5609 E 38th St, Indianapolis, IN 46218

Investor opportunity on Indy's east side. This 3-bedroom, 1 bath ranch offers solid rental history and strong mechanical updates. Currently tenant-occupied at $925/month, with a 60-day notice to vacate already issued. Property will be sold as-is and requires cosmetic updates, making it ideal for investors seeking value-add potential. Recent improvements include newer furnace, updated water heater, plumbing cleanout, and upgraded gas line. Private driveway and covered carport provide convenient off-street parking. The full unfinished basement offers significant upside-finish it to add living space, increase rental income, or boost resale value. Located near public transit, library, and shops. This functional layout makes this a smart addition to any portfolio. Estimated market rent post-renovation is $1,300-$1,450/month.