1719 Thaddeus St Indianapolis IN 46203 MLS 22004068

Home Description: 1719 Thaddeus St

This updated 2 bed/1 bathroom rental has great cash flow of $14,400/year, a 7.9% cap rate after expenses and a wonderful tenant. The water heater and the AC condenser are newer, and the house features white vinyl windows throughout, fresh interior and exterior paint, newer luxury vinyl plank flooring and a fully remodeled bathroom. This is located on a quiet street in an appreciating area with lots of renovations happening on the southeast side of Indianapolis near Fountain Square, Garfield Park, and just minutes from Downtown! Features like the welcoming covered front porch, fully fenced backyard, central air, spacious bedrooms, and interior updates will help retain quality tenants and make this rental a valuable addition to your portfolio. Buy both 1719 and 1717 Thaddeus as a package for $316,000 for a cap rate of 7.5% with combined annual cash flow of $30,120! No assignment of contracts.