Price Reduction - Primary on Main
Address
1145 Madeira Street, Indianapolis, IN
Price
$ 124,900
Property Attributes
  • MLS#22111656
  • TypeSingle Family
  • Listing Status Active
  • CountyMARION
  • CityIndianapolis
  • AreaCenter
  • NeighborhoodHosbrook Prospect
  • Zip46203
  • StyleBungalow
  • Year Built1970
  • Taxes$ 1396
  • Price$ 124,900
  • Bedrooms3
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1104
  • Lot Size0.1 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description

Excellent opportunity to add a cash-flowing investment property to your portfolio! This 3-bedroom, 1-bathroom home is tenant-occupied with a long-term lease in place at $1,250 per month through January 31, 2027, providing immediate rental income from day one. The current tenants have been reliable, pay rent consistently, and have been low-maintenance residents, making this a truly turnkey investment for the next owner. In accordance with tenant rights and to respect their quiet enjoyment of the property, showings will be scheduled only after an accepted offer. Please note that the washer, dryer, range, and refrigerator are owned by the tenants and will not convey with the sale. Whether you're an experienced investor looking to expand your portfolio or seeking a stable income-producing property, this home offers an excellent opportunity with an established tenancy already in place.

Price History
7/13/2026 Listed $130,000
8/28/2026 4$124,900

General Features

Heating Forced Air,Natural Gas
Cooling Central Air
Utilities Cable Connected
Possession Subject To Tenant Rights
Appliances None,Gas Water Heater
Architectural Style Bungalow
Construction Materials Vinyl Siding
Year Built 1970
Township Center
Levels One
Property Subtype Single Family Residence
Tax Year 2024
County Marion
New Construction No
Property Type Residential
HOA No
Subdivision Name Hosbrook Prospect
Garage Y/N No
Total Rooms 5
Full Baths 1
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 4182
Property Attached Y/N No
Standard Status Active
Tax Lot 491017101124000101
Legal Description Hosbrook Prospect St Add L81 & S1/2 L82

Interior Features

Interior Amenities Attic Access
Basement (Y/N) No
Total Bedrooms 3
Main Level Bedrooms 3
LivingAreaSource Assessor
Total Baths 1

Exterior Features

Parking Features None
Lot Features Sidewalks,Mature Trees
Water Source Public
Foundation Details Block
Building Area Total 1104
Lot Size Acres 0.1
Other Equipment None
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 46203

Price
AVG $280K
$120K
Taxes
AVG $3,293
$1,396
Year Built
AVG 1947
1970
Visits
AVG 103
39
Data Provided by Inside Real Estate®

Your Agent

Mike Deck

Associate Broker

317-339-2830

Listed By
Ashley Marino with Berkshire Hathaway HomeServices;