4405 Prospect Street, Indianapolis, IN 46203 (MLS # 22099054)

Price $195,900
Status Active
Beds 4
Baths 1 Bath
Home size 960 sqft
Lot Size 11,326 sqft
Days on Market 12
Investment Opportunity with Strong Cash Flow, this is it! Immediate income with this fully renovated 4-bedroom, 1-bath investment property. With lease in place through IHA at $2,310/month which aligns with key investor benchmarks. Move-in date of May 8, 2026. The home has been completely gutted down to the studs and thoughtfully remodeled from top to bottom, offering peace of mind and low maintenance for years to come. Major upgrades include, new metal roof, all-new mechanicals, updated electrical with a 200-amp panel, and a mini-split system with supplemental heat making this property incredibly cost-effective. Inside, the property features luxury vinyl plank flooring throughout, a beautifully updated kitchen with granite countertops, new cabinetry, stainless steel appliances, and modern finishes, plus recessed lighting and contemporary touches that elevate the entire space. The functional layout offers four bedrooms, providing flexibility and strong rental appeal. Additional improvements such as new windows, exterior siding, and a tankless water heater offer enhanced efficiency and long-term value. Whether you're expanding your portfolio or securing your first investment, this is a true turnkey opportunity with built-in returns from day one.
Property Type(s): Single Family
Last Updated 5/1/2026 Tract No Subdivision
Year Built 1949 Community 4910 - Marion - Center
County Marion

SCHOOLS

Elementary School Christian Park School 82
High School Arsenal Technical High School

Additional Details

AIR Dual, Wall Unit(s)
AIR CONDITIONING Yes
APPLIANCES Electric Oven, Microwave, Refrigerator
AREA 4910 - Marion - Center
BASEMENT Crawl Space
CONSTRUCTION Vinyl Siding
HEAT Electric, Wall Furnace, Zoned
INTERIOR Eat-in Kitchen, Vaulted Ceiling(s)
LOT 0.26 acre(s)
PARKING On Street
STORIES 1
STYLE Ranch
SUBDIVISION No Subdivision
UTILITIES Electricity Connected, Sewer Connected, Water Connected
WATER Public

Location

 

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