59 E Troy Ave

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🔥 Indianapolis Duplex Deal | Nearly Finished | Fast Upside 🔥

Address: 59 E Troy Ave, Indianapolis, IN 46225

Property Overview

Value-add duplex featuring 4 beds / 2.5 baths across 2,236 sq ft in Southside Indianapolis. This is a nearly completed project with major work already done—ideal for investors looking for a quick finish and fast returns.

Key Features

• Duplex (2 units)
• 4 Beds / 2.5 Baths total
• 2,236 Sq Ft
• Corner Lot
• Wraparound Driveway
• Garage
• Built in 1910
• Vacant

Condition & Systems

• Exterior: Vinyl siding + roof ~1–3 years old
• Dry basement
• Furnace: ~6–10 years
• Foundation: Good
• Unit 1: Mostly updated
• Unit 2: Needs completion
• Light-to-moderate rehab remaining

Investment Highlights

• Major renovations already completed
• Reduced rehab timeline and cost
• Ideal for flip or buy-and-hold
• Strong rental demand in Indy market
• Vacant = immediate access and execution

Deal Potential

• Finish project and stabilize for strong rental income
• Flip into turnkey duplex for premium resale
• Opportunity to force appreciation with minimal remaining work

⚡ Nearly finished duplex deals with this kind of upside don’t last — move quickly
 

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Resources:

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