• Year Built: 1920
420 - 430 E. 38th Street & 3804-3810 Central is amulti-family property for lease in Indianapolis, IN.
These sound buildings have 2 floors central courtyard outside from the back that the tenants can use. A small parking area is in the back of the buildings. Parking is in front and on side streets mainly. Many of the tenants like to take the bus. All 7 - 1 bedrooms contain an additional office/den area and you also have 9 - 2 bedrooms. All have new 100 amp electrical boxes and some have inside electrical upgrades. All roofs were replaced within the last 5 years. Some of the tenants have been in this building for many years. The cap rate is huge and tenants are stable. Air conditioning units are supplied by the tenants. Laundry could be established in the basement in the future. New management just put into place.
Please describe your commercial real estate requirements. We’ll introduce you to local properties that match your criteria.