5023 S Walcott Street, IN 46227

Property Description

Attention investors! 5023 S Walcott St is a well-maintained, all-brick side-by-side duplex in the quiet Edgewood neighborhood on Indianapolis' south side, within the highly rated Perry Township school system. Both mirror-image units offer 2 bedrooms, 1 bath, and 879 sq ft, with spacious living rooms, eat-in kitchens, laundry rooms, central heat and AC, covered front porches, long concrete driveways, and private backyard storage sheds. Both units are tenant occupied at $1,050/mo each, generating $2,100/mo in gross rent and exceeding the coveted 1% rule! Leases run through summer 2027, utilities are separately metered and tenant-paid, and tenants are also responsible for lawn care, helping keep landlord expenses low. The property sits on a deep, flat .67-acre lot with a peaceful backyard, mature trees, nature views, and a communal fire pit. City water, septic, and no HOA. Roof is estimated at approximately 12 years old and HVAC systems at 14 years old, with everything currently operating properly and well maintained. Conveniently located within 10 minutes of Roncalli High School, UIndy, and shopping/dining along US 31 and Madison Ave, and about 15 minutes from Downtown Indy.