Homes for sale - 8315 E 36th PL, Indianapolis, IN 46226

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Valerie Sullivan

val@valyourgal.com +1(317) 697-1219

Listed by Peter Stewart • Keller Williams Indpls Metro N

$ 120,000

Est. payment | -/mo

3 Beds

2 Baths

1,181 SqFt

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$ 120,000

Est. payment | -/mo

Save Virtual Tour

3 Beds

2 Baths

1,181 SqFt

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

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Valerie Sullivan

REALTOR®

val@valyourgal.com

+1(317) 697-1219

8315 E 36th PL Indianapolis, IN 46226

Valerie Sullivan

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

8315 E 36th PL