4652 N Kenwood Avenue, Indianapolis, IN 46208

Property Description

This 3,100+ SF duplex is perfect for an investor looking for a rental in an established area with strong appreciation potential or a savvy buyer ready to house hack by living in the larger side and enjoying the on-time, steady stream of rental income from the right side. This home has been beautifully renovated and updated with modern conveniences while maintaining its historic charm and feels more like a home than a rental. The hardwoods, original woodwork, built-ins and vintage glass doorknobs create a warmth and character hard to match. In addition to the benefit of highly-rated Washington Township schools, this duplex is nestled on a quiet street surrounded by elegant homes- about a block away from the Indiana Governor's Mansion and equidistant to both Butler University and Meridian-Kessler amenities & just 10 minutes from downtown. The annual gross rental income is $45,600 with both sides rented, but the left side will be open by end of November. There are separate HVAC, electric, and water meters for each unit, and there is plenty of parking in the detached two-car garage bay with overhead garage door openers and extra off-street parking in the long driveway. On both sides, the kitchens have updated appliances that convey, and there are laundry hook-ups in the large basement that offers dedicated (and huge) storage areas for each unit. Another convenience is that each side has a half bathroom on the main level in addition to the (fully renovated) full bathrooms upstairs. In unit 1 (4652 N Kenwood Avenue), the elegant double doors in the family room lead out to a covered porch perfect for enjoying the spacious corner lot and mature trees. In unit 2 (137 W 47th Street), there is a cozy, screened-in porch with access to a private backyard. Both units have stately living rooms with fireplaces, plus another large room that serves as extra living space for use as a second living room, study or dining room! Ask your realtor for the full list of features/details!