3544 Carrollton Avenue, Indianapolis
3544 Carrollton Avenue, Indianapolis, IN 46205
Purpose unavailable
$1,300,000
Pending
Property Details
Bedrooms
Bathrooms
N/A
Sq Ft
1917
Year Built
Additional Information
Home Features
Providence Property Group, PC
Central Indiana real estate services
Office
612 N Madison Ave
Greenwood, IN 46142
Call/Text
(317) 746-0616
garrettvaleu@providenceproperty.group
Description
Capitalize on the incredible momentum and rapid redevelopment in the historic Hasselman Place neighborhood. Located just blocks from major transit corridors and cultural hotspots, this exceptional 10-unit apartment building delivers a highly desirable asset mix built for modern urban living: six expansive 3-bedroom units and four comfortable 2-bedroom units. This value-add property offers immense revenue upside, with a projected gross monthly income of $22,000 upon stabilization. Stabilized pro-forma metrics indicate 3-bedroom units can easily command $2,600/month, while the 2-bedroom units secure $1,900/month. Currently zoned D-5, this property presents a premier play for forward-thinking investors ready to secure a zoning variance and unlock the full operational cash-flow potential of this historic location.
Location
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3544 Carrollton Avenue, Indianapolis, IN 46205
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Listing provided courtesy of Chas Schaffernoth at F.C. Tucker Company
Contact: chas@talktotucker.com
Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID
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