$ 250,000
7020 Twin Oaks DR Indianapolis, IN 46226
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Listed by Cathy O'Banion • United Real Estate Indpls
$ 250,000
Est. payment | /mo
6,794 SqFt
$ 250,000
Est. payment | /mo
6,794 SqFt
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Pending
Purchase Type For Sale
Square Footage 6,794 sqft
Price per Sqft $36
MLS Listing ID 21980000
Year Built 1968
Tax Year 2023
Lot Size 0.600 Acres
Acres 0.6
Property Description
This solidly built Brick apartment building is a cash cow waiting for revitalization. A once 11 unit building last remodeled to a 7 unit apartment building. The units are currently framed out as 4 units with 3 beds plus 2 baths - & -2 units with one bedroom and 1 bath. One unit has 2 bedrooms and 2 bathrooms with a private covered Lanai. There is ample parking for up to 12 units. Both ends of the building are/could be ADA compliant. The apartment complex adjacent to to the East - Kingston Square advertises 1/1's at $979+ per month. 2/1.5's at $1499 per month. With the current 7 units finished out the gross rents could be north of $10,000mo. Frame it back out to 11 units and the gross rents would be minimum $13,500mo.
Location
State IN
County Marion
Zoning commercial
Interior
Heating Electric
Cooling Wall Unit(s)
Fireplace N
Exterior
Utilities Available Electricity Connected
Waterfront false
View Y/N true
View Neighborhood
Roof Type Shingle
Building
Story 2
Foundation Slab
Architectural Style Contemporary
Structure Type Brick
New Construction false
Schools
Elementary Schools Arlington Woods School 99
Middle Schools Arlington Community Middle School
High Schools Arsenal Technical High School
School District Indianapolis Public Schools
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