
Property Attributes
- MLS#21861218
- TypeMulti-Family
- CountyMARION
- CityIndianapolis
- AreaCenter NW
- NeighborhoodTRAUBS
- Zip46222
- StyleMulti-Level
- Year Built1930
- Taxes$ 7022
- Price$ 1,700,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage12550
- Lot Size0.57 Acres
Listing Provided Courtesy Of:
Cory Gardner with Gardner Property Group
Data Source:
Metropolitan Indianapolis MLS (MIBOR)
Property Description
The property consists of 2 studio units 16 one-bedroom apartments and 3 two-bed apartments. Current ownership has invested over $700,000 in improvements including gut-to-studs rebuild on 6 one-bedroom units, a roof, individual water heaters, and painting. The adjacent almost 8,000SF lot is included with the sale and could be the site for an additional 10-12 units for a phased development.
Price History | |
---|---|
6/3/2022 | Listed $1,700,000 |
General Features
Architectural Style | Multi-Level |
---|---|
City | Indianapolis |
Construction Materials | Brick |
Contingency | Act with no Contingency |
County | Marion |
Current Financing | Conventional, Conventional, Exchange - 1031 |
Current Use | Apt>20 |
Days on Market | 1 |
Directions | From West & Washington downtown, go west past White River State Park and the Indpls. Zoo approximately 1 mile to 1918 W. Washington St. on the north side of street |
Disclosures | Not Applicable |
Exterior Features | Not Applicable |
Levels | Two, Basement |
MBR_SchoolDistrict | Indianapolis Public Schools |
Net Operating Income | 102092 |
New Construction | No |
Ownerpays | Lawncare, Sewer, Water |
Possession | Close of Escrow, Tenant's Rights |
Possible Use | Apt>20 |
Property SubType | Commercial Units - 5+ |
Property Type | Residential Income |
Standard Status | Active |
Status | Active |
Street Name | Washington |
Structure Type | Apartment Complex |
Subdivision Name | TRAUBS |
Tax Year | 2021 |
Tenant Pays | Cable TV, Electricity, Insurance |
Total Units | 21 |
Township | Center NW |
Year Built | 1930 |
Zoning | MFDwelling |
Interior Features
Basement (Y/N) | Yes |
---|---|
Street Suffix | Street |
Exterior Features
Foundation Details | Block |
---|---|
Lot Size Acres | 0.57 |
Road Frontage Type | HwyUS, City Street |
Road Surface Type | Asphalt |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool