633 E 38th St, Indianapolis, IN 46205

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.