420 E. 38th Street Apartments
 

ICREX #29635067
 
Mibor BLC/MLS #21321944
 
LoopNet ID #18946384

 

These sound buildings have two floors and a central courtyard outside from the back that the tenants can use.

It has nine two-bedroom units and seven one-bedroom units with an office/den.

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.

There are new electrical boxes and inside electrical upgrades. All roofs were replaced within the last four 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.

This is a strong Indianapolis central location on the bus lines on the corner of Central and 38th Street. This is also close to Meridian Street, the main road going downtown.


 
 
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