2062 N Park Ave Indianapolis IN 46202 MLS 21998205

Home Description: 2062 N Park Ave

Unique home-buying opportunity on the coveted near north side of downtown Indianapolis. In addition to the two story, single-family home, which includes a fully finished basement, is a studio apartment above the detached 3-car garage. A homeowner can offset a substantial amount of their mortgage by living in one dwelling and renting the other. Located across from MLK Jr Park, the property offers a more tranquil setting amidst all the hustle and bustle from downtown living. A covered front porch and a covered second story balcony off the master bedroom overlook the park. The back concrete patio is fully enclosed with a cedar shadow box fence and is ready for entertaining. The main house boasts an open-concept main level with the kitchen, dining and living areas all combined together. A room for a home office sits just inside the front door and porch. The upstairs contains a master bedroom (including the walk-out balcony), master bathroom, two additional bedrooms, another full bathroom, and a loft area. The finished basement is separated into two rooms, both with exterior windows, and offers flexibility in how its used. The larger room contains a wet bar and full bathroom, inclusive of a shower stall. The second room tucks away the house mechanicals and washer and dryer in a closet to allow for additional utility and use in the room. The studio apartment is an incredible alternative for downtown Indianapolis renters looking at studio or 1-bedroom units. The apartment comes fully equipped with kitchen appliances, washer and dryer, an open-concept living area, and an attached single bay garage (the two bay garage is for the main house). This is a unique opportunity to acquire two dwellings on one parcel and to start (or further) a real estate portfolio. The opportunity for day one rental income, as part of, but still separate from your primary residence, is rare and overlooked.