Welcome to 3336 Tara Ln, a 4BR 1.5BATH, beautifully updated and move-in-ready condo located in the heart of Indianapolis' west side. Whether you're seeking immediate rental income or a comfortable home to occupy, this property delivers both value and versatility. With Section 8 rental potential of $1, 700-$1, 800/month and a low monthly HOA, it's an outstanding opportunity for steady cash flow or affordable homeownership. Recent enhancements include fresh interior paint, new carpet, new living room flooring, a brand-new dishwasher, a 2024 refrigerator, new commode in the half bath, updated window blinds, a new upstairs vanity countertop, new bedroom and closet doors, and newly installed privacy fencing on the back patio. Assigned parking is included for added convenience. Situated just minutes from the iconic Indianapolis Motor Speedway, this home offers quick access to one of the city's most celebrated attractions and is conveniently located near major roadways, dining, shopping, and schools. Don't miss your chance to own a well-maintained, income-producing property at an unbeatable price point in a growing market.
Property Features
Bedrooms
- Bedrooms: 4
- Bedrooms On Upper Level: 4
- Primary Bedroom Dimensions: 11 x 11
- Bedroom 2 Dimensions: 11 x 10
- Bedroom 3 Dimensions: 10 x 09
- Bedroom 4 Dimensions: 10 x 09
- Primary Bedroom Level: Upper
- Bedroom 2 Level: Upper
- Bedroom 3 Level: Upper
- Bedroom 4 Level: Upper
Other Rooms
- Total Rooms: 7
- Living Room Dimensions: 20 x 13
- Living Room Level: Main
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 1/2 Bathrooms: 1
- Half Bathrooms On Main Level: 1
- Full Bathrooms On Upper Level: 1
Interior Features
Appliances
- Dishwasher
- Dryer
- Disposal
- Kitchen Exhaust
- Electric Oven
- Refrigerator
- Washer
- Electric Water Heater
- Laundry Features: Main Level
Heating and Cooling
- Heating Features: Forced Air, Electric
Kitchen and Dining
- Dining Area Description: Dining Combo/Kitchen
- Dining Room Dimensions: 12 x 09
- Dining Room Level: Main
- Kitchen Dimensions: 11 x 09
- Kitchen Features: Kitchen Some Updates
- Kitchen Level: Main
Exterior and Lot Features
- Fencing: Fence Full Rear
- Patio And Porch Features: Open Patio, Porch Open
Land Info
- Lot Description: Curbs, Sidewalks, Street Lights
- Lot Size Acres: 0.03
- Lot Size Square Feet: 1306
Garage and Parking
- Parking Features: Assigned, Guest Parking
Homeowners Association
- Association: Yes
- Association Amenities: Insurance, Maintenance Grounds, Snow Removal, Trash
- Association Fee: 40
- Association Fee Frequency: Monthly
- Association Fee Includes: Entrance Common, Insurance, Maintenance Grounds, Snow Removal, Trash
- Calculated Total Monthly Association Fees: 40
School Information
- High School District: Indianapolis Public Schools
Other Property Info
- Source Listing Status: Active
- County: Marion
- Directions: GPS Friendly
- Tax Year: 2024
- Source Property Type: Residential
- Area: 4909 - Marion - Wayne
- Property Subtype: condo
- Source Neighborhood: Tara Townhouse On The Green
- Parcel Number: 490524106033000901
- Postal Code Plus 4: 2233
- Subdivision: Tara Townhouse On The Green
- Township: Wayne
- Property Subtype: Condominium
- Lot Number: 37
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1386
- Year Built: 1964
- Common Walls: 2+ Common Walls
- Construction Materials: Vinyl With Brick
- Foundation Details: Slab
- Levels: Two
- Property Age: 61
- Property Attached: Yes
- Total Area Main: 693
- Total Area Upper: 693
- Architectural Style: TraditonalAmerican
Utilities
- Water Source: Municipal/City