OfferMarket

2531 N Tacoma Ave, Indianapolis, IN 46218, USA

$139,990

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2531 N Tacoma Ave, Indianapolis, IN 46218 WALKTHROUGH THURSDAY 5/8/25 MUST TEXT 317-751-2308 FOR ACCESS AND TIME
ASKING PRICE
$ 139,990 CASH (OR BEST OFFER)
AFTER REPAIR VALUE $ 165,000 Turnkey Condition. Very well-maintained. Fully rented, strong rents with long-term stable tenants. Better condition/price than currently on the market for that area!! Amazing find with Instant Equity!! RENTAL ESTIMATE $ 1,675 Current Rents $1,675 total ($825/$850). Potential Rents could reach $1,800+ total ($900+ each side)
PROPERTY DETAILS
  • Duplex
  • 4 Beds (2 Beds per side)
  • 2 Baths (1 Bath per side)
  • 1,566 Sqft (783 per side)
  • Long Term Tenants
  • Separate utility meters
  • No repairs needed, just collect cashflow!
  • Very well-maintained
  • Furnaces Both Approx 2013
  • ACs 2019 and Approx 2013
  • Lease Details: 2531 (Start-End 7/8/22 - 7/31/25)
  • Lease Details: 2533 (Start-End 9/24/21 - 9/24/25)
  • Potential Rents could reach $1,800+ total ($900+ each side)
  • Instant Equity
  • Better Value Than On The Market!!
  • The nicest part of the neighborhood. The property is surrounded by 1990's built vinyls!!
  • Current Occupancy Tenant Occupied
  • Occupancy at Close Tenant Occupied
  • Close of Escrow 05/30/25
  • Best Offer Due By TBD
  • Non-Refundable Earnest Money Deposit $ 5,000

MARKET ACTIVITY

SUBJECT PROPERTY : 4 Beds (2/Side) / 2 (1/Side) Baths / 1,566 (783/Side) Fin Sqft

COMPARABLES / RECENT ACTIVITY

  • SOLD $183,500 - 3468 N Dearborn St / 4 Bed / 2 Bath / 1,632 Fin Sqft
  • SOLD $175,000 - 2319 N Gale St / 4 Bed / 3 Bath / 1,724 Fin Sqft
    • Location reduced value
  • SOLD $175,000 - 2921 E 18th St / 4 Bed / 2 Bath / 1,456 Fin Sqft
    • Less sqft
  • SOLD $150,000 - 2002 Adams St / 4 Bed / 2 Bath / 1,456 Fin Sqft
    • Less sqft, No Central AC
  • SOLD $147,000 - 2502 Columbia Ave / 4 Bed / 2 Bath / 1,148 Fin Sqft
    • Much Less Sqft, No Central AC
  • SOLD $143,000 - 2540 Schofield Ave / 4 Bed / 2 Bath / 1,430 Fin Sqft
    • Less Sqft, Worse Condition and Finishes
  • SOLD $140,000 - 2729 Adams St / 4 Bed / 2 Bath / 1,416 Fin Sqft
    • Less Sqft, No Central AC, Lower Rent

    • LINK TO COMPS