Multi-Family in Indianapolis For Sale
Multi-Family
for Sale
| Catylist Listing ID: |
30844136 |
| Property Subtypes: |
Duplex/Fourplex
|
| Number of Units: |
5 Units |
| Building Size (RSF): |
2,774 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$440,000 |
| Unit Price: |
$88,000 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/26/2023 |
Overview / Comments
A profitable investment with long-term, valued tenants. This 5-unit multi-family property is 2 miles east from downtown Indianapolis, 2 miles north of Fountain Square, north or Arsenal Heights and Holy Cross. Many updates have been completed. Including but not limited to a new roof, new siding in some areas, new gutters, new soffits, replaced plumbing to the street, replaced gas lines and a new electrical panel.
The front building holds 4 units. The garage was converted into a unit. There are many newly developed residential and commercial properties nearby.
The property is 100% occupied. The new owners would have to honor and respect the leases. Tours are scheduled in advance and all tours must show proof of funds prior to touring the property. All tenants are current with their rents and are exceptional tenants. A breakdown of financials and leases are available to buyers who have submitted proof of funds or financing.
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Additional Details
| Nearest MSA: |
Indianapolis-Carmel-Anderson |
| County: |
Marion |
| Tax ID/APN: |
49-10-06-132-018.000-101 |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
1910 |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Fuel: |
Gas |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
20,450 |
122,468 |
282,637 |
| Median Age: |
33.92 |
33.98 |
34.85 |
| Households: |
8,157 |
50,313 |
113,874 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
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