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4652 N Kenwood Avenue, Indianapolis, IN 46208

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For Sale

$550,000

0.19 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • 0.2 acres
    Lot size

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

This 3,100+ SF Butler-Tarkington duplex has been beautifully renovated and updated with all the modern conveniences while maintaining its historic charm. Both sides are currently rented to great tenants with timely payment histories with an annual gross rental income of $45,600. There are separate HVAC, electric, and water meters for each unit, plus each unit has its own dedicated, enclosed garage bay with overhead garage door openers and extra off-street parking in the long driveway. The location is incredible; this duplex is nestled on a quiet street surrounded by established homes in Washinton Township- about a block away from the Indiana Governor's Mansion and within easy walking distance to both Butler University and Meridian-Kessler amenities & just 10 minutes from downtown. The hardwoods, original woodwork, built-ins and vintage glass doorknobs create a warmth and character hard to match. On both sides, the kitchens have updated appliances that convey, and there are laundry hook-ups in the large basement that offers dedicated storage areas for each unit. Another huge convenience is that each side has a half bathroom on the main level in addition to the (fully renovated) full bathrooms upstairs. In unit 1 (4652 N Kenwood Avenue), the elegant double doors in the family room lead out to a covered porch perfect for enjoying the spacious yard and mature trees. In unit 2 (137 W 47th Street), there is a spacious screened-in porch with access to a private backyard. Both units have stately living rooms with fireplaces, plus another large room that serves as extra living space for use as a second living room, a study or dining room! Don't miss out on this updated, cash-flowing investment located in an established area with strong appreciation potential, NOI of over $29,000 annually (after accounting for professional property management, insurance & property taxes) with a strong GRM of 12, right in line with comps. Appraised at $550K.
MLS# 22048154

Courtesy Of Highgarden Real Estate

(317) 205-4320

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Craftsman
  • Exterior Type
    Brick, Vinyl Siding
  • Heating System
    Forced Air
  • Lot Size
    0.19 Acres
  • Rooms
    Basement

Map and Directions

Directions to 4652 N Kenwood Avenue, Indianapolis, IN 46208

Home seller CENTURY 21 Scheetz

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Scheetz

(317) 705-2500
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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