328 S Arbutus Drive

Moments to IU Campus and zoned R4 this home home works well for owner-occupied or as a rental investment. R4 zoning allows great potential to change to a duplex and build an ADU or to build a triplex or fourplex that could have 3 Bedrooms in each! Numerous improvements in recent years include: Dimensional roof shingles; central A/C; updating baths including adding 2 full baths for a total of 3 full; adding easy-care, luxury vinyl plank flooring to living areas and bedrooms; updated kitchen and stainless appliances, and more. This home is currently leased until Early August, 2025 for $3300 per month and would be a great home or investment for a grad student, professor, or anyone that likes to be moments away from all of the music events, plays, etc that IU has to offer. Covered 'L-shaped' Porch, plenty of yard space and parking are a plus! Large living spaces--generous windows. The home has a basement accessible from the service door to the exterior that allows one to store outdoor lawn furniture, garden tools, etc. This home is on the corner of Atwater and Arbutus and is only 3-4 blocks to IU JSoM. *The taxes shown here are what they would have been in 2024 pay 2025 with a homestead and mortgage in place.