×
  • Left arrow.Go Back

  • Share

  • Add Note

  • Email to Friend

  • Ask a Question

  • Print

  • Heart Icon.Save

$715,000

Schedule a Video Chat Tour
Property Description
This is a unique opportunity to own a 16 unit apartment complex near downtown, Metro Sports Complex, Indpls Museum of Art & State Fairgrounds. Located on the "Red Line' with LOADS of potential and character, lots of natural light, arched doorways and good sized units. (8) 1 bedrooms and (8) 2 bedrooms with sq footage to reconfigure if desired. 13 are occupied with long term tenants and appliances. 3 are gutted and ready for reno to increase earning potential. Rubber roof only 4 years old! Some new windows, all units have electric furnaces (tenant paid) from 2007. Laundry in 2 units. Complex consists of 4 buildings, connected at corners by brick facade with a good sized grassy courtyard and decks out back with separate entries in the rear.
Address:420 E 38th Indianapolis IN 46205
Status:Active
on site: 20 days
Price:$715,000
Bathrooms:0
Year Built:1927
Lot Size:0.48
County: Marion
Township: Washington
MLS #:21750254
Property Type:5+Units Commercial

Lot Dimensions:20735
Road Access:CityStreet
Lot Features:Access Alley, Access Street, Busline, Sidewalks
Zoning:mult
Building Utilities:Electric, Separate Electric Meter, Sewer, Water, Municipal Sewer Connected, Municipal Water Connected
Directions:Located on the Northwest corner of 38th & Central, park next to Bldg southbound on Central NO SIGN
Sq. Ft. Source:Assessor
Loan Price
$4,668
Price And Interest $3,730/month
Property Tax $640/month
MTG INS $0/month
HOME INS $298/month
Price
$715,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$640/month
Home Owner Insurance
$3,576 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS
Michael Holl
Michael Holl

Senior Loan Officer

View My Profile

Courtesy of Tucker Mortgage
Semi-Annual Property Tax:$3,842
Tax Year:2020
Financial Disclosures:Not Applicable
Other Disclosures:Cosmetics Needed, Fixer Upper, Sales Disclosure On File, Needs Updating
Area: 4903 - Marion - Washington
Subdivision: NO SUBDIVISION
Zip Code:46205
Exterior Type:Brick
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company, Inc.
Tucker Customer Care
Additional Phone (317) 954-4768
Schedule a Video Chat Tour
Active
420 East 38th Indianapolis, IN 46205

3505 Pennsylvania Street

$795,000

Pending
420 East 38th Indianapolis, IN 46205

3620 Birchwood Avenue

$360,000

Active
420 East 38th Indianapolis, IN 46205

3505 Pennsylvania Street

$795,000

Pending
420 East 38th Indianapolis, IN 46205

3620 Birchwood Avenue

$360,000

Pending
420 East 38th Indianapolis, IN 46205

2442 Illinois Street

$429,000

Active
420 East 38th Indianapolis, IN 46205

1546 10Th Street

$698,800

Active
420 East 38th Indianapolis, IN 46205

892 Woodruff Pl Middle Drive

$495,000

Active
420 East 38th Indianapolis, IN 46205

740 North Street

$3,300,000

Pending
420 East 38th Indianapolis, IN 46205

1368 Olney Street

$395,000

Pending
420 East 38th Indianapolis, IN 46205

3614 Washington Street

$147,000

Active
420 East 38th Indianapolis, IN 46205

4926 Washington Street

$429,900

Active
420 East 38th Indianapolis, IN 46205

21 Warman Avenue

$75,000

Get more information

Listing provided courtesy of Trout Realty Co, LLC.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company, Inc. include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.