Bedrooms
3
Baths
2
Sq. Feet
1540
Year Built
1950
Days on Market
31
$/SqFt
$110
33 Photos
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Home Description: 355 S Vine St
Welcome to your lucrative investment opportunity in Indianapolis! This charming single-family ranch home, located on the west side of town, features 3 bedrooms and 1.5 bathrooms and 980 sq ft of living space. In addition, it boasts an updated 560sq ft studio ADU generating $700/mo in income, with the tenant covering all utilities. Live comfortably in the updated main house while letting the rear unit significantly offset your mortgage, or maximize rental income potential by leasing both units, possibly exceeding the 1% rule. Conveniently situated on a corner lot, this property offers easy access to key destinations, including the airport, the Indy 500, and downtown Indianapolis-all within a 10-minute drive. The main home is move-in ready, featuring updates like laminate flooring and new paint. The ADU has also been updated within the past few years. Ample parking is provided with a large gravel parking area on the side of the property, accommodating multiple vehicles. Whether you're an owner-occupant looking for added income or an investor seeking a promising rental property, this versatile opportunity awaits!
Approximate Room Sizes / Descriptions
Neighborhood
The average asking price of a 3 bedroom Indianapolis home in this zip code is $183,868 (8.2% more than this home).
This home is priced at $110/sqft, which is 30.2% less than similar homes in the 46241 zip code.
Map Map | Street Street | Birds Eye Birds Eye
355 S Vine St Indianapolis IN 46241
Similar to: 355 S Vine St
For Sale Near: 355 S Vine St
School Information
Financial
Area Stats
These statistics are updated daily from the Metropolitan Indianapolis Board of REALTORS® Multiple Listing Service. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (317) 459-5711 and speak with one of our real estate consultants.
Listing Courtesy of Keller Williams Indpls Metro N.
355 S Vine St, Indianapolis IN is a single family home of 1540 sqft and is currently priced at $170,000 . This single family home has 3 bedrooms. A comparable home for sale at 3230 Phoenix Cir in Indianapolis is listed at $185,000. This home on 355 S Vine St has not had a price change. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures in Indianapolis, IN. Lookout Plaza, North Plaza and Chapel Ridge are nearby neighborhoods. MLS 21979192 has been posted on this site since 5/14/2024 (today).
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