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    1023 S State Avenue

    Indianapolis, IN 46203
    • $499,900
    • STATUS: Pending
    • ON SITE: 6 days
    • MLS #: 21775576
    Under Contract
    UPDATED: 25 min ago
    $499,900
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    School District:

    Description

    Great income-producing 7-unit property in the heart of Fountain Square w/add'l LOT INCLUDED! NEW roof & decking, March 2021. Property is in excellent shape! Units have a mix of hardwoods, laminate & carpet. Ceramic tile in baths & kitchen. Exterior has been painted, several common doors replaced, new entry lights/LED flood lights, & grounds/parking lot restored from winter wear. Romex wiring, copper & PEX plumbing. Basement has new closed-cell foam & 10-mil vapor barrier. Room on electrical panel to add laundry & add'l income! Several long-standing tenants in place, but option to raise rent w/this location. Lot to the south (1027 State) incl in sale & could be another investment opt! Call list agent for more lease/unit info available!

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    © 2021 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Mike Price Realty Team - RE/MAX Centerstone.
    www.mikepricerealestate.com/homes/115764560
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    1023 S State Avenue Indianapolis, IN 46203

    • Price: $499,900
    • Status: Pending
    • Updated: 25 min ago
    • MLS #: 21775576
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1900
    Built
    Neighborhood:
    Morris & Mills
    County:
    Marion
    Area:
    4913 - Marion - Center Se
    School District:
    Indianapolis Public Schools
    Property Description
    Great income-producing 7-unit property in the heart of Fountain Square w/add'l LOT INCLUDED! NEW roof & decking, March 2021. Property is in excellent shape! Units have a mix of hardwoods, laminate & carpet. Ceramic tile in baths & kitchen. Exterior has been painted, several common doors replaced, new entry lights/LED flood lights, & grounds/parking lot restored from winter wear. Romex wiring, copper & PEX plumbing. Basement has new closed-cell foam & 10-mil vapor barrier. Room on electrical panel to add laundry & add'l income! Several long-standing tenants in place, but option to raise rent w/this location. Lot to the south (1027 State) incl in sale & could be another investment opt! Call list agent for more lease/unit info available!
    Exterior Features

    Architectural Style Traditonalamerican Exterior BrickVinyl Foundation Basement-Block Lot Information Access StreetSidewalksStreet Lights Lot Size 6438 Road Frontage Citystreet Unit Parking Parking Lot

    Interior Features

    Basement Yes Baths Total 0.00 Building Information Security System Building Levels Two Laundry Nolaundry Rooms Total 0 Square Foot Main Upper 0

    Property Features

    Building Utilities Separate Electric MeterCable AvailableMunicipal Sewer ConnectedMunicipal Water Connected Conversion No Direct Soliciting No Disclosures Not Applicable Expenses 7879 Gross Operating Income 43020 Inspection Warranties Not Applicable New Construction No Operating Expense InsurancePropTaxesUtilitiesOther Other Disclosures As-IsSales Disclosure On File Possession Tenantrights Possible Financing Conventional Property Sub Type 5+Units Commercial Semi Annual Property Tax Amount 1431 Tax Exemption None Tenant Pays ElectricInsurance Renters Township Center Se Transaction Type Sale Unit Count 1

    Listing provided courtesy of F.C. Tucker Company. © 2021 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


    © 2021 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Mike Price Realty Team - RE/MAX Centerstone.
     
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    Mike Price Realty Team - RE/MAX Centerstone
    3930 Clarks Creek Road
    Plainfield IN, 46168