3740-3732 Asbury ST, Indianapolis, IN 46227
3740-3732 Asbury ST, Indianapolis, IN 46227,Video Tour
3740-3732 Asbury ST, Indianapolis, IN 46227
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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092
Listed by Antwon Culbreath • Redfin Corporation
$265,000
Est. payment /mo
0.44 Acres Lot
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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision University Heights

MLS Listing ID 22122499

Year Built 1937

Tax Year 2025

Lot Size 0.440 Acres

Acres 0.44

Property Sub-Type Duplex

Property Description

Investor opportunity with immediate rental income and significant value-add potential! This property includes two well-maintained homes, a buildable lot situated between them, and an additional heated garage. Further maximize the property by finishing the basement, which already has a separate private entrance, into an additional unit or developing the middle lot for a third standalone property. Both homes are currently leased through summer 2027, with the 2-bedroom home renting for $1,400/month and the 1-bedroom home at $950/month. With established rental income, multiple expansion opportunities, potential for future rent growth, and a convenient location near the University of Indianapolis, this property offers strong long-term investment potential. Additional properties from the same portfolio are also available for purchase.

Location

State IN

County Marion

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace N

Exterior

Garage Spaces 2.0

Building

Story One

Architectural Style Traditional

New Construction false

Schools

School District Perry Township Schools

Others

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MIBOR MLS
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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092

Broker RB14032222

Broker RB14032222

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3740-3732 Asbury ST

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