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Property view

633 E 38th Street, 
Indianapolis, IN 46205

$450,000


Bed


Bath


-

Sq Ft


Multi-Family

Sold

Listed by

Devan Lunceford

Bought with F.C. Tucker Company

Elite Indy Realty Group

317-345-5870

MLS#

21958749

Source:

IN MIBOR

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About This Home

633 E 38th Street

Great investment property in a developing area! This 4 unit property appraised OVER the listing price. Located on the Red Line. All four units are three bedroom, one bath with individually metered electric and gas. Coin operated laundry in the basement is leased and adds to monthly income. New indoor mail system approved by postmaster with parcel locker for secure tenant mail/package delivery and 5 new breaker boxes for each unit and common area. This building is zoned D8 and several new multi-use buildings are being constructed in this area. Owner pays water, sewer, and common area electric. 2x 80 gal water heaters handle all units & laundry. Utility bill average is $200/mo. Could charge a flat rate for water/sewer/electric, and add more washer/dryers & storage units in the basement for additional income.

Home Facts

Multi-Family

Built in 1920

Price Summary

450,000

MLS #:

21958749

Sold:

April 11, 2024


Structure

Structure

Year Built:

1920


Lot

Lot Size (Sq. Ft):

3,484


Finances & Disclosures

Finances

Price:

$450,000

Source:IN MIBOR
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