is separated into two rooms, both with exterior windows, and offers flexibility in how its used. The larger room contains a wet bar and full bathroom, inclusive of a shower stall. The second room tucks away the house mechanicals and washer and dryer in a closet to allow for additional utility and use in the room. The studio apartment is an incredible alternative for downtown Indianapolis renters looking at studio or 1-bedroom units. The apartment comes fully equipped with kitchen appliances, washer and dryer, an open-concept living area, and an attached single bay garage (the two bay garage is for the main house). This is a unique opportunity to acquire two dwellings on one parcel and to start (or further) a real estate portfolio. The opportunity for day one rental income, as part of, but still separate from your primary residence, is rare and overlooked.


Listing Status:
Active
Date Added:
August 26, 2024 — 25 days ago
Listing Office:
Envoy Real Estate, LLC, Bradley Untrauer (317-965-6850)
Office Phone:
brad.untrauer@envoycompanies.com
MLS ID:
21998205

Features & Amenities

Interior

General:
Attic Access, Center Island, Pantry, Programmable Thermostat, Screens Some, Walk-in Closet(s), Wet Bar, Windows Vinyl
Appliances:
Dishwasher, Dryer, Electric Water Heater, Disposal, MicroHood, Microwave, Electric Oven, Refrigerator, Washer, Water Softener Owned
Laundry:
Laundry Closet, In Basement
Basement:
Finished, Full
A/C:
Central Electric
Heating:
Electric, Forced Air
Fireplace:
Fireplaces: 0

Exterior

General:
Balcony, Carriage/Guest House
Style:
TraditonalAmerican
Other Structures:
Covered Porch, Porch Open
Parking:
Alley Access, Detached, Concrete, Garage Door Opener

Construction

General:
Two, Concrete Perimeter, Full

Location

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

Lot

Zoning:
Hamlins Sub Johnson Heirs Add L14, 490636173015000101
Fencing:
Fence Complete, Fence Full Rear, Privacy, Gate

Utilities

Utilities:
Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Water:
Municipal/City

Financial

Source:
mibor

This listing courtesy of:
Envoy Real Estate, LLC, Bradley Untrauer

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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Veterans United Homefront

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