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601 N Sherman Dr

Indianapolis IN 46201

4
5619 sq. ft.
Duplex
Currently for sale - view listing

Overview

Rehabbed, income-producing duplex offers a great opportunity in a rapidly developing area of Indianapolis. This move-in ready property features two spacious 3 bed, 1 bath units with open concept floor plans and basements on each side, including washer/dryer connections for added tenant convenience. One unit is currently rented at $1,200/month, making this an ideal opportunity for investors looking for immediate income and a property that meets the highly sought-after "1% rule." Major capital improvements have already been completed, including new roof, gutters, and siding in 2021, new sewer line and plumbing in both units, updated HVAC systems with central AC replaced in 2020 and 2022, plus new interior paint and flooring throughout. Unit 603 was fully renovated in 2021. Located near an IndyGo bus stop and offering quick access to downtown Indianapolis and major highways, this duplex combines location, updates, and rental appeal into one strong investment opportunity.

Features

4 carspaces
4 garage spaces
5619 sq. ft. lot size
Duplex

Property history for 601 N Sherman Dr

2019
Sold
$48,000
30 Dec 2019 by Charlene Gaard, of No Limit Real Estate, LLC

Happy sellers in Indianapolis

92%
92% 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 5 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 173 duplexes similar to 601 N Sherman Dr, have been sold.

This represents a 63% decrease in duplexes sales when compared to the previous 12 months.

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