$1,300,000

Elegant Urban Living In A Historic Gem

  • Updated: June 19
  • MLS#22103297

About the Property

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 ten-unit apartment building delivers a highly desirable asset mix built for modern urban living: six expansive three-bedroom units and four comfortable two-bedroom units. This value-add property offers i
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 ten-unit apartment building delivers a highly desirable asset mix built for modern urban living: six expansive three-bedroom units and four comfortable two-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 three-bedroom units can easily command $2,600 per month, while the two-bedroom units secure $1,900 per 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.
  • Property type

    House

  • Year built

    1917

Features

  • Investment Property

Explore the Area

3544 Carrollton Avenue Indianapolis IN 46205 USA, United States View on Google Maps
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Chas Schaffernoth

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Chas Schaffernoth
Indiana, United States
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3
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2026
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F.C. Tucker Company
F.C. Tucker Company
9279 N. Meridian St.Suite 201, 46260, Indianapolis, Indiana, United States
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Throughout Indiana, the F. C. Tucker Company dominates the residential real estate marketplace. Serving Indiana sin
Throughout Indiana, the F. C. Tucker Company dominates the residential real estate marketplace. Serving Indiana since 1918, Tucker has offices in the Indianapolis metro area and more affiliated offices throughout the state. Tucker sales associates are full-time, full-service professionals, with the best education and training in the business. As a founding member of Leading Real Estate Companies of the World, F. C. Tucker is proud to hold the coveted RQC and WQC awards and to be the only company in Indiana to offer its clients the Luxury Portfolio marketing tools.
Last updated
June 19
First listed
Jun 18
Listing reference
d0c01eb7-55d1-11f1-850c-6045bdd61ac4
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