3544 Carrollton Avenue

3544 Carrollton Avenue, Indianapolis, IN 46205

$1,300,000

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.

10,000 Sq.Ft. LIVING AREA

9,600 Sq.Ft. lot

Features & Amenities

Interior

Laundry room Common Laundry

Area & Lot

Status Pending
Living Area10,000 Sq.Ft.
Total Area10,000 Sq.Ft.
Lot Area9,600 Sq.Ft.
MLS® ID22103297
TypeCommercial
YEAR BUILT1917
NeighborhoodIndianapolis
Architecture StylesOther
School DistrictIndianapolis Public Schools

Exterior

STORIES3
utilitiesWater Connected
lot featuresBusline
parkingGravel

Financial

Sales Price$1,300,000
Zoning d5

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Cara holds esteemed certifications as a negotiation expert and a Luxury Home Marketing Specialist, showcasing her mastery in the art of deal-making and her profound understanding of the high-end property market. With a strategic approach, she harnesses the power of cutting-edge digital technology, employing an array of sophisticated tactics in real estate sales and marketing. This enables her to effectively showcase properties, engage potential buyers, and secure optimal outcomes in the dynamic real estate landscape.

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Contact Details

Cara Conde

Phone

(317) 999-9888

[email protected]

Address

7632 Almaden Court Indianapolis, IN 46278

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