1732 S STATE ROAD 135, GREENWOOD, IN 46143

Turnkey duplex opportunity in the El Dorado Estates area with strong rental upside and minimal rehab needed. This multi-family (2-unit) property offers 1,608 sq ft total, with both units featuring 2 bedrooms, 1 bath layouts. The units are mirror images, making management and renovations straightforward. Value-Add Potential: Rents are significantly below market. Increasing to ~$1,200–$1,400 per unit creates strong cash flow and equity upside. Mechanics: Roof — 8 years old, Furnace — 13 years old (both units), A/C — 2 years old (one unit) / 13 years old (other), Water Heaters — 8 & 13 years, Vinyl Windows, Crawl space foundation. 1-car attached garage, Large 17,903 sq ft lot, Tenants pay utilities (electric, gas, water). With minimal rehab needed and significant rental upside, this property is ideal for investors looking to force appreciation through rent increases or stabilize a strong cash-flowing asset.