3740-3732 Asbury Street, Indianapolis, IN 46227
- $265,000
- List Price
- $265,000
- Price Change
- ▼ $5,000 1788569895
- MLS#
- 22122499
- Days on Market
- 15
- Status
- ACTIVE
Property Description
Investor opportunity with immediate rental income and significant value-add potential! This property includes two well-maintained homes, a buildable lot situated between them, and an additional heated garage. Further maximize the property by finishing the basement, which already has a separate private entrance, into an additional unit or developing the middle lot for a third standalone property. Both homes are currently leased through summer 2027, with the 2-bedroom home renting for $1,400/month and the 1-bedroom home at $950/month. With established rental income, multiple expansion opportunities, potential for future rent growth, and a convenient location near the University of Indianapolis, this property offers strong long-term investment potential. Additional properties from the same portfolio are also available for purchase.
/u.realgeeks.media/hothouserealty/HotHouseDetail.png)
Additional Information
- Expenses
- 748
- Subdivision
- University Heights
- Stories
- One
- Architecture
- Traditional
- Acres
- 0.44
- Heat
- Forced Air, Natural Gas
- Cooling
- Central Air
- Region
- Perry
Mortgage Calculator
Listing courtesy of Redfin Corporation.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative