5303 Traditions Dr, Indianapolis, IN 46235

Description

INVESTOR ALERT!! Welcome to 5303 Traditions Dr, an affordable ranch in the Traditions neighborhood of Lawrence Township on Indianapolis' northeast side. Tucked along a loop-style street with minimal through traffic, this 2-bedroom, 1-bath home offers 884 sq ft of living space on a flat .11-acre lot. Inside, cathedral ceilings and skylights create a bright, open feel, while the partially open kitchen connects nicely with the main living area. Built in 1992, the home has been used as a rental and is ready for its next chapter. Some cosmetic updating, primarily paint and carpet, would go a long way toward making it shine. Outside, you'll find a concrete parking pad for convenient off-street parking plus a storage shed. The home is vacant, making it a great option for either an owner-occupant looking to build equity or an investor seeking their next rental (possible BRRRR strategy!). Estimated market rent is approximately $1,100-$1,200/month, putting the property above the coveted 1% rule even after accounting for updates. Conveniently located just off Pendleton Pike with abundant shopping, dining, and everyday conveniences nearby, plus Fort Harrison State Park just minutes away. Property is sold as-is and is priced accordingly!