Veterans United Realty
20 Photos

38 N Sherman Drive, Indianapolis, IN 46201

$125,000 Asking Price

2 beds
1 bath
1,616  sqft
Built in 1925

Excellent investor opportunity!! This nearly original Craftsman-style home is a fantastic opportunity for investors looking to add value with minimal effort. Situated in a desirable area, this home boasts classic architectural features, including original hardwood floors, built-in cabinetry, and distinctive woodwork that exude character and charm. While the property retains much of its original craftsmanship, it is in need of some updates, allowing you to enhance its appeal and increase rental income potential. With a little renovation, this home could easily be transformed into a modern gem while preserving its historic charm. Currently in a livable condition, the property offers immediate rental potential, providing a steady cash flow as you plan future improvements. Whether you choose to refresh the home with modern updates or maintain its timeless features, the possibilities are endless for the right investor. Don't miss this chance to own a piece of history with incredible upside potential. Schedule a showing today!

Listing Status:
Active
Date Added:
January 8, 2025 — 2 days ago
Listing Office:
RE/MAX At The Crossing, Dustin Dubree (765-228-6527)
Office Phone:
765-228-6527
MLS ID:
22017232

Features & Amenities

Interior

General:
Attic Access, Attic Stairway, Hardwood Floors, Eat-in Kitchen, Pantry, Windows Wood, Wood Work Stained
Appliances:
Dryer, Electric Water Heater, Electric Oven, Refrigerator, Washer
Laundry:
Connections All, In Basement
Basement:
Exterior Entry, Interior Entry, Unfinished
A/C:
Central Electric
Heating:
Electric, Forced Air
Fireplace:
Fireplaces: 0

Exterior

Style:
Craftsman
Other Structures:
Covered Porch
Parking:
Alley Access, Detached

Construction

General:
One, Block

Location

Originating MLS:
mibor
School District:
Indianapolis Public Schools
County:
Marion

Lot

Zoning:
Hollywood Place S1/2 L16 29 3-12 Ft N Side L15, 491005208024000101

Utilities

Utilities:
Cable Available, Electricity Connected, Gas, Sewer Connected, Water Connected, 200+ Amp Service
Water:
Municipal/City

Financial

Source:
mibor

This listing courtesy of:
RE/MAX At The Crossing, Dustin Dubree

About Indianapolis, IN

Housing

Number of Units
439,918
Median Home Value
$169,609
Median Rent
$790

47.41% of housing units are renter occupied.

8.91% are vacant.

Commute

Car
76.18%
Public Transportation
1.34%
Walk to Work
1.81%
Work from Home
19.69%
Other
0.60%

The median travel time to work is 21 minutes.

People

Population
976,092
Median Age
35.40
Median Household Size
2.45

Education

High School
27.86%
Associate’s Degree
8.16%
Bachelor’s Degree
21.08%
Graduate Degree
11.46%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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Veterans United Homefront

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