1541 S State Ave, Indianapolis, IN 46203

Investor's Dream or Perfect House-Hack Opportunity in Prime Location! Discover this remarkable duplex with 2 bed and 1 bath per unit, perfectly situated just blocks south of the vibrant Fountain Square neighborhood and within a 5-minute drive of downtown Indianapolis. This property offers the ideal blend of immediate rental income and potential for increased revenue through property improvements and rent increases. One unit is vacant and the other is rented. The vacant unit has been tastefully updated with fresh paint, new carpet, and a few misc improvements, making it truly move-in ready for a new tenant or owner-occupant. The second unit is currently tenant-occupied, generating $775 per month in rental income (exp 8/31/24). This rent is under market value, presenting an excellent opportunity to increase it to around $1000 per month, easily exceeding the 1% rule! Tenants are responsible for all utilities, maximizing your net income. This duplex is not only a sound investment with room for rent and price appreciation but also a fantastic option for those looking to house-hack. Live in one unit while the other unit helps pay your mortgage. The property's desirable location ensures high demand, making it a wise addition to any portfolio. Don't miss out on this incredible opportunity to invest in a property that offers immediate returns and future growth. Schedule your showing today!