633 E 38th Street
Indianapolis, IN 46205
- – beds
- – baths
- – sqft
- 3,312 sqft lot
- 1920 build
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Great investment property in a developing area! This 4 unit property appraised OVER the listing price. Located on the Red Line. All four units are three bedroom, one bath with individually metered electric and gas. Coin operated laundry in the basement is leased and adds to monthly income. New indoor mail system approved by postmaster with parcel locker for secure tenant mail/package delivery and 5 new breaker boxes for each unit and common area. This building is zoned D8 and several new multi-use buildings are being constructed in this area. Owner pays water, sewer, and common area electric. 2x 80 gal water heaters handle all units & laundry. Utility bill average is $200/mo. Could charge a flat rate for water/sewer/electric, and add more washer/dryers & storage units in the basement for additional income.
Last checked:
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Checking…
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Last updated Jun 25, 2024
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MLS# 21958749 —
The Building
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Year Built:1920
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New Construction:false
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Levels:Two
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Basement:true
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Direction Faces:North
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Green Certification:No
Financial & Terms
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Buyer Financing:Conventional
Location
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Directions:GPS Friendly
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Latitude:39.824866
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Longitude:-86.146023
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Fourplex
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Parcel Number:490624119088000101
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Acres:<1/4 Acre
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Lot Size Acres:0.08
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Lot Size SqFt:3,312 Sqft
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Price Per Acre:5625000
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Zoning:Commercial
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Additional Parcels:false
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Current Use:Apt<20
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Road Access:Frontage Road,Street Cuts
Listing Agent
- Contact info:
- Agent phone:
- (812) 230-6651
- Office phone:
- (317) 345-5870
Taxes
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Tax Lot:101
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Tax Year:2023
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Semi Annual Property Tax Amt:1205
Utilities
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Solid Waste:No
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:No Subdivision
Extra Units
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# of Units Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/11/24
Apr 11, 2024
|
Sold | MIBOR | $450,000 | |
|
3/4/24
Mar 4, 2024
|
Pending | MIBOR | $450,000 | |
|
3/1/24
Mar 1, 2024
|
Relisted | MIBOR | $450,000 |
