1633-1635 N New Jersey Street, Indianapolis, IN 46202
- $838,900
- List Price
- $838,900
- Price Change
- ▼ $91,000 1780959579
- MLS#
- 22087817
- Days on Market
- 143
- Status
- ACTIVE
Property Description
Premier Herron-Morton Investment: Dual Townhomes with a Premium 1 Bedroom Carriage House. This exceptional dual-residence property at 1633 & 1635 N New Jersey St offers a rare blend of turn-key living and high-performance investment potential in one of Indianapolis's most coveted historic districts. The main structure features two distinct, updated townhomes, each offering a spacious 2BR/2BA layout. Each side welcomes you with a deep, covered front porch leading into a seamless, modern interior highlighted by updated finishes, generous living areas, and gourmet kitchens. Beyond the interiors, each unit enjoys the luxury of a private, spacious fenced-in backyard. Adding unparalleled value is the massive 3-car detached garage topped by a fully-appointed 1BR/1BA carriage house. This unit provides 716 sq ft of additional living space, perfect for a high-end short-term rental, a long-term tenant, or a private guest retreat. One side is currently vacant for an owner-occupant or a new tenant, while the other is occupied for immediate cash flow at $2,399/month. The entire home is currently generating $3,834/month with a projected pro-forma potential of $6,433/month. Ideally located steps from Tinker Street, Foundry Coffee, Kroger and much more. Whether you are looking for a sophisticated "house-hack" or a flagship addition to your portfolio, this property delivers a perfect blend of performance and prestige. ***Carriage House photos are from a similar unit***
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Additional Information
- Expenses
- 12528
- Tenant Pays
- All Utilities, Electricity, Gas, Insurance, Sewer, Water
- Owner Pays
- Taxes, Trash Collection
- Basement
- Unfinished
- Foundation
- Concrete Perimeter, Block
- Stories
- Two
- Architecture
- Traditional
- Exterior Amenities
- Carriage/Guest House, Balcony
- Acres
- 0.14
- Heat
- Forced Air, Natural Gas
- Cooling
- Central Air
- Financing
- Conventional, FHA, VA
- Region
- Center
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Listing courtesy of Trueblood Real Estate.
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