USAINIndianapolisNorth Plaza3018 N Olney St

3018 N Olney St, Indianapolis, IN

Name: 3018 N Olney St, For Sale in Indianapolis - Zoocasa
Brand: @properties
SKU: 22109840
Price: 119900 USD

House

For Sale

Listed price in listed location currency (USD).

$119,900

311

MLS® 22109840

Overview

Key Facts

Type Single Family Residence

Levels Residential

Size 768 sqft

Garage Yes

Taxes

Days Active 73

Lot Size 0.12 Acres

Approx. Age 1953

Avg. Price Per Sqft $156

MLS® Number 22109840

Property Address: 3018 N Olney St, Indianapolis, IN, 46218-2131

Average square foot calculated using Size range provided by listing agent.

Description

Rare long-term leased investment on Indianapolis' near northeast side, offered at $120, 000. This brick 3-bedroom, 1-bathroom single-family home is leased through October 2028 at $845 per month, with contractual annual increases of two to three percent built into the term. More than two years of contracted income makes this an unusually predictable hold, with a scheduled opportunity to reset rent to market at expiration. The current tenants have occupied the home for six to seven years and have maintained it well. Approximately 768 square feet on a slab foundation, brick construction keeps ongoing maintenance minimal. Air conditioning is approximately five years old, water heater four years, and roof ten years or more. Tenants pay all utilities. Annual property taxes of $976 are the lowest in this portfolio. Located close to Brookside Park and the Indiana State Fairgrounds in an active rental pocket drawing steady reinvestment. One of thirteen buildings in a 17-unit Indianapolis rental portfolio available individually or as a package. Executed lease available upon request. Property sold as-is.

MLS® Number22109840

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1953

Basement

Driveway

Garage Spaces

HeatForced Air, Natural Gas

A/CCentral Air

Extras

Rooms

Change to metres

Living Room:Main Floor12 × 16 ft

Bedroom 3:Main Floor11 × 11 ft

Bedroom 2:Main Floor11 × 13 ft

Other:Main Floor11 × 14 ft

Kitchen:Main Floor14 × 16 ft

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $109,000 and $126,000.

Similar properties in this area sold on average for: $109,073

Expected to sell very soon! Similar properties sold in 44 days. This home has been on Zoocasa for 73 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Map

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