365 East Morris Street

Off Market
Indianapolis, IN 46225
List Price
$428,300
365 East Morris Street
365 East Morris Street - Image 2
365 East Morris Street - Image 3
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Why I Like This Property

“This property stands out because of its excellent location, strong rental history, and potential for above-market returns.”

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Jason Royer
Jason Royer
Savvy STR Agent

About This Property

This 5-bedroom, 5.5-bathroom home blends investment potential with comfortable living, perfect for those seeking a dynamic urban lifestyle. Featuring two separate units, this property is ideal for generating rental income or multi-generational living. Doorway opens up between units so it can be used as 1 unit, which I believe is the highest and best use. Minutes from downtown Indianapolis, enjoy access to top attractions like Lucas Oil Stadium, Gainbridge Fieldhouse, and the Bottleworks District. Explore nearby Fountain Square and Fletcher Place for dining, shopping, and entertainment. The neighborhood boasts a vibrant, welcoming atmosphere. Engage in local events, farmers markets, and festivals that celebrate the area's rich culture and diversity. Proximity to Garfield Park and White River State Park means easy access to green spaces and outdoor activities. Enjoy walking, biking, or relaxing in these parks. The Indianapolis Cultural Trail offers scenic routes for jogging or cycling. With institutions like IUPUI and the University of Indianapolis nearby, this location is ideal for students and academics. The Central Library, renowned for its architecture and resources, is a short drive away. Indianapolis is known for its diverse food scene. Discover culinary delights from gourmet restaurants to casual eateries and food trucks, offering something for every taste. Close to key employers like Eli Lilly, Salesforce, and numerous hospitals, this property is ideal for professionals seeking convenience and a short commute. The property can be converted back into a single-family home with a spacious kitchen and connecting staircase, aligning with high-end homes in the area. This flexibility makes it a standout investment. Priced attractively, this home represents exceptional value for its location and potential. Don't miss your chance!

Property Details

5
Bedrooms
6
Bathrooms
2,800
Square Feet
1984
Year Built
0.09 ac
Lot Size
Single Family
Property Type

Projected Opportunity

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Savvy Recommended Upgrades

Install Hot Tub

Est. $10,000Additional 5k -10k annually

Garage conversion

Est. $30,000This could boost revenue by 10k -20k annually depending on the buildout.

Your Agent

Jason Royer

Jason Royer

STR Investment Specialist

Indianapolis, IN

0
Deals Closed
24
Years Experience

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