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INVESTMENT HIGHLIGHTS
- Recently Renovated Units
- Stainless Steel Appliances
- Spacious Floorplans
- Elevated Culinary Experience Kitchens
- Quarts Countertops
- In-Unit Washer/Dryers
EXECUTIVE SUMMARY
The Roselyn is an all brick, 15-unit, multifamily property located on the city’s north side at 506 E. 38th Street and 3821 Central Avenue, Indianapolis, Indiana 46205. Built in 2000 and renovated in 2024, the property encompasses 0.59± acres and consists of two, three-story, residential buildings with 12,151 rentable square feet.
The unit mix consists of five (5) two-bedroom / one-bathroom flats and ten (10) two-bedroom / one-bathroom townhomes. All units are total electric and each has its own water heater.
All units have been recently remodeled and amenities include a well equipped kitchen with new stainless steel appliances, quartz countertops, dishwasher, air conditioning, new flooring, and a full-size washer and dryer. In addition, the townhomes have extra storage space.
The unit mix consists of five (5) two-bedroom / one-bathroom flats and ten (10) two-bedroom / one-bathroom townhomes. All units are total electric and each has its own water heater.
All units have been recently remodeled and amenities include a well equipped kitchen with new stainless steel appliances, quartz countertops, dishwasher, air conditioning, new flooring, and a full-size washer and dryer. In addition, the townhomes have extra storage space.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 0.59 AC |
| No. Units | 15 | Building Size | 14,500 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2000 |
| Apartment Style | Low-Rise | Parking Ratio | 1.17/1,000 SF |
| Building Class | B | ||
| Zoning | D10 | ||
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.59 AC |
| Building Size | 14,500 SF |
| No. Stories | 3 |
| Year Built | 2000 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | D10 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Carpet
- Patio
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 15 | - | 810 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,144,319 CAD | |
| Land Assessment | $95,606 CAD | Total Assessment | $1,239,925 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$95,606 CAD
Improvements Assessment
$1,144,319 CAD
Total Assessment
$1,239,925 CAD
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The Roselyn Apartments | 3821 Central Ave
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