Investor-friendly, turnkey rental opportunity on the near eastside of Indianapolis. Located at 2919 E New York St in the revitalizing Englewood neighborhood, this tenant-occupied single-family home offers immediate cash flow with a long-term lease in place. The current tenant pays $1, 399 per month, lease runs through 12/9/26, and the tenant covers all utilities and lawn care-making this a low-maintenance investment from day one. It is professionally managed by PMI. This 1.5-story home features 4 bedrooms, 2 full bathrooms, and approximately 2, 068 square feet of living space, situated on a .10-acre corner lot. Highlights include a covered front porch, large living room with high ceilings throughout the main level, main-level bedroom with en-suite bath, a second main-level bedroom with an accessible full bath, and a spacious kitchen with room for a dining table or island. Two additional bedrooms are located upstairs, along with a main-level laundry room and a large rear bonus room ideal for storage, a craft space, or flex use. The home also includes a small unfinished basement for mechanicals and storage, a fully fenced rear yard with privacy fencing, and a detached 2-car garage. The property has been recently remodeled and is truly turnkey. Updates include new flooring throughout (laminate on the main level, carpet upstairs), updated bathrooms, fresh paint, new light fixtures, new kitchen appliances, and a fully updated electrical system including panel and wiring. No HOA! Conveniently located less than 10 minutes from downtown Indianapolis and near major redevelopment including the new Community Justice Center, with quick access to Fountain Square, Fletcher Place, and surrounding amenities. A solid, stabilized rental in an area with continued upside.
