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Listed by Peter Stewart • Keller Williams Indpls Metro N
$ 239,900
Est. payment | /mo
9,583 Sqft Lot
$ 239,900
Est. payment | /mo
9,583 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Subdivision Longden
MLS Listing ID 22097398
Year Built 1965
Tax Year 2025
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Duplex
Property Description
Rare turnkey investment opportunity at 620-622 Brewer Place! This all-brick ranch duplex occupies a premium .22-acre corner lot in a quiet residential area where multi-family inventory is exceptionally scarce. Built in 1965-significantly newer than the area average-the property features two 1-bed/1-bath units (640 sq. ft. each) equipped with central HVAC and durable, low-maintenance ceramic tile flooring. Both units are fully tenant-occupied at $1,000/mo (expires 6/30/26) and $960/mo (1/31/27), offering immediate cash flow with a streamlined utility structure: gas and electric are separately metered, and tenants reimburse for water/sewer. While currently updated and professionally managed by the Wilmoth Group, there is clear upside to further increase equity and rents through light cosmetic refreshments. Located in a proven south-side rental corridor, this property offers strong fundamentals for investors with close proximity to major employment drivers like St. Francis Hospital South and surrounding medical offices, supporting consistent tenant demand. Tenants will also benefit from easy access to the dense retail and dining options along the US-31 corridor, including Greenwood Park Mall, and the revitalizing Old Town Greenwood district. With quick connectivity to I-65 and an approximately 15-20 minute commute to Downtown Indianapolis, this location appeals to a wide tenant base, contributing to stable occupancy and long-term appreciation. Featuring no HOA, an asphalt driveway for ample off-street parking, and walkability to Northeast Park, this is a high-performance addition to any portfolio.
Location
State IN
County Johnson
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
View Y/N false
Roof Type Asphalt
Building
Story One
Foundation Crawl Space
Structure Type Brick
New Construction false
Schools
School District Greenwood Community Sch Corp
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