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1661 N Pasadena Street Indianapolis IN 46219
- 2
- Bedrooms
- 1
- Baths
- N/A
- SQ. Feet
(Above Ground)
- 0.16
- Acres
Turnkey Cash-Flow Rental - Exceeds 1% Rule Asking Price: $145,000 Current Rent: $1,500/month + $200/month pet fee Total Monthly Income: $1,700/month Property Details 2 Bedrooms 1 Bathroom 1,470 total sq ft 735 sq ft main level 735 sq ft basement Built in 1956 Investment Highlights Exceeds the 1% rule Strong in-place cash flow Tenant in place Turnkey opportunity Recent Updates New flooring throughout Updated kitchen and appliances prior to current tenant placement New gas lines New plumbing Updated bathroom fixtures New water heater Roof approximately 10 years old Why This Deal Works Immediate cash flow with additional pet fee income Solid rent-to-price ratio Larger total square footage with basement space Minimal deferred maintenance based on recent updates.
Property Details
Interior Features
- Appliances: Gas Oven, Refrigerator
- Cooling: Wall Unit(s)
- Heating: Forced Air, Natural Gas
Exterior Features
- # Acres: 0.16
Listing Office: Amr Real Estate Llc
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Listing information last updated on March 22nd, 2026 at 7:13am EDT.
