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1717 Thaddeus St Indianapolis, Indiana 46203 MLS# 21999345
This updated 3 bed/1 bathroom rental has strong cash flow of $15,720/year, a 7.1% cap rate after expenses and tenants who respect the home. The main living areas of the house have beautifully restored hardwood flooring adding charm and warmth, and the bedrooms and bathroom have newer luxury vinyl planking. The house features white vinyl windows, newer vinyl siding, and a fully remodeled bathroom, along with a large, open kitchen with newer appliances. The finished attic space/3rd bedroom is not included in the overall assessor's square footage but adds approximately 200 finished SF on the upper level. The unfinished basement offers dry storage space and easy access to the well-maintained mechanicals, including a brand new water heater. 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! The enclosed front porch, fully fenced backyard, central air, spacious bedrooms, huge laundry room 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% (after expenses) with combined annual cash flow of $30,120! No assignment of contracts.
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