216 S Emerson Ave, Indianapolis, IN 46219

Description

Value-add duplex opportunity on Emerson Avenue offering high visibility, strong rental demand, and clear upside through rent growth. This newly renovated property features two 2 bed / 1 bath units with separate electrical meters, helping reduce operating expenses and maximize net income. The upstairs unit is currently occupied at $925 month-to-month, with the potential for future rent increases. The downstairs unit is currently vacant and features rent-ready renovations providing an immediate lease-up opportunity at market rent. Current expected market rents are between $1150-$1200 which makes this duplex meet the 1% rent to price criteria for investors. Investors can qui...