1635 Central Ave, Indianapolis, IN 46202

This 12-unit multifamily property consists of three all-brick buildings with four units in each structure. The units are configured as two bedrooms and one bathroom, with central air and individual furnaces and water heaters. Each home includes a refrigerator and oven, and residents have access to additional storage in the basements of the buildings. Coin operated laundry is provided, and water heaters are located in the basements. Tenants share one large trash dumpster in the alley.

The property is located at the intersection of the Herron Morton and Old Northside neighborhoods on Central Ave in Indianapolis. Each unit is individually metered for electric, and the building does not include gas service. Over the past several years, the property has maintained approximately 95% occupancy. One unit is recently vacant and available for showings, while other units can be accessed upon an accepted offer.

Rent roll details are available upon request, and current lease rates range from $895 to $995 per month with renewals set to $995. Residents pay their own electric, plus $50 per month for utilities, and pets pay an additional $25 per month. The owner pays water, sewer, and common area electric, and the current management company is willing to continue management. The property is positioned for experienced landlords seeking stable, income-producing operations.