1201 Wade Street

Indianapolis, IN 46203

$265,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

INVESTORS check out this cash flowing property. This is a unique opportunity to own 2 single family homes on one lot. Unit 1 is a 2 bedroom/1 bath unit. It has a small shed with fenced backyard. Tenant pays $1200/mo and is responsible for all utilities. Unit 2 sits behind the front house off of the alley and has off street parking and fenced in area as well. It is a 1 bed/1 bath. This tenants pays $975/mo and is responsible for all utilities. . Please do not disturb tenants.INVESTORS check out this cash flowing property. This is a unique opportunity to own 2 single family homes on one lot. Unit 1 is a 2 bedroom/1 bath unit. It has a small shed with fenced backyard. Tenant pays $1200/mo and is responsible for all utilities. Unit 2 sits behind the front house off of the alley and has off street parking and fenced in area as well. It is a 1 bed/1 bath. This tenants pays $975/mo and is responsible for all utilities. . Please do not disturb tenants.
  1. Listed by Steve Snyder • Ferris Property Group • Steve@FerrisPropertyGroup.com

Property Details for 1201 Wade Street

Subdivision Name
Julian Etal Spring Gardens South
Township
Center
Zoning
Residential
LISTING UPDATED: 07/24/2024 12:38 PM

Property Details for 1201 Wade Street

StatusActive
MLS #21990300
Days on Market124
Taxes$858 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1929
Lot Size0.14 AC / 6,098 SF
CountyMarion County

Building Information for 1201 Wade Street

Stories-Residences2Year Built1929Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 1201 Wade Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46203
  • Postal Code Plus4: 4309
  • Road Access: Not Applic
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491019112084000101
  • Semi Annual Property Tax Amt: 858
  • Tax Year: 2023
  • TaxLot: 49-10-19-112-084.000-101
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: No Utilities, Taxes
Parking
  • Garage Spaces: 2.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Gross Area SQFT: 2075
  • Lot Size Square Feet: 6142.0
  • Lot Size Acres: 0.14
  • New Construction: False
  • Structure Type: Duplex,FreeStand
  • Year Built Numeric: 1929
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • Inspection Warranties: Not Applicable
  • Legal Subdivision: Julian Etal Spring Garden Add L9
  • Photos Count: 6
  • Property Attached: No
  • 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 Description: Unfinished
  • Basement YN: Yes
  • Cooling: Central Electric
  • Levels: One
  • Laundry Features: Connections All
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: On Street, Other
Income & Expenses
  • Expenses: 0
  • Gross Income: $26,520.00
Unit 1
  • Unit Kitchen: 120
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Heat Forced,Hot Wtr Elec
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 120
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Heat Forced,Hot Wtr Elec
  • Unit Type Type: 1 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 1201 Wade 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 1201 Wade Street

Taxable ValueLand$8,100Additions$67,800Total$75,900
Tax Record2023$1,800 ($150 / month)
Home Facts
Beds2Total Finished SqFt672 SqFtAbove Grade Finished SqFt672 SqFtStories1Lot Size6,142 SqFtStyleSingle Family ResidenceYear Built1929Year Renovated1965CountyMARIONAPN49-10-19-112-084.000-101

Schools near 1201 Wade Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Eleanor Skillen Elementary School 34
PublicPK to 6

Arlington Community Middle School
Public7 to 8

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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1201 Wade Street is a multi-family home for sale in Indianapolis, IN 46203. This property was listed for sale on July 15, 2024 by Ferris Property Group, it's currently listed at $265,000. It has been on the market for a total of 124 days and was last sold on February 28, 2023. This listing's school district is Indianapolis Public Schools. Nearby schools include Eleanor Skillen Elementary School 34, Arlington Community Middle School and Arsenal Technical High School. 1201 Wade Street is a 0-bed, 0-bath, multi-family home built in 1929.

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 Ferris Property Group

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.