Address
1918 W Washington Street Indianapolis, IN
Price
$ 1,700,000
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

Property vs Multi-Family Average in 46222

Price
AVG $460K
$1.7M
Taxes
AVG $2,312
$7,022
Visits
AVG 14
1
Year Built
AVG 1918
1930
Walkscore
AVG 57
61
Data Provided by Walkscore ® not using MLS data

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