Bedrooms
3
Baths
Sq. Feet
1549
Year Built
1955
Days on Market
13
$/SqFt
$161
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Home Description: 1610 W New York St
Welcome to a rare find! It's not every day you come across a home that exceeds the 1 percent rule for investors. Nestled in the heart of a vibrant healthcare hub, this property boasts proximity to several major hospitals, making it an ideal investment opportunity. IU University Hospital and IU Methodist Hospital/Medical Center are a mere 1 mile away, while Eskanzi Hospital and the VA Hospital are just half a mile away. With such close proximity, this property presents a prime location for healthcare professionals and students alike, with the added benefit of attracting quality tenants. What sets this property apart is its income-generating carriage house in the back. Rent it out to travel nurses or utilize it as an Airbnb-the choice is yours. Either way, you're looking at instant cash flow. Combined with the front house, you can easily command $3,000+ a month in rental income. With a total of 3 bedrooms and 3 bathrooms spread across both the main house and carriage house, this property offers versatile living options for tenants. The main house features a fully renovated kitchen with brand new stainless steel appliances and sleek quartz countertops. Each bathroom in both the main and carriage houses has been meticulously updated for comfort and style. Moreover, all mechanicals have been updated, ensuring efficiency and reliability for years to come. This property also presents a fantastic opportunity for house-hacking, where you can live in the front house and rent out the back, potentially cutting your mortgage in half. Beyond its lucrative potential, this property is strategically located near downtown, the IUPUI campus, the zoo, and numerous amenities. Don't miss out on this investment opportunity in a rapidly evolving neighborhood. Take the plunge and secure your stake in this promising venture today.
Approximate Room Sizes / Descriptions
Neighborhood
The average asking price of a 3 bedroom Indianapolis home in this zip code is $291,551 (16.6% more than this home).
This home is priced at $161/sqft, which is 6.4% less than similar homes in the 46222 zip code.
Map Map | Street Street | Birds Eye Birds Eye
1610 W New York St Indianapolis IN 46222
Similar to: 1610 W New York St
For Sale Near: 1610 W New York St
School Information
Financial
Area Stats
These statistics are updated daily from the Metropolitan Indianapolis Board of REALTORS® Multiple Listing Service. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (317) 795-9896 and speak with one of our real estate consultants.
Listing Courtesy of Keller Williams Indpls Metro N.
1610 W New York St, Indianapolis IN is a single family home of 1549 sqft and is currently priced at $249,999 . This single family home has 3 bedrooms. A comparable home for sale at 1024 N Belleview Pl in Indianapolis is listed at $140,000. This home on 1610 W New York St has decreased in price by $10,000 and the last change was on 5/10/2024. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures in Indianapolis, IN. Eagle Ridge, Haughville and Speedway City are nearby neighborhoods. MLS 21976663 has been posted on this site since 5/1/2024 (18 days ago).
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