539 E 53rd Street, Indianapolis, IN 46220

Property Description

539 E 53rd , INDIANAPOLIS, IN 46220 TURN-KEY INCOME-PRODUCING DUPLEX | $675,000 | ESTABLISHED RENTAL HISTORY LOCATION! LOCATION! LOCATION! Rare opportunity to acquire a high-end duplex with 26 years of rental history in a highly desirable Indianapolis location. This exceptional property offers approximately 4040 finished square feet on a 8590 sq ft corner lot, with two spacious residential units, surrounded by Million dollar homes .Enjoy a quiet residential setting with convenient access to Broad Ripple and Downtown Indianapolis. The property is walkable to Broad Ripple/Monon Trail and approximately 15 minutes from Downtown Indianapolis,offering easy access to restaurants, shopping, entertainment, parks, major employment centers, and city amenities. The property has been continuously rented for 26 years, offering an investor the opportunity to purchase an established income-producing asset with a proven rental track record. The current owners are retiring and selling multiple properties. Seller Financing is not available. 1 side features 5 bedrooms and 2.5 bathrooms, other side 4 Bedrooms and 2 bathrooms. with hardwood floors throughout and finished basements. Each unit a has wood burning fireplace, with surrounding built in bookcases. Each side has a large screened front porch. Each basement includes a bedroom with an egress window, a full bathroom, bonus room providing valuable additional living space. Both sides of the duplex have fenced in yards. Both sides have central air conditioning. Gas furnace/hot water heater. The property is offered turn-key, including all stainless steel kitchen appliances, 2 sets of washers/dryers Annual Rent: $62,400.00 53rd side is $2500.00/mo ( + $30.00 for pet ) 5268 park side is $2700.00/mo ANNUAL Property Taxes: $6746.00 Annual Insurance: $1582.00. Seller financing is not available