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(SOLD) $377,000

6721 Riverfront Avenue Indianapolis, IN  46220

Property Description for 6721 Riverfront Avenue Indianapolis, IN 46220

Welcome to WATERFRONT living. Start your day with picturesque views of the White River from your private boat dock! This is a unique opportunity for investors and homeowners alike featuring two fully furnished, cash flowing homes that are separately metered and currently housing Airbnb guests. Adjacent vacant lot presents exciting opportunities to expand - Whether you envision constructing a new build, adding tiny homes, camping under mature trees, or creating a recreational space like a pickleball court, this lot offers the flexibility to enhance the property's value and appeal. Located close to major shopping amenities and Broadripple, the homes feature 2 bedrooms in one unit, studio in the other, with updated LVP flooring, bathroom remodel, deck with a serene view of the river and new plumbing to the septic system. Take advantage of cashflow from day 1 or live in one unit and rent out the other to reduce mortgage payments. This turnkey opportunity includes all furniture, decor, and Airbnb inventory, with future bookings for the studio through October. Schedule your showing today and explore the endless possibilities this waterfront gem has to offer!
QuickBuy option for home selling

Address:6721 Riverfront Avenue Indianapolis IN 46220
Status:Sold
Sold On: 8/9/2024
Price:$385,000
Bathrooms:0
Year Built:1920
Lot Size:0.23
County: Marion
Township: Washington
MLS #:21985142
Property Type:Duplex

Lot Dimensions:10019
Road Access:Not Applic
Lot Features:Mature Trees
Building Utilities:Septic System
Directions:GPS Friendly

Loan Price
$2,468
Price And Interest $1,967/month
Property Tax $344/month
MTG INS $0/month
HOME INS $157/month
Price
$377,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$344/month
Home Owner Insurance
$1,884 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$2,062
Tax Year:2023
Other Disclosures:Flood Insurance Required, Flood Plain
Mandatory HOA Fee:$

Area: 4903 - Marion - Washington
City:Indianapolis
Subdivision: Island Park
Zip Code:46220

Exterior Features:Outdoor Fire Pit, Storage Shed
Exterior Type:Wood
Cool:Central Electric
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 Mihir Bhimaraju with Real Broker, LLC from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 06/13/2024 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 1253 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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