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8217 E 48th St, Indianapolis, IN, 46226

3beds
1baths
792sqft
$135,000
$170price/sqft
$1,228/moest. monthly cost
$49,120/yrincome needed

About This Home

Investor opportunity with immediate income in Lawrence. Tenant-occupied property generating $1,200/month ($14,400 annually) with lease in place through 12/31/2027, offering approximately 10.7% gross yield before expenses based on list price. Located within a small portfolio of three rental homes all within approximately .25 miles, providing potential for scale. Fenced back yard. Property is being sold as-is. No yard sign and no showings without an accepted offer. Please do not disturb tenants. Buyer to verify all information. Other MLS #s: 22095884 and 22095897

Getting Around

50
WalkingCar-Dependent
17
TransitMinimal Transit
64
BikeBikeable

Schools

3/10
Belzer Middle SchoolGrades 7-80.9 mi
3/10

Construction

Condition

  • Year built: 1954

Materials

  • Foundation: Slab
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow,Mid-Century Modern
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Electric Cooktop,Dishwasher,Gas Water Heater

Bedroom2

  • Level: Main
  • Area: 99
  • Dimensions: 11X09

Bedroom3

  • Level: Main
  • Area: 88
  • Dimensions: 11X08

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Features

  • Eat-in Kitchen

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 792
  • Total interior livable area: 792 sqft

Kitchen

  • Level: Main
  • Area: 96
  • Dimensions: 12X08

Living Room

  • Level: Main
  • Area: 165
  • Dimensions: 15X11

Master Bedroom

  • Level: Main
  • Area: 132
  • Dimensions: 12X11

Property

Details

  • Parcel number: 490807101113000407
  • Special condition: As Is
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Patio
  • Fencing: Fenced,Full

Lot

  • Lot size: 8,276 sqft
  • Features: Sidewalks,Mature Trees

Parking

  • Total spaces: 2
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2