Description

Welcome to 2438 Guilford Ave, a stabilized 8-unit multifamily investment opportunity in the heart of Indianapolis’ rapidly improving Reagan Park neighborhood, where new development & reinvestment continue to drive long-term value. This solid asset features a desirable unit mix of 4 1-bedroom/1-bath apartments renting at $800/month and 4 efficiency units renting at $550/month, all with tenants in place, generating a strong $5,400 in monthly gross income from day one ($64,800/yr). Several improvements have already been completed, reducing future maintenance and capital expense exposure. Updates include new electrical and plumbing, Hardie siding, roof (2 yrs old), and 2 new furnaces, offering investors peace of mind and improved operating efficiency. Located near downtown amenities, employment centers, and ongoing neighborhood revitalization, such as the new development of the Arnold Place Townhomes, this property is well-positioned for continued tenant demand and potential rent growth. Whether you’re looking to expand your portfolio or secure a stable, income-producing asset in a growing area, this delivers immediate cash flow with long-term upside. Steps away from the Monon Trail, the Frederick Douglass Park and Family Center, and just minutes away from The Bottleworks District/ Mass Ave, Goose The Market, Tinker Street, Provider, & Mashcraft on Delaware just to name a few hot spots nearby.