1635 Central Avenue, Indianapolis, IN 46202

This 12-unit multifamily property consists of three all-brick buildings, with four units in each building. Units are laid out as spacious two bedroom, one bath homes with lots of natural light. The property is configured with individual in-unit climate and hot water systems, as each unit has its own furnace, central air, and water heater, with refrigerators and ovens also provided. Coin-operated laundry facilities are available, and additional storage is located in the basements of each building. Water heaters are situated in the basements, and residents share one large trash dumpster located in the alley.

The buildings are located at the intersection of the Herron Morton and Old Northside neighborhoods, and the property is in a designated Opportunity Zone. The information provided indicates all three buildings are on separate parcels.

For tenants, the setup includes individually metered electric service, and the property has no gas. Owners pay water, sewer, and common area electric, while residents pay their own electric; residents also contribute a $50/month utilities amount on top of stated rent. Pet-eligible residents pay an additional $25/month. One unit is recently vacant and available for showings, and other units can be accessed with an accepted offer. A current property management company is willing to continue managing the asset.