3649 Graceland Avenue, Indianapolis

This charming 1.5-story home offers a strong investment opportunity with historic character, major system updates, and a solid foundation for a renovation. The property previously benefited from significant improvements including newer HVAC, electrical, plumbing, roof, windows, and siding-key capital items that remain in great shape and provide a strong starting point for the next owner. The interior will require renovation following tenant damage, creating an opportunity for an investor to update the home to their own specifications while already having many of the major systems addressed. The existing layout features a kitchen, versatile main-level office/den or TV room, half bath, separate laundry room, and waterproof laminate flooring. Upstairs are two spacious bedrooms along with a substantial amount of additional closet space that is not included in the listed square footage. Outside, the property features expansive covered front and back porches, off-alley parking for two vehicles, and a partially fenced in backyard. The exterior and major mechanical components provide a strong foundation for the renovation, allowing the next owner to focus primarily on restoring and improving the interior.