4233 E 38th Street, Indianapolis, IN 46218

$299,900

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List Price
$299,900
MLS#
22116906
Days on Market
0
Status
ACTIVE

Property Description

Great Opportunity to own a cash cow! Current rents total $3700 a month. The building was completely remodeled and updated in 2024. All new heat pumps with mini splits - Electric - Plumbing - Insulation - Windows - Roof - the list goes on. New Kitchens and Baths in every unit. Unit A is a 2 bedroom with small kitchen/living room & 1 bath. Unit B is a nice sized 2 bedroom with a decorative fireplace and large eat in kitchen. Unit C is a 2 story 3 bed 2 full bath unit. This unit has its own washer and dryer plus a decorative fireplace. The basement houses the 3 new water heaters & a coin op washer & dryer for unit A & B to use. The owner provides water & sewer.

Additional Information

Expenses
2040
Tenant Pays
Electricity, Gas
Owner Pays
Sewer, Water
Basement
Partial, Tri Level, Under, Unfinished
Foundation
Block
Stories
Multi/Split
Architecture
Split Level
Exterior Amenities
Lighting
Acres
0.28
Heat
Heat Pump
Cooling
Central Air, Ductless, Heat Pump
Financing
Conventional, FHA, VA
Region
Center

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of United Real Estate Indpls.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative