(Indianapolis, IN) 2/1 VACANT SFH - Great Opportunity for Rental

Marion County, Indianapolis, IN, 46221 view full address
For Sale
Listed at: April 1st, 2025
Price
$79,900
ARV
$180,000
Gross Margin
$100,100
Sq. Footage
1228
Type
Single-Family
Parking
Driveway
Year build
1905
Lot size
0.11 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
1
If someone buys for this price, no more offers will be accepted
Summary

Summary:

Investing in 1550 Shepard St, Indianapolis, IN 46221, offers a compelling opportunity due to its strategic location, favorable rental market dynamics, and the broader economic landscape of Indianapolis. This property offers a comfortable living space suitable for small families or individuals, making it attractive to potential renters seeking affordability and convenience.​

Property Details/Condition:

  • Bedroom: 2 Bed
  • Bathroom: 1.5 Bath
  • Building Size: 784 Sqft 
  • Rentometer Median Rent: $1,523/mo 
  • Occupancy: Vacant
  • Furnace: 5 Years 

Key Considerations

  • The city has experienced a 4.8% increase in average rental rates year-over-year in the fourth quarter of 2024
  • 5 Miles from University of Indianapolis 
  • 8 Miles from Butler University 
  • 2 LOTS INCLUDED 

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Contact me TODAY so you don't miss out!

317-934-2270

luke@mainstaypropertygroup.com

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Luke Swift

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