1610 W New York St Indianapolis IN 46222 MLS 21976663

Home Description: 1610 W New York St

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.