FOR SALE BY OWNER
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8035 Red Barn Cir, Indianapolis, IN 46239
8035 Red Barn Cir, Indianapolis, IN 46239, Indianapolis, IN 46239
$247,500
$174/sq ft
3 Beds
2.0 Baths
1,422 Sq Ft
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About This Property
Attractive 3-bedroom, 2-bathroom ranch-style single-family home offering approximately 1,422 square feet of comfortable living space on a quiet cul-de-sac in Franklin Township (Galludet / Wildcat Run area).
This well-located property features a practical split floor plan that provides enhanced privacy, with a master suite that includes both a tub and shower. Enjoy a large backyard with a concrete patio ideal for outdoor living or entertaining. The home includes an attached garage and modern conveniences such as EV charging readiness and a WiFi-enabled video doorbell.
Residents benefit from community amenities including an HOA swimming pool and playground. Conveniently situated near the new Kroger on Southport Road, within walking distance of the Franklin Road Library, and close to local schools and parks.
Important investment note: The property is currently tenant-occupied. The existing lease runs with tenant rights through approximately April 2027 (noted as April 31st). The new owner will assume the lease and receive $1,700 per month in rental income. This makes the home an excellent turnkey investment opportunity with immediate cash flow.
Priced right around current market estimates (Zestimate approximately $247,800; recent estimates in the mid-$240ks range). Solid single-family rental in a desirable Indianapolis location.
Ideal for investors seeking positive cash flow or buyers open to assuming a performing lease.
Contact for more details, showing arrangements (subject to tenant rights), or to schedule a review of the lease.
Property Type
Single Family
Year Built
2004
Lot Size
7,410 sqft
Heating
Forced air
Cooling
Other
Features & Amenities
Interior Features
- Asphalt
- Dryer
- Forced air
- Garage - Detached
- Other
- Washer
Property Owner
PO
Property Owner
Property Owner
Schedule a Showing
Get Pre-Approved for Your Home Loan
Complete the form below to get pre-approved for your home loan. This will help you understand your budget and show sellers you're a serious buyer.
Mortgage Calculator
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Estimated Monthly Payment
$1,665
Payment Breakdown
Principal & Interest
$1,317
Property Tax
$248
Home Insurance
$100
HOA Fees
$0
Loan Amount
$198,000
Total Interest Paid
$276,228
Total Cost
$474,228