1401 Castle Ave, Indianapolis, IN 46227

Home Description

This property is a double threat, it would make a great property to make your future primary residence, great quiet neighborhood and beautiful corner lot with great yard or purchase as an investment property and rent to University of Indianapolis students, home was previously rented to 6 students and market rate is currently $500 per student. That's 3,000 per month in income and current owner is always getting calls to rent this property, its only 5 minute walk to campus. This is a great ranch style, limestone exterior 4 bed 2.5 bath home very spacious in size with finished basement area and 2 car attached garage, fenced in back yard. Interior has large family room, separate dining area and a fireplace on the first floor and in the finished basement. This property can also qualify for 100% financing with no mortgage insurance with a 680 credit score....feel free to ask for more information on this program.