1701 Woodlawn Avenue

Indianapolis, IN 46203

$400,000
Price
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Beds
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per Sq. Ft.

Description

Welcome to this meticulously maintained duplex in the dynamic neighborhood of Fountain Square, just a stone's throw from Downtown Indianapolis. Presenting a remarkable opportunity for both savvy investors and those looking to dip their toes into the real estate market while offsetting living expenses. This property has been successfully utilized as both a short-term and mid-term rental, demonstrating a robust history of consistent revenue generation. With its dual-unit configuration, investors can...Welcome to this meticulously maintained duplex in the dynamic neighborhood of Fountain Square, just a stone's throw from Downtown Indianapolis. Presenting a remarkable opportunity for both savvy investors and those looking to dip their toes into the real estate market while offsetting living expenses. This property has been successfully utilized as both a short-term and mid-term rental, demonstrating a robust history of consistent revenue generation. With its dual-unit configuration, investors can continue to leverage its income-producing potential across different rental markets, enhancing both flexibility and financial returns. It's an deal live-in investment for those considering an owner-occupant approach, this duplex offers an optimal solution. Reside in one unit and rent out the other to help cover mortgage costs, effectively reducing living expenses while building equity in a thriving market. Key Features Include: Contemporary kitchens in each unit, complete with all the modern conveniences needed for a turnkey operation. Generously sized living spaces designed to ensure comfort and appeal in the rental market. Strategic separation between units to ensure privacy and tenant satisfaction. This property is located perfectly for growth and convenience situated minutes from downtown, tenants or homeowners can enjoy easy access to Indianapolis's top attractions, culinary hotspots, and retail options. Fountain Square itself is renowned for its vibrant arts scene and community-centric events, boosting the locale's desirability and rental appeal. Don't miss out on this dual-purpose property, ideal for those aiming to invest in a lively area with proven demand and growth potential. A perfect starter investment or a smart addition to your portfolio, ready to generate income from day one.
  1. Listed by Alexandria Hyche • Dix Realty Group • alex@alexhycherealtor.com

Property Details for 1701 Woodlawn Avenue

Subdivision Name
Morris & Mills
Township
Center
LISTING UPDATED: 09/14/2024 07:00 PM

Property Details for 1701 Woodlawn Avenue

StatusActive
MLS #22001556
Days on Market64
Taxes$1,614 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1955
Lot Size0.12 AC / 5,227 SF
CountyMarion County

Building Information for 1701 Woodlawn Avenue

Stories-Residences2Year Built1955Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 1701 Woodlawn Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46203
  • Postal Code Plus4: 1363
  • Road Access: Access Rd
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491007188001000101
  • Semi Annual Property Tax Amt: 1614
  • Tax Year: 2023
  • TaxLot: n/a
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: All Utilities
Parking
  • Garage Spaces: 2.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20
  • Lot Size Square Feet: 5140.0
  • Lot Size Acres: 0.12
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1955
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Legal Subdivision: Morris & Mills Sub Dunlap Add L1
  • Photos Count: 28
  • 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
  • Laundry Features: In Basement
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: 2 Car Garage, On Street
Income & Expenses
  • Expenses: 12000
  • Net Operating Income: $46,888.00
  • Gross Income: $30,000.00
Unit 1
  • Unit Kitchen: 18x12
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 15x20
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom

Property History for 1701 Woodlawn Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1701 Woodlawn Avenue

Taxable ValueLand$18,100Additions$129,200Total$147,300
Tax Record2023$3,494 ($291 / month)
Home Facts
Total Finished SqFt1,220 SqFtAbove Grade Finished SqFt1,220 SqFtStories2Lot Size5,140 SqFtStyleDuplexYear Built1955CountyMARIONAPN49-10-07-188-001.000-101

Schools near 1701 Woodlawn Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
William McKinley School 39
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
William McKinley School 39
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 1701 Woodlawn Avenue, Indianapolis, IN 46203

1701 Woodlawn Avenue is a multi-family home for sale in Indianapolis, IN 46203. This property was listed for sale on September 14, 2024 by Dix Realty Group, it's currently listed at $400,000. It has been on the market for a total of 64 days and was last sold on November 25, 2019. This listing's school district is Indianapolis Public Schools. Nearby schools include William McKinley School 39, Arlington Community Middle School and George Washington Community High School (9-12). 1701 Woodlawn Avenue is a 0-bed, 0-bath, multi-family home built in 1955.

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 Dix Realty 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.