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38 N Sherman Drive

Indianapolis, IN 46201
  • $125,000
  • STATUS: Pending
  • ON SITE: 7 Days
  • MLS #: 22017232
Under Contract
UPDATED: 53 min ago
$125,000
  • 2
    BEDS
  • 0.22
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,616
    SQFT
  • $77
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1925
County:

School Information

Description

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!

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© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2025-01-16T18:25:12.083. 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.
Click here for MLS GRID DMCA Notice
www.theindypropertysource.com/homes/159290429
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38 N Sherman Drive Indianapolis, IN 46201

  • Price: $125,000
  • Status: Pending
  • On Site: 7 Days
  • Updated: 53 min ago
  • MLS #: 22017232
2
Beds
1
Baths
0
½ Baths
0.22
Acres
1,616
SQFT
$77
$/SQFT
1925
Built
Neighborhood:
Hollywood
County:
Marion
Area:
4912 - Marion - Center Ne
Elementary School:
Ralph Waldo Emerson School 58
High School:
Arsenal Technical High School
School District:
Indianapolis Public Schools
Property Description
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!
Exterior Features

Architectural Style Craftsman Construction Materials BlockWood Foundation Details Block Garage Sq Ft 400 Garage YN Yes Horse Amenities None Levels One Lot Information Sidewalks Parking Features Alley AccessDetached Porch Covered Porch View YN No Waterfront YN No

Interior Features

Appliances DryerElectric Water HeaterElectric OvenRefrigeratorWasher Areas Interior Laundry in Unit Basement Exterior EntryInterior EntryUnfinished Basement YN Yes Below Grade Finished Area 0 Building Area Total 3216 Cooling Central Electric Eating Area Formal Dining Room Fireplaces Total 0 Fuel Renewable Source Full Baths Basement 0 Full Baths Main 1 Full Baths MU 1 Full Baths Upper 0 Half Baths Basement 0 Half Baths Main 0 Half Baths MU 0 Half Baths Upper 0 Heating ElectricForced Air Interior Features Attic AccessAttic StairwayHardwood FloorsEat-in KitchenPantryWindows WoodWood Work Stained Main Level Bedrooms 2 Main Level Sq Ft 1616 Rooms Living Room (Main Level 31x14) Dining Room (Main Level 14x14) Kitchen (Main Level 13x12) Laundry (Basement Level 31x14) Primary Bedroom (Main Level 12x12) Bedroom 2 (Main Level 12x12) Rooms MU 6 Rooms Total MU 6 Spa YN No Sq Ft MU 1616

Property Features

Accessibility Features YN No Acres <1/4 Acre Association YN No Current Financing Conventional Dpr YN Yes Electric 200+ Amp Service Green Certification YN No Laundry Connections AllIn Basement New Construction YN No Possession Closing Property Attached YN No Property Condition Fixer Property Sub Type Single Family Residence Rooms Total 6 Semi Annual Property Tax Amt 857 Solid Waste Yes Special Listing Conditions NoneAs Is Tax Exemption None Tax Year 2023 Township Center Transaction Type Sale Utilities Cable AvailableElectricity ConnectedGasSewer ConnectedWater Connected Water Source Municipal/City

Listing provided courtesy of RE/MAX At The Crossing: . © 2025 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2025-01-16T18:25:12.083. 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.
Click here for MLS GRID DMCA Notice
 
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