$550,000
$560,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
2,748 Sqft Lot
SOLD DATE : 02/24/2023
Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Subdivision 110 E Washington
MLS Listing ID 21890186
Sold Date 02/24/23
Year Built 1925
Tax Year 2021
Lot Size 2,748 Sqft
Acres 0.0631
Property Description
Florence. A fully occupied all electrical turnkey 6-Unit property on the 10th Street Brookside / Rivoli Park divide. 4 of the units function as 2 bedroom, 1 bath units and 2 units function as 1 bedroom, 1 bath units. The property is brings in $5,145/mo in gross income with room to increase rents year over year. Property was fully gut-renovated in 2022 with around $300,000 in capital expenditures that include new rubberized flat roof, new pvc plumbing, new electrical, 6 new water heaters. New windows were installed in 2021. All kitchen appliances, shared coin laundry units, and new window air units are included. Electrical is split into 6-separated meters. Owner pays for water only. On-Street Parking only. Buyer to verify square footage.
Location
State IN
County Marion
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected
Building
Architectural Style Multi-Level
Structure Type Brick
New Construction false
Schools
School District Indianapolis Public Schools
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