1027 North Rural Street

Indianapolis, IN 46201

$155,000
Price
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Beds
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Sq. Ft.
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per Sq. Ft.

Description

Don't miss this excellent investment opportunity! This duplex, being sold as-is, features two units, each currently occupied by long-term tenants paying $900/month, providing immediate rental income. Each unit offers functional layouts and the potential for upgrades to increase rental value. The property is conveniently located near local restaurants, stores, and public transportation, making it an attractive option for renters. Whether you're a seasoned investor looking to expand your portfolio...Don't miss this excellent investment opportunity! This duplex, being sold as-is, features two units, each currently occupied by long-term tenants paying $900/month, providing immediate rental income. Each unit offers functional layouts and the potential for upgrades to increase rental value. The property is conveniently located near local restaurants, stores, and public transportation, making it an attractive option for renters. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer interested in an income-generating property, this duplex has plenty of potential. Priced to sell, this is your chance to secure a property with reliable tenants already in place. No showings will be taken until after accepted contract. Tenants are in place and leases are available. This is being sold a part of a portfolio package. Please inquiure about other incoming prodcuing properties for sale. Please text Meighan Wise.
  1. Listed by Meighan Wise • Keller Williams Indpls Metro N • meighanwise@gmail.com

Property Details for 1027 North Rural Street

Subdivision Name
Vajens South Brookside
Township
Center
LISTING UPDATED: 12/26/2024 06:10 PM

Property Details for 1027 North Rural Street

StatusActive
MLS #22015312
Days on Market12
Taxes$1,250 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1920
Lot Size0.14 AC / 6,098 SF
CountyMarion County

Building Information for 1027 North Rural Street

Stories-Residences2Year Built1920Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 1027 North Rural Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46201
  • Postal Code Plus4: 1326
  • Road Access: Frontage Road
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 490732193172000101
  • Semi Annual Property Tax Amt: 1250
  • Tax Year: 2023
  • TaxLot: 7
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 6098.0
  • Lot Size Acres: 0.14
  • New Construction: False
  • Year Built Numeric: 1920
  • Living Area Source: Appraisal
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Vajens S Brookside Add L7
  • Photos Count: 2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
Interior and Exterior Features
Interior Features
  • Basement YN: Yes
  • Levels: Two
Multi Family
Multi-Family Information
  • Total Units: 2
Income & Expenses
  • Expenses: 1000
  • Gross Income: $21,600.00
Unit 1
  • Unit Kitchen: 350
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 3 Bedroom

Property History for 1027 North Rural Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1027 North Rural Street

Taxable ValueLand$20,200Additions$85,200Total$105,400
Tax Record2023$2,500 ($208 / month)
Home Facts
Total Finished SqFt1,402 SqFtAbove Grade Finished SqFt1,402 SqFtStories2Lot Size6,098 SqFtStyleDuplexYear Built1920ZoningZO01CountyMARIONAPN49-07-32-193-172.000-101

Schools near 1027 North Rural Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Brookside School 54
Public - PK to 6
Arlington Community Middle School
Public - 7 to 8
George Washington Community High School (9-12)
Public - 9 to 12
Arsenal Technical High School
Public - 9 to 12
Rating
School
Distance
Brookside School 54
PublicPK to 6

Arlington Community Middle School
Public7 to 8

George Washington Community High School (9-12)
Public9 to 12

Arsenal Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1027 North Rural Street, Indianapolis, IN 46201

1027 North Rural Street is a multi-family home for sale in Indianapolis, IN 46201. This property was listed for sale on December 18, 2024 by Keller Williams Indpls Metro N, it's currently listed at $155,000. It has been on the market for a total of 12 days and was last sold on December 28, 2023. This listing's school district is Indianapolis Public Schools. Nearby schools include Brookside School 54, Arlington Community Middle School and George Washington Community High School (9-12). 1027 North Rural Street is a 0-bed, 0-bath, multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Indpls Metro N

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.