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(SOLD) $105,000

545 E 38th Street Indianapolis, IN  46205

Property Description for 545 E 38th Street Indianapolis, IN 46205

Another Duplex investment for your books! This property was once a business and now could be part of your portfolio. Upper unit has 1 BR, 1 Full BA. Main level unit has 1 BR, possibly 2 depending upon where you put the kitchen, 1 Full BA, 2 Half BA. Half basement is accessible from Main Level. The main level needs the kitchen put back in. For anyone looking for a small project and to feel the pride of getting an ROI, this is what you've been waiting to hear about. Mechanicals appear to be updated. Roof appears to be in excellent condition. Excellent visibility off 38th St. Bus line access directly in front. Excellent location for a small office / 1 BR rental upstairs combo or a duplex. Can easily be converted back to a single family home with access from main level. Parking lot behind this building is included - the one off Park Ave. Bring your lipstick! All it needs is cosmetics. Perfect little starter investment property.
QuickBuy option for home selling

Address:545 E 38th Street Indianapolis IN 46205
Status:Sold
Sold On: 10/11/2024
Price:$125,000
Bathrooms:0
Year Built:1920
Lot Size:0.06
County: Marion
Township: Center
MLS #:21994479
Property Type:Duplex

Lot Dimensions:2597
Road Access:Frontage Road
Directions:GPS Friendly
Basement:Yes

Loan Price
$855
Price And Interest $548/month
Property Tax $263/month
MTG INS $0/month
HOME INS $44/month
Price
$105,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$263/month
Home Owner Insurance
$528 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$1,578
Tax Year:2023
Mandatory HOA Fee:$

Area: 4912 - Marion - Center Ne
City:Indianapolis
Subdivision: Marion Highlands
Zip Code:46205

Cool:Central Electric
Heat:Forced Air, Gas
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of David Orton with Fair Market Value Investment Sales from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 08/04/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Indianapolis Market Report

81
Avg. DOM

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $20,825.47. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Indianapolis are going Down. The average house price is $269,000.00 and the average price per square feet is $156.25 per square feet. At the moment, the amount of homes listed is exactly 13891 houses, with 2412 with active status, 1216 with pending status and 10263 sold in Indianapolis .

The most popular place to buy a home in Indianapolis is 4903 - Marion - Washington. 4903 - Marion - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Indianapolis .

The average amount of property taxes you would have to pay for a home in Indianapolis is $3,194.02. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Indianapolis are staying listed for an average of 68 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Indianapolis was 1658 minutes ago.

At the moment we have 105 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $7,750,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Indianapolis is $45,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Indianapolis in year 1827 and the newest built house is in year 2025.

The average size of properties in Indianapolis is 2112.74 sq.ft. , the biggest one being 13549 sq.ft. and the smaller being 252 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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