1403 S New Jersey Street, Indianapolis, IN 46225

This offering features two separate homes on one parcel, providing flexibility for rental operations or redevelopment. Home #1 has been fully renovated and is presented as turnkey and rent-ready, taken down to the studs with new electrical, plumbing, HVAC, windows, siding, and a newer roof. The home is furnished and includes 2 bedrooms, 1.5 baths, a dedicated laundry area, a living room, and a formal dining room.

Home #2 is located on S New Jersey Street in Bates-Hendricks and has already received new siding, new windows, and a newer roof, while also being taken down to the studs. The next owner has the ability to complete the interior to their specifications, with potential layouts including 3 bedrooms and 2.5 baths with attic space, or an option to add a loft for additional living space. Properties with two homes on one lot are described as especially uncommon in this area, with the property noted as near downtown.

Home #1 has recently rented for $2,000 per month, with the landlord paying all utilities, supporting use as a long-term rental or short-term rental operation. With a second unit positioned for customization or redevelopment, the property may fit investors and owner-occupants interested in house-hacking, operating STR/Airbnb-style stays, or finishing Home #2 for an additional income stream.