3649 Graceland Ave

Indianapolis IN 46208

1549 sq. ft.

4400 sq. ft.

Single-Family

Currently for sale - view listing

Overview

This charming 1.5-story home blends historic character with modern updates and strong investment appeal. Featuring newer HVAC, electrical, plumbing, roof, windows, and siding, the major systems have already been taken care of, offering peace of mind for years to come. The kitchen showcases updated cabinetry, countertops, and appliances with ample storage space, while the main level includes a versatile office/den or TV room, a convenient half bath, and a separate laundry room, all finished with durable waterproof laminate flooring. Upstairs, you'll find two spacious bedrooms and an impressive amount of additional closet space not included in the listed square footage, adding even more functionality to the home. Outside, enjoy relaxing on the expansive covered front and back porches, along with the convenience of off-alley parking for two vehicles. The property also features a fully fenced-in backyard with a privacy fence, providing a great outdoor space for tenants or future occupants. Currently rented at $1,500/month through January 2027, this is a turnkey, income-producing asset from day one. With minimal maintenance needs and all major updates already completed, this property offers an easy, effortless buy-and-hold opportunity with essentially zero deferred maintenance. Affordable, stylish, and fully stabilized-this one is truly a set-it-and-forget-it investment that won't last long.