Unbelievable opportunity in SoBro within biking distance to the Monon. Check out this 3 bedroom/1 bath featuring hardwood floors throughout and updated kitchen & bath. The 3rd bedroom is 23x12 and is a private upstairs retreat! Enter the basement through exterior side door leading to completely updated efficiency apartment with own bathroom, kitchen with center island, living room and laundry area. We're not stopping there... A must see separate 3 bedroom 1 bath carriage house in back of property offering it's own laundry connection, bedroom with screened in balcony, updated kitchen and bath as well!! Why not live in one unit and receive income on the other 2 units!! Tenants are on a month to month lease & will continue renting if you like. All kitchens and baths have been completely remodeled for you. Conveniently located near the Monon, Jazz Kitchen, Half Liter and Mama Corolla's. Enjoy this luxury set up all to yourself or become an investor! Either way your summer just got better with this ideal set up and short bike rides on the trail to dinner & concerts in Broad Ripple!

7
beds

3
baths

2,896 Sq.Ft. LIVING AREA

5,706 Sq.Ft. lot

Features & Amenities

Interior

total bedrooms7
Total bathrooms3
full bathrooms3
Laundry room In Unit, Connections All, Main Level
APPLIANCES Electric Cooktop, Gas Cooktop, Dryer, Electric Water Heater, Disposal, Gas Water Heater, Exhaust Fan, Micro Hood, Electric Oven, Gas Oven, Refrigerator
other interior Features Breakfast Bar, Cathedral Ceiling(s), Kitchen Island, Hardwood Floors, In-Law Arrangement, Eat-in Kitchen, Pantry

Area & Lot

Status Pending
Living Area2,896 Sq.Ft.
Total Area3,316 Sq.Ft.
Lot Area5,706 Sq.Ft.
MLS® ID22085444
TypeResidential
YEAR BUILT1940
NeighborhoodIndianapolis
Architecture StylesCape Cod, Traditional
School DistrictIndianapolis Public Schools

Exterior

STORIES2
water SourcePublic
utilitiesCable Available, Electricity Connected, Natural Gas Connected, Sep Electric Meter, Sep Gas Meter
lot featuresSidewalks, Mature Trees, Trees-Small (Under 20 Ft)
parkingConcrete
HEAT TYPEForced Air
AIR CONDITIONINGCentral Air
SubstructureBlock, Full
security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
other exterior FeaturesCarriage/Guest House

Financial

Sales Price$400,000

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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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5111 Ralston Avenue

$400,000