1813 W Morris Street W, Indianapolis, IN 46221

$265,000 Asking Price

7 beds
2 baths
2,354  sqft
Built in 1900

Super opportunity to own a versatile turnkey commercial/residential property near downtown Indianapolis. A moneymaker close to Lucas Oil Stadium. Ongoing infrastructure upgrades include repaving of Morris St, new sidewalks, and landscaping. With two new houses being built directly across the street from the property. The property has two (2) houses sitting on a big lot with a privacy fence in the back. Property zoned C-4 (multiple uses) with an existing group home variance. 1813 Morris was formerly a boarding house, currently used as The New Living Center sober living facility for women. Updates in 2022 include a new roof (decking and shingles), new gutterboards, gutters and downspouts. 2023 improvements include professionally cleaned interior vents, professionally painted (inside and out), two updated rooms in the attic with new subfloors, drywall, and paint. There are 5 nice-sized upstairs bedrooms, a full bath with 2 showers and two vanities. The downstairs has 2 bedrooms a full bath, a big kitchen, a formal dining room, a huge family room, and a large deck in the back. The A/C air unit has an updated power box (2024) and was serviced in 2023. There is also a newer (2021) 200 amp electrical panel in the basement and the furnace. 1809 W Morris is a one-room structure with a 1/2 bath. 2022 updates include new ceramic flooring, Recently painted inside and out, new roof including decking and shingles, gutterboards/gutters, and downspouts. Price reflects any needed repairs/updates. Shown by appointment only. The property is broker-owned and being sold as is. The Property has a 2024 State DMHA Housing Certification and a Homeland Security fire inspection on file with the state of Indiana.


Features & Amenities

Interior

General:
Paddle Fan, Hardwood Floors, Eat-in Kitchen, Programmable Thermostat, Screens Some, Windows Vinyl
Appliances:
Dryer, Gas Oven, Range Hood, Refrigerator, Washer
Laundry:
Connections All
Basement:
Full, Unfinished
A/C:
Central Electric
Heating:
Forced Air, Gas

Exterior

General:
Smart Light(s)
Style:
Multi-Level
Other Structures:
Deck Main Level, Covered Patio
Parking:
Alley Access

Construction

General:
Three Or More, Block

Location

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

Lot

Zoning:
COBURNS 1ST BELMONT ADD L1 L2, 491115107012000101
Fencing:
Fence Full Rear

Utilities

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

Financial

Source:
mibor
Buyers Agent Compensation:
2 %

This listing courtesy of:
Phillip Anderson, Phillip Anderson

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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