1809 W Morris Street Indianapolis, IN 46221

Super opportunity to own a versatile turnkey commercial property near downtown Indianapolis. A moneymaker close to Lucas Oil Stadium. Ongoing infrastructure upgrades include repaving of Morris St, new sidewalks, and landscaping. With two new houses being built directly across the street from the pr...operty. The property has two (2) houses sitting on a big lot with a privacy fence in the back. Property zoned C-4 (multiple uses) with an existing group home variance. 1813 Morris was formerly a boarding house, currently used as The New Living Center sober living facility for women. Updates in 2022 include a new roof (decking and shingles), new gutterboards, gutters and downspouts. 2023 improvements include professionally cleaned interior vents, professionally painted (inside and out), two updated rooms in the attic with new subfloors, drywall, and paint. There are 5 nice-sized upstairs bedrooms, a full bath with 2 showers and two vanities. The downstairs has 2 bedrooms a full bath, a big kitchen, a formal dining room, a huge family room, and a large deck in the back The central air unit has an updated power box (2024) and was serviced in 2023. There is also a newer (2021) 200 amp electrical panel in the basement and the furnace. 1809 W Morris is a one-room structure with a 1/2 bath. 2022 updates include new ceramic flooring, inside and out paint, new roof including decking and shingles, gutterboards/gutters, and downspouts. Price reflects any needed repairs/updates. Shown by appointment only. 1813 W Morris currently has 5 residents paying week to week. No resident leases. The property is broker owned and is being sold as is. The Property has a 2024 State DMHA Housing Certification and a Homeland Security fire inspection on file with the state of Indiana. Continue reading