522-526 Prospect Street

Indianapolis, IN 46203

$235,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investment opportunity! This triplex and lot next door are ready for you to come along and make it your own! Located in popular Bates Hendricks, this property can be cash flowing in no time! Each unit is one bed one bath, upstairs you could add square footage! One unit is currently rented on month to month. The 2nd unit downstairs can be rent ready now with a few touches. Or do an overhaul to get amazing rents or short-term rental. This property is close to everything, downtown, Lilly, hospitals....Investment opportunity! This triplex and lot next door are ready for you to come along and make it your own! Located in popular Bates Hendricks, this property can be cash flowing in no time! Each unit is one bed one bath, upstairs you could add square footage! One unit is currently rented on month to month. The 2nd unit downstairs can be rent ready now with a few touches. Or do an overhaul to get amazing rents or short-term rental. This property is close to everything, downtown, Lilly, hospitals. Could be great for professionals and/or traveling nurses! The lot next door comes with the property and has a curb cut! You can build a second property, garage or an outdoor courtyard oasis for your tenants! Main sewer line was replaced last year! With the close proximity to everything Indy has to offer, this is a GEM! Rents can be much higher! Property sold as-is
  1. Listed by Valerie Vaughn • Match House Realty Group LLC • valerie@matchhouserealty.com

Property Details for 522-526 Prospect Street

Subdivision Name
Hendricks
Township
Center SE

Location

Listing Courtesy of Match House Realty Group LLC
Add your commute
LISTING UPDATED: 05/20/2024 08:15 AM

Property Details for 522-526 Prospect Street

StatusPending
MLS #21977117
Days on Market13
Taxes$1,632 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1923
Lot Size0.15 AC / 6,534 SF
CountyMarion County

Location

Listing Courtesy of Match House Realty Group LLC
Add your commute

Building Information for 522-526 Prospect Street

Stories-Residences3Year Built1923Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$1,554 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,282

Property Taxes

$272

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 522-526 Prospect Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46203
  • Road Access: Access Rd,Frontage Road,Street Cuts
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491112101041000101
  • Semi Annual Property Tax Amt: 1631.9
  • Tax Exemption: None
  • Tax Year: 2023
  • TaxLot: 48-49
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20
  • Lot Size Square Feet: 6430.0
  • Lot Size Acres: 0.15
  • New Construction: False
  • Year Built Numeric: 1923
  • Living Area Source: Broker
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • Legal Subdivision: HENDRICKS SUB EX IRR TR 15.17FT EL X 7.59FT WL N END L48 OL99 HENDRICKS SUB EX IRR TR N END L49 OL99 22.76' EL X 15.17' WL
  • Photos Count: 40
  • Property Attached: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
Interior and Exterior Features
Interior Features
  • Basement YN: Yes
Multi Family
Multi-Family Information
  • Total Units: 3
Income & Expenses
  • Expenses: 0
  • Gross Income: $675.00
Unit 1
  • Unit Kitchen: 250
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom

Property History for 522-526 Prospect Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 522-526 Prospect 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
Washington Irving School 14
PublicPK to 6

HW Longfellow Med/STEM Magnet Midl
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Match House Realty Group LLC

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.