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19-21 Hendricks Place

$425,000

19-21 Hendricks Place, Indianapolis, IN 46201

Active
Last Updated: 04/26/2025

0.1 acres

Lot Area

1890

Year Built

Details:
Lot Area:    0.1 acres
Year Built:    1890
MlsNumber:    22017073
Highlights:
  • Roof: Asphalt Shingle Roof
  • Basement: Unfinished
  • Cooling: Wall Unit A/C
  • Heating Type: Forced Air
Description:

Fantastic income generating property with amazing CASH FLOW: 7 studio/efficiency units. One side (#19) has 4 units & the other side (21) has 3 units. All units recently renovated & upfit for selling/renting. Potential to receive $7,600 total in rent each month. Each unit has kitchen, bedroom, closet & bath. Huge unused attic space with tons of potential (possibly 2 additional units). Parking in the back or on street. Owner pays all utilities (gas, water & electric). Zoned D8. Tenant's rights apply. Must have 48-hour advanced notice for showings. CAP rate 10.64%

Map:
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