$1,400,000
$1,650,000
15.2%For more information regarding the value of a property, please contact us for a free consultation.
0.57 Acres Lot
SOLD DATE : 02/10/2023
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Subdivision Traubs
MLS Listing ID 21861218
Sold Date 02/10/23
Year Built 1930
Tax Year 2021
Lot Size 0.570 Acres
Acres 0.57
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.
Location
State IN
County Marion
Zoning MFDwelling
Interior
Cooling Separate Meters
Fireplace N
Exterior
Exterior Feature Not Applicable
Utilities Available Cable Available, Sewer Connected, Water Connected
Building
Story Basement, Two
Foundation Block
Architectural Style Multi-Level
Structure Type Brick
New Construction false
Schools
School District Indianapolis Public Schools
Others
Acceptable Financing Conventional
Listing Terms Conventional
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