5231 Pin Oak Drive, Indianapolis, IN 46254
- $220,000
- 3
- BD
- 2
- BA
- 1,077
- SqFt
- List Price
- $220,000
- Mandatory Fee
- $35
- Mandatory Fee Paid
- Monthly
- MLS#
- 22121328
- Property Type
- Residential
- Bedrooms
- 3
- Bathrooms
- 2
- Sqft. of Residence
- 1,077
- Year Built
- 1992
- Days on Market
- 0
- Status
- ACTIVE
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
- Foundation
- Slab
- Number of Fireplaces
- 1
- Fireplace Description
- Great Room, Wood Burning
- Stories
- One
- Architecture
- Ranch
- Equipment
- Smoke Alarm
- Interior
- Attic Access, Cathedral Ceiling(s), Entrance Foyer, Hi-Speed Internet Availbl, Eat-in Kitchen, Walk-In Closet(s), Wood Work Painted
- Acres
- 0.10
- Heat
- Forced Air, Heat Pump, Electric
- Cooling
- Central Air, Heat Pump
- Financing
- Conventional
- Appliances
- Dishwasher, Dryer, Disposal, MicroHood, Microwave, Electric Oven, Refrigerator, Washer, Electric Water Heater
- Mandatory Fee Includes
- Entrance Common, Insurance, Maintenance, ParkPlayground, Management, Snow Removal, Trash
- Semi-Annual Taxes
- $2,551
- Garage
- Yes
- Garage Parking
- Keyless Entry
- Region
- Pike
- Eating Areas
- Dining Combo/Kitchen
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Listing courtesy of Keller Williams Indpls Metro N.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative