IN > Indianapolis > Arthur V Brown S East Meridian H
Indianapolis, IN 46208,4652 N Kenwood AVE
Indianapolis, IN 46208,4652 N Kenwood AVE
Indianapolis, IN 46208,4652 N Kenwood AVE
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Listed by Elizabeth Ewbank • Highgarden Real Estate
$550,000
Est. payment /mo
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8,276 Sqft Lot
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4652 N Kenwood AVE Indianapolis, IN 46208

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Chris Buckely

Chris Buckely

+1(312) 313-5553

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Arthur V Brown S East Meridian H

MLS Listing ID 22048154

Year Built 1940

Tax Year 2024

Lot Size 8,276 Sqft

Acres 0.19

Property Sub-Type Duplex

Property Description

This 3,100+ SF Butler-Tarkington duplex has been beautifully renovated and updated with all the modern conveniences while maintaining its historic charm. Both sides are currently rented to great tenants with timely payment histories with an annual gross rental income of $45,600. There are separate HVAC, electric, and water meters for each unit, plus each unit has its own dedicated, enclosed garage bay with overhead garage door openers and extra off-street parking in the long driveway. The location is incredible; this duplex is nestled on a quiet street surrounded by established homes in Washinton Township- about a block away from the Indiana Governor's Mansion and within easy walking distance to both Butler University and Meridian-Kessler amenities & just 10 minutes from downtown. The hardwoods, original woodwork, built-ins and vintage glass doorknobs create a warmth and character hard to match. On both sides, the kitchens have updated appliances that convey, and there are laundry hook-ups in the large basement that offers dedicated storage areas for each unit. Another huge convenience is that each side has a half bathroom on the main level in addition to the (fully renovated) full bathrooms upstairs. In unit 1 (4652 N Kenwood Avenue), the elegant double doors in the family room lead out to a covered porch perfect for enjoying the spacious yard and mature trees. In unit 2 (137 W 47th Street), there is a spacious screened-in porch with access to a private backyard. Both units have stately living rooms with fireplaces, plus another large room that serves as extra living space for use as a second living room, a study or dining room! Don't miss out on this updated, cash-flowing investment located in an established area with strong appreciation potential, NOI of over $29,000 annually (after accounting for professional property management, insurance & property taxes) with a strong GRM of 12, right in line with comps. Appraised at $550K.

Location

State IN

County Marion

Interior

Heating Forced Air, Natural Gas

Fireplace N

Exterior

Garage Spaces 2.0

Building

Story Two

Architectural Style Craftsman

Structure Type Brick,Vinyl Siding

New Construction false

New Construction false

Schools

Elementary Schools Center For Inquiry School 84

School District Indianapolis Public Schools

MIBOR MLS
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Chris Buckely

IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311

+1(312) 313-5553

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4652 N Kenwood AVE

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