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Off Market

3408 Winthrop Avenue

Indianapolis IN 46205

9583 sq. ft.
Other
Last sold for $365,000
Morgan ThompsonMorgan Thompson, last sold this property on 24 July 2024 after 36 days on market.

Overview

This is the inventory you've been looking for! Discover this fully renovated multi-unit opportunity for both investors and house hackers alike. Nestled in the desirable Mapleton-Fall Creek neighborhood, this property features upgrades, including a new roof, new windows, and new LVP flooring throughout. Modernized appliances, HVAC systems, plumbing, and electrical work as well. The property features 3 kitchens, 4 total bathrooms, and 5 "bedrooms" catering to the needs of multiple uses. There is ample parking space for a large number of occupants as well. The main unit offers a spacious layout with three bedrooms, two bathrooms, abundant closet and pantry space, and an in-unit washer and dryer. Additionally, a versatile studio or guest/office space is located at the back of the property, complete with a private entrance, in-suite kitchen, and full bathroom, perfect for visitors, tenants, or a small business. The expansive upstairs area includes one bedroom, one bathroom, and a dedicated office/flex space. This property is not only a fantastic investment, but also a perfect solution for those looking to offset their mortgage with rental income. The property is on 3 separate electric meters and 1 water meter. The anticipated target rent is approx $1,800, $1,100, & $800 = $3,700. The property is fully vacant and being sold in AS IS condition.

Features

9583 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar other properties sold in Indianapolis over the last 12 months.

Property history for 3408 Winthrop Avenue

2024
Sold
$365,000
24 Jul 2024 by Morgan Thompson, of JUST LIV, LLC
2022
Sold
$147,000
28 Mar 2022 by Catherine Torzewski, of Slate Realty, LLC

Happy sellers in Indianapolis

90%
90% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Indianapolis over the last 12 months.

Local market activity for other properties in Indianapolis

In the last 12 months, 1 other similar to 3408 Winthrop Avenue, have been sold.

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