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(SOLD) $276,000

1610 W New York Street Indianapolis, IN  46222

  • 3 Beds
  • 3 Baths
  • 1,549 sq. Ft

Property Description for 1610 W New York Street Indianapolis, IN 46222

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.
QuickBuy option for home selling

Address:1610 W New York Street Indianapolis IN 46222
Status:Sold
Sold On: 6/4/2024
Price:$249,999
Bedrooms:3 Beds
Bathrooms:3 Full Baths
Sq. Feet:1,549
Year Built:1955
Lot Size:0.10
County: Marion
Township: Center
MLS #:21976663
Property Type:Single Family Residence

Lot Dimensions:4400
Lot Features:Corner Lot
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :1,449
Total Sq. Ft. :1,549
Basement:Yes

Loan Price
$1,571
Price And Interest $1,440/month
Property Tax $16/month
MTG INS $0/month
HOME INS $115/month
Price
$276,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$16/month
Home Owner Insurance
$1,380 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Living Room 14x12 Main
Primary Bedroom 14x13 Main
Kitchen 13x12 Main
Bedroom 2 12x12 Main
Laundry Room 8x9 Main
Bedroom 3 11x14 Main

Semi-Annual Property Tax:$097
Tax Year:2023
Mandatory HOA Fee:$

Area: 4914 - Marion - Center Sw
City:Indianapolis
Subdivision: Stringtown
Zip Code:46222

Total Sq. Ft.:1,549
Interior Features:Hardwood Floors, In-Law Arrangement, Eat-in Kitchen
Eating Area(s):None
Appliances:Dishwasher, Electric Oven, Refrigerator
Exterior Type:Vinyl Siding
Cool:Central Electric
Heat:Forced Air
Water Heater:Dishwasher, Electric Oven, Refrigerator
Total Rooms:5
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Michelle Romano-Moss with Keller Williams Indpls Metro N from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 04/29/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Indianapolis Market Report

109
Avg. DOM
$187.92
Avg. $ / Sq.Ft.
$ 389,000
Med. List Price

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $20,825.47. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Indianapolis are going Down. The average house price is $269,000.00 and the average price per square feet is $156.25 per square feet. At the moment, the amount of homes listed is exactly 13891 houses, with 2412 with active status, 1216 with pending status and 10263 sold in Indianapolis .

The most popular place to buy a home in Indianapolis is 4903 - Marion - Washington. 4903 - Marion - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Indianapolis .

The average amount of property taxes you would have to pay for a home in Indianapolis is $3,194.02. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Indianapolis are staying listed for an average of 68 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Indianapolis was 917 minutes ago.

At the moment we have 105 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $7,750,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Indianapolis is $45,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Indianapolis in year 1827 and the newest built house is in year 2025.

The average size of properties in Indianapolis is 2112.74 sq.ft. , the biggest one being 13549 sq.ft. and the smaller being 252 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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