5231 Pin Oak Drive, Indianapolis, IN 46254

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

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List Price
$220,000
Days on Market
21
Status
ACTIVE
MLS#
22121328
Bedrooms
3
Bathrooms
2
Full Baths
2
Living Area
1,077
Lot Size (Acres)
0.1
Year Built
1992

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

Area
Pike
Subdivision
Gardens North
Taxes
$2,551
HOA Fee
$35
HOA Frequency
Monthly
Stories
One
Interior Features
Attic Access, Cathedral Ceiling(s), Entrance Foyer, Eat-in Kitchen, Walk-In Closet(s)
Garage Spaces
2
Cooling
Central Air, Heat Pump

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Indpls Metro N.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative