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Listed by Mark Harris • CENTURY 21 Scheetz
$425,000
Est. payment /mo
2,314 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 2,314 sqft
Price per Sqft $183
MLS Listing ID 22017073
Year Built 1890
Tax Year 2023
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Multi-Family 5+
Property Description
Fantastic income generating property with amazing CASH FLOW: 7 studio/efficiency units. One side (#19) has 4 units & the other side (21) has 3 units. All units recently renovated & upfit for selling/renting. Potential to receive $7,600 total in rent each month. Each unit has kitchen, bedroom, closet & bath. Huge unused attic space with tons of potential (possibly 2 additional units). Parking in the back or on street. Owner pays all utilities (gas, water & electric). Zoned D8. Tenant's rights apply. Must have 48-hour advanced notice for showings. CAP rate 10.64%
Location
State IN
County Marion
Zoning D8
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Cooling Wall Unit(s)
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
View Y/N true
View City, Neighborhood
Roof Type Asphalt,Shingle
Building
Story 2
Foundation Block, Crawl Space
Architectural Style TraditonalAmerican
New Construction false
Schools
High Schools Arsenal Technical High School
School District Indianapolis Public Schools
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