IN > Indianapolis > No Subdivision
Indianapolis, IN 46220,5917 Carrollton AVE
Indianapolis, IN 46220,5917 Carrollton AVE
Indianapolis, IN 46220,5917 Carrollton AVE
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$449,000
Est. payment /mo
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6,969 Sqft Lot
Active

5917 Carrollton AVE Indianapolis, IN 46220

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Audri McGrane

Audri McGrane

+1(317) 509-9729

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision No Subdivision

MLS Listing ID 22075260

Year Built 1954

Tax Year 2024

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Quadruplex

Property Description

Discover an incredibly rare investment opportunity at 5917 Carrollton Ave, located in the heart of Indy's coveted A-Class Broad Ripple neighborhood. Just steps from the Monon Trail, the Canal, and the vibrant shops, bars, and dining of Broad Ripple Ave, this property offers unbeatable walkability and central convenience. This converted limestone ranch has been thoughtfully transformed into a four-unit multifamily property-perfect for investors or creative house-hackers seeking an eclectic mix of spaces ideal for high-yield short-term or mid-term furnished rentals. STR rental projections of $7k+ per month!! The renovation is roughly 90-95% complete, making this the ideal canvas for a buyer with vision to apply final touches and maximize returns. The unit mix is distinct and full of character. The Left Unit (2 bed/1 bath) boasts a cool retro 1960s vibe with stainless counters, parquet floors, and a loft-style upper level with a bedroom, living room, and office nook. The Right Unit (3 bed/2 bath) features real hardwoods, a funky kitchenette with custom countertop, and a massive limestone wood-burning fireplace. The Rear Unit (1 bed/1 bath) lives like a studio with an open layout and kitchenette w/breakfast bar. Finally, the Basement Unit (1 bed/1 bath) delivers a stunning industrial aesthetic with concrete floors, exposed ductwork, a massive full kitchen with an oversized island, and a walkout entrance. Complete with a detached garage for potential extra income, ample off-street parking, and laundry hookups in every unit, this property is truly one-of-a-kind. Opportunities like this simply don't come to market in Broad Ripple-come see the potential today!

Location

State IN

County Marion

Rooms

Basement Apartment, Daylight, Exterior Entry, Finished Walls, Full, Walk-Out Access

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Garage Spaces 2.0

View Y/N false

Roof Type Asphalt

Building

Story One

Foundation Block

Architectural Style Ranch, Traditional

Structure Type Vinyl With Stone

New Construction false

Schools

School District Indianapolis Public Schools

Others

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Audri McGrane

Audri McGrane

Director of Operations | RBRB18002064

+1(317) 509-9729

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5917 Carrollton AVE

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