3544 Carrollton Avenue, Indianapolis, IN 46205

Property Description

Capitalize on the incredible momentum and rapid redevelopment in the historic Hasselman Place neighborhood. Located just blocks from major transit corridors and cultural hotspots, this exceptional 10-unit apartment building delivers a highly desirable asset mix built for modern urban living: six expansive 3-bedroom units and four comfortable 2-bedroom units. This value-add property offers immense revenue upside, with a projected gross monthly income of $22,000 upon stabilization. Stabilized pro-forma metrics indicate 3-bedroom units can easily command $2,600/month, while the 2-bedroom units secure $1,900/month. Currently zoned D-5, this property presents a premier play for forward-thinking investors ready to secure a zoning variance and unlock the full operational cash-flow potential of this historic location.