5317 E University Ave, Indianapolis, IN 46219

Sharp multi-family. Classic Irvington Victorian. 4 huge apartments with hardwood floors thru-out, gorgeous lot overlooks park-like setting. 4 car garage, 2-2bdrm & 2-1bdrm units. Newer furnace & water heaters. New roof and paint in 2021. Structurally sound, solid construction. All rents include utilities. Great investment property with positive cash flow-currently completely occupied. Wonderful neighborhood, easy to rent & rents could be higher. All showings thru owner by appointment. Landlord pays gas, electric and water for all the units. Lovely historic neighborhood in a home with 4 apartments built 120 years ago in 1900. Kitchens and baths have seen some updates, claw foot tubs remain. But the character survives; gorgeous original oak hardwood floors, tall casement windows, tons of closets, big rooms. A large driveway with a 4 car garage provides tenants ideal parking options. Laundry in the building. Nothing else like it in Irvington, a rare multi-family, originally a fraternity on the first Butler campus, this house sat next to the baseball field. It has a basement with modern gas furnaces and water heaters and enormous front and rear porches that add square footage not included in the finished square foot estimate, as well as an attic with 10 ft ceilings, hardwood floors, windows and dormers that adds an entire third floor over the building with two service staircases going up to it. These are also not included in sq ft estimates.