1635 Central AVE, Indianapolis, IN 46202
1635 Central AVE, Indianapolis, IN 46202
1635 Central AVE, Indianapolis, IN 46202
79
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Listed by Emily Huskey • Keller Williams Indy Metro Partners
$525,000
Est. payment /mo
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5,227 Sqft Lot
Active

1635 Central AVE Indianapolis, IN 46202

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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 Ritters Sub Johnson

MLS Listing ID 22105508

Year Built 1930

Tax Year 2024

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Quadruplex

Property Description

**Multiple offers received, highest and best due by 7:00 PM on Monday, July 6th, with a decision made by Tuesday evening.** Located at the intersection of the highly desirable Herron Morton and Old Northside neighborhoods, AND in a designated Opportunity Zone, this property offers a prime opportunity for experienced landlords, or investors entering the multifamily market. The FULL complex consists of three all brick buildings, four units each. THIS LISTING is for ONE of the buildings (4 units). Buildings can be purchased together as a 12 unit complex, or split into four plexes. Each building already has its own parcel number and legal description. (See BLC#22103331 for commercial listing which includes ALL 12 UNITS.) Each unit features a spacious two bedroom, one bath layout with lots of natural light. Units are currently leased for $895-$995 per month. All leases will renew at $995. With a fantastic 95% occupancy rate maintained over the past several years, this proven income-producing asset delivers consistent cash flow, long term stability, and strong investment potential. Inquire for rent roll, expenses, and utilities. Residents pay their own electric; all units are individually metered. No gas. Owner pays water, sewer, & common area electric bills, and residents pay $50/month for utilities on top of rents listed above. Residents with pets pay additional $25/month. Each unit has its own furnace, central air, and water heater. Refrigerators and ovens in each unit. Coin operated laundry units and more storage in the basements of each building. Water heaters are located in basements. All units share one large trash dumpster in the alley. Current lease rates and dates by request. One unit is recently vacant and available for showings. (Other units can be accessed upon accepted offer.) Current property management company is willing to continue management.

Location

State IN

County Marion

Zoning ZO01

Rooms

Basement Daylight, Storage Space, Unfinished

Interior

Heating Electric, Forced Air

Cooling Central Air

Fireplace N

Building

Story Two

Structure Type Brick

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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1635 Central AVE

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