8315 E 36th PL Pending Save Request In-Person Tour Request Virtual Tour
Indianapolis,IN 46226
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 1,181 sqft
Price per Sqft $101
Subdivision North Eastwood
MLS Listing ID 22015467
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N No
Year Built 1960
Tax Year 2023
Lot Size 0.330 Acres
Acres 0.33
Property Description
Investor alert! This is your opportunity to secure a cash-flowing property with built-in upside potential. Currently rented at $900 per month through January 2025, this turnkey 3-bedroom, 1.5-bath ranch home provides immediate income and a strong foundation for long-term gains. Once the lease expires, you can adjust the rent to match current market rates-or go even further and tap into the Section 8 program. With the IHA rate for a 3-bedroom property in Marion County at $2,110, you'll quickly surpass the coveted 1% rule and significantly boost your monthly cash flow. Located on the far east side of Indianapolis, your tenants will appreciate the convenience of being just minutes from Pendleton Pike's abundant shopping and dining options, close to the expansive Fort Harrison State Park for weekend recreation, and near major freeways for easy commutes. Dubarry Park is only a few blocks away, adding to the property's appeal. Plus, the newly installed HVAC system ensures low-maintenance comfort. Whether you're new to real estate investing or looking to add a stable, cash-flow-focused asset to your portfolio, this property is already working for you-and there's room to grow. Don't let this rare opportunity slip by!
Location
State IN
County Marion
Rooms
Main Level Bedrooms 3
Interior
Interior Features Entrance Foyer,Eat-in Kitchen
Heating Forced Air,Gas
Cooling Central Electric
Fireplace Y
Appliance Dishwasher,Dryer,Electric Water Heater,Electric Oven,Range Hood,Refrigerator,Washer
Exterior
Exterior Feature Storage Shed
Garage Spaces 1.0
Utilities Available Cable Connected,Gas
View Y/N false
Building
Story One
Foundation Slab
Water Municipal/City
Architectural Style TraditonalAmerican
Structure Type Aluminum Siding
New Construction false
Schools
School District Indianapolis Public Schools