5231 Pin Oak Drive, IN 46254

$220,000
3
BD
2
BA
1,077
SqFt

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Sold Price
$220,000
List Price
$220,000
Status
SOLD
Days on Market
42
Closing Date
Oct 02, 2026
MLS#
22121328
Subtype
Residential
Year Built
1992
Bedrooms
3
Bathrooms
2
Full Baths
2
Living Area
1,077
Acres
0.10
Subdivision
Gardens North
MLS Area Major
Pike

Property Description

Exceptional turnkey opportunity for savvy investors or future owner-occupants! Situated on a prime .10-acre corner lot in a quiet cul-de-sac, this beautifully refreshed 3-bedroom, 2-bath, 1,077 sq ft ranch at 5231 Pin Oak Drive delivers immediate cash flow and effortless ownership. The interior showcases extensive updates completed within the last year, including modern luxury vinyl plank flooring throughout and crisp, neutral interior paint. Major mechanical updates offer long-term peace of mind, highlighted by a brand-new AC unit paired with a furnace estimated at only 1-2 years old, providing a virtually new full HVAC system. The single-level layout maximizes functional living space, making it easy to maintain and highly appealing to tenants and future residents alike. The property is being sold with a reliable tenant in place generating $1,600/month in steady rental income through December 31, 2026. Enjoy true hands-off management: the tenant covers all utilities and is fully responsible for lawn care. Whether you are looking to expand your rental portfolio with a low-maintenance, income-producing asset from day one or secure a move-in-ready home to occupy at lease-end, this updated Indianapolis ranch represents a smart, versatile addition to your portfolio. Schedule your showing today!

Additional Information

Interior Features
Attic Access, Cathedral Ceiling(s), Entrance Foyer, Eat-in Kitchen, Walk-In Closet(s)
Taxes
$2,551
HOA Fee
$35
HOA Freqency
Monthly
HOA Includes
Entrance Common, Insurance, Maintenance, ParkPlayground, Management, Snow Removal, Trash
Financing
Conventional
Appliances
Dishwasher, Electric Water Heater, Disposal, MicroHood, Microwave, Electric Oven, Refrigerator
Air Conditioning
Central Air, Heat Pump
Stories
One
Foundation
Slab
Garage Spaces
2

Listing courtesy of Peter Stewart. Keller Williams Indpls Metro N

Selling Office: Highgarden Real Estate.

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.