1218 Union St, Indianapolis, Indiana, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$255,319

1218 Union St
Indianapolis, Indiana, United States

Listed By: Realtyww Info

Listed On: 07/31/2025

Listing ID: GL11819126 View More Details

Description

Your next duplex investment! 3BR, 2 full BA downstairs; 4BR, 2 full BA upstairs. This vacant SFH will be an easy conversion back to a Duplex by closing off a doorway to stairs in kitchen on main level. The caretaker on site does not have a lease in place so no tenant rights exist currently. If converted to a duplex, each floor could produce $1500-1700 / month. The income and expenses on the Tax/Finance portion assumes first level rents for $1500 and upper level rents for $1700 per month. Trailing 12 month electric bill was $4761, water bill was $1759 with a final number of $6520 for utilities. Property taxes were $2, 016/year or $168/month. Buyer will need to underwrite their own assumptions about repairs and maintenance. Home comes with Central Air, 2 water heaters (new as of 2020), heat pump and HVAC new around 2020 too. Painted with new flooring (2022). All furniture stays with the sale. North wall where basement window well sits could potentially need minimal foundation repair work done. Property being sold as-is. Current owner's intent was for rehab center - 12 bed count through an organization that provides housing for addictive recovery participants at $900 per bed. There is a separate entrance to the basement (front porch and kitchen access) and a separate entrance to the upstairs on the side of the property.

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Listed by: Hector David Orton