Fully renovated turnkey rental! This investment property is projected to cash flow with an IHA lease at $2,464 per month (RTA application already processed w/ IHA, pending inspection) meeting key investor benchmarks. Tenant move-in is scheduled for July 17th-2026. The home has been extensively renovated and features luxury vinyl plank flooring, fresh interior paint, a new bathroom vanity, a tiled shower surround, and a mini-split system with supplemental heat. The beautifully updated kitchen includes granite countertops, new cabinetry, a new refrigerator and stove, recessed lighting, and contemporary finishes throughout. The functional four-bedroom floor plan provides excellent flexibility and strong rental appeal. Additional improvements include a 200-amp electrical panel, upgraded plumbing, and several new windows. A large backyard storage shed offers ample space for tools and equipment. Whether you're expanding your investment portfolio or purchasing your first rental property, this is a true turnkey opportunity! Buyer to verify rents, leases, expenses & projections. Room dimensions are approximate.
Active
$189,900
2504 Collier St, Indianapolis, IN 46241
4beds
1,250sqft
Residential, Single Family Residence
Built in 1945
5,227 Square Feet Lot
$-- Zestimate®
$152/sqft
$-- HOA
What's special
Functional four-bedroom floor planContemporary finishes throughoutGranite countertopsRecessed lightingBeautifully updated kitchenTiled shower surroundNew refrigerator and stove
- 55 days |
- 370 |
- 34 |
Zillow last checked:
Listing updated:
Listed by:
James Goetz 317-716-1977,
BandWagon Real Estate, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22110603
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 4
Primary bedroom
- Level: Main
- Area: 161.5 Square Feet
- Dimensions: 17x9.5
Bedroom 2
- Level: Main
- Area: 80.75 Square Feet
- Dimensions: 9.5x8.5
Bedroom 3
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10x12
Bedroom 4
- Level: Main
- Area: 112.5 Square Feet
- Dimensions: 12.5x09
Foyer
- Level: Main
- Area: 114 Square Feet
- Dimensions: 12x9.5
Kitchen
- Level: Main
- Area: 91 Square Feet
- Dimensions: 13x07
Laundry
- Level: Main
- Area: 47.5 Square Feet
- Dimensions: 9.5x5
Living room
- Level: Main
- Area: 312 Square Feet
- Dimensions: 24x13
Heating
- Zoned
Cooling
- Dual
Appliances
- Included: Gas Cooktop, Refrigerator
- Laundry: Main Level
Features
- Built-in Features
- Has basement: No
Interior area
- Total structure area: 1,250
- Total interior livable area: 1,250 sqft
Property
Parking
- Parking features: Gravel
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
Lot
- Size: 5,227 Square Feet
Details
- Additional structures: Barn Mini, Storage
- Parcel number: 491120118424000900
- Special conditions: Flood Plain,Other
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1945
Utilities & green energy
- Electric: 200+ Amp Service
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $152/sqft
- Tax assessed value: $93,800
- Annual tax amount: $718
- Date on market: 6/27/2026
- Cumulative days on market: 57 days
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2026 | Listed for sale | $189,900+279.8%$152/sqft |
Source:  MIBOR as distributed by MLS GRID #22110603 Report a problem | ||
| 5/24/2026 | Listed for rent | $2,464$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/2/2026 | Sold | $50,000$40/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $717 +12.2% | $93,800 +24.6% |
| 2024 | $639 -3.6% | $75,300 +9.3% |
| 2023 | $663 +15.1% | $68,900 +3.1% |
| 2022 | $576 +16% | $66,800 +32.3% |
| 2021 | $497 -0.1% | $50,500 +16.6% |
| 2020 | $497 +11.3% | $43,300 |
| 2019 | $447 -3.9% | $43,300 +1.4% |
| 2018 | $465 -11.1% | $42,700 +4.1% |
| 2017 | $524 +11.2% | $41,000 -2.4% |
| 2016 | $471 +16.7% | $42,000 -2.8% |
| 2014 | $403 +1.3% | $43,200 +2.9% |
| 2013 | $398 | $42,000 +1.4% |
| 2012 | $398 | $41,400 +6.4% |
| 2011 | -- | $38,900 |
| 2010 | $785 -3.2% | $38,900 -3.2% |
| 2009 | $811 | $40,200 -13.9% |
| 2007 | -- | $46,700 +9.6% |
| 2006 | -- | $42,600 +6.2% |
| 2005 | -- | $40,100 |
| 2004 | -- | $40,100 -2% |
| 2003 | -- | $40,900 +118.7% |
| 2002 | -- | $18,700 +200.2% |
| 2001 | -- | $6,230 |
| 2000 | -- | $6,230 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Mars Hill
Nearby schools
GreatSchools rating
- 5/10Stout Field Elementary SchoolGrades: PK-6Distance: 0.3 mi
- 3/10Lynhurst 7th & 8th Grade CenterGrades: 7-8Distance: 0.8 mi
- NABen Davis Ninth Grade CenterGrades: 9Distance: 4.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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