Did you know that even if you already have a mortgage on your own home, you can still often qualify for another mortgage to buy an investment property? Right now, I’m working with several investors who are looking to buy multi-family homes. Some want to find long-term tenants, some want to live in half of a double and rent the other side, and some are interested in Airbnb short-term rentals. There are also many colleges in Indianapolis full of students seeking housing. I am easily able to set up a search that will help you find the perfect property, whether it is in the North, East, West, South, or Central area of Indianapolis! I can also assist with determining your return on investment.
Here are some of the properties I found while searching this week. If you’d like to explore one of them, please call, text, or email me for more information.
1492 South 8th Street, Noblesville, IN This upstairs/downstairs double is listed at only $169,900. Expect to gross $1600+ monthly if you rent both units. This is a beautifully updated space and each unit has 2 bedrooms and 1 bath.
By Joseph A. Logan
5143 East Atherton S Drive, Indy, IN This Irvington duplex boasts fresh flooring and renovated kitchens. Each side has 2 bedrooms and 1 bath and can gross around $1350 per month. Listed at only $124,900, this won’t last much longer on the market!
By FC Tucker
3014 West 10th Street, Indy, IN This Westside multi-unit property has four units with the possibility of grossing $2200 per month. The location is perfect for IUPUI students and the kitchens and bathrooms have all been updated. Three 2/1 units and one 1/1 unit. With a list price of $160,000, the potential here is huge.
By Neu Real Estate Group
9901 East Southport Road, Indy, IN This Franklin Township double has a 3 bedroom, 2 bathroom side that has been completely remodeled. Both units together could gross $1700 per month. This property even has a 6-stall horse barn! Listed at $199,000.
By Hoosier Realtors
1355 South East Street, Indy, IN This exciting four-plex in the hot, historic Bates-Hendricksneighborhood is lists at only $214,900. Close proximity to Downtown Indy and Fountain Square make it special. Each unit is 1 bedroom and 1 bath. It could return up to $2500 with conventional leasing or possibly $100/each per night on Airbnb!
By Keller Williams