3544 Carrollton Avenue, Indianapolis, IN 46205

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List Price
$1,300,000
MLS#
22103297
Property Type
Commercial Sale
Sqft. of Residence
10,000
Year Built
1917
Days on Market
162
Status
PENDING

Property 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.

Additional Information

Stories
Three Or More
Architecture
Other
Acres
0.22
Region
Center

Listing courtesy of Chas Schaffernoth. F.C. Tucker Company

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.