212 S Emerson Ave, Indianapolis, IN 46219

Description

Exceptional investment or house-hacking opportunity on Indianapolis's near eastside, perfectly situated on the edge of Christian Park and directly across from historic Irvington. Located with no HOA, this solid duplex sits just minutes from Irvington's vibrant shops and dining, Christian Park, Community East Hospital, and under 10 minutes to Downtown Indy. The property features a massive wraparound front porch and a large fenced backyard with alley access for off-street parking, with tenants currently handling lawn care. The upper 2-bed, 1-bath unit is occupied generating immediate cash flow at $950/month, while the spacious 1,100 sq ft main-level 2-bed, 1-bath unit is vacant and ready for an owner-occupant or immediate lease (marketed at $899/month). The lower unit boasts a large formal living room, formal dining room with classic hardwood floors, a generously sized kitchen, full bath, large rear deck, and an unfinished basement with laundry hookups and plenty of storage. Electricity is separately metered and tenant-paid. The owner currently covers water/sewer, and gas, offering immediate upside by instituting a flat utility fee to boost net operating income. Offered in solid, rental-grade condition with no known immediate large repairs needed, this turnkey property provides immediate returns today plus built-in equity potential through cosmetic updates to maximize market rents and overall value.