7944 E 49TH Street

    Lawrence, IN 46226
    • $575,000
    • STATUS: Pending
    • ON SITE: 82 days
    • MLS #: 21548451
    Under Contract
    UPDATED: 51 min ago
    $575,000
    • 0
      BEDS
    • 0.55
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    School District:

    Description

    BRICK 2-STORY BUILDING WITH A BASEMENT AND ASPHALT PARKING FOR APPROX 30 VEHICLES. THERE ARE 11 2-BEDROOM/1BATHROOM UNITS ON THE FIRST AND SECOND FLOORS PLUS 1 EFFICIENCY UNIT IN THE BASEMENT. AT THIS TIME THE PROPERTY IS FULLY OCCUPIED EXCEPT FOR THE EFFICIENCY (CURRENTLY USED FOR STORAGE). EACH UNIT IS SEPARATELY METERED FOR GAS AND ELECTRICITY. THIS IS AN EXCELLENT INVESTMENT OPPORTUNITY WITH A GOOD ECONOMIC RETURN.AS AN OWNER MANAGED PROPERTY, THIS RETURNS A POTENTIAL NET INCOME OF NEARLY $5,000 PER MONTH (NOT INCLUDING THE VACANT EFFICIENCY APARTMENT).

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    © 2018 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/81117944

    7944 E 49TH Street Lawrence, IN 46226

    • Price: $575,000
    • Status: Pending
    • Updated: 51 min ago
    • MLS #: 21548451
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.55
    Acres
    1964
    Built
    Neighborhood:
    North Lawrence Park
    County:
    Marion
    Area:
    4904 - Marion - Lawrence
    School District:
    Lawrence Township
    Property Description
    BRICK 2-STORY BUILDING WITH A BASEMENT AND ASPHALT PARKING FOR APPROX 30 VEHICLES. THERE ARE 11 2-BEDROOM/1BATHROOM UNITS ON THE FIRST AND SECOND FLOORS PLUS 1 EFFICIENCY UNIT IN THE BASEMENT. AT THIS TIME THE PROPERTY IS FULLY OCCUPIED EXCEPT FOR THE EFFICIENCY (CURRENTLY USED FOR STORAGE). EACH UNIT IS SEPARATELY METERED FOR GAS AND ELECTRICITY. THIS IS AN EXCELLENT INVESTMENT OPPORTUNITY WITH A GOOD ECONOMIC RETURN.AS AN OWNER MANAGED PROPERTY, THIS RETURNS A POTENTIAL NET INCOME OF NEARLY $5,000 PER MONTH (NOT INCLUDING THE VACANT EFFICIENCY APARTMENT).
    Exterior Features

    Architectural Style ApartbldgTradamer Construction Stage Completed Exterior Brick Exterior Amenities Driveway Asphalt Foundation Basement-Block Lot Information BuslineCornerStorm SewerStreet LightsZoned Lot Size 23827 Road Access Citystreet Road Frontage Citystreet Road Surface Asphalt Unit Parking Parking LotPaved Area

    Interior Features

    Basement Yes Baths Total 0.00 Building Information Smoke AlarmStorage Building Levels Two Laundry Common Rooms Total 0 Square Foot Main Upper 0

    Property Features

    Builder Project Contractor Name Lawrence North Park Building Utilities ElectricSeperate Gas MeterSewerWaterMunicipal Storm ConnectedMunicipal Sewer ConnectedMunicipal Water ConnectedStorm Sewer Circumstance Of Sale None Conversion No Direct Soliciting No Disclosures Not Applicable Expenses 29844 Fha Certified No Gross Operating Income 75180 Gross Potential Income 79680 Inspection Warranties Not Applicable Investment Yes Net Operating Income 49836 New Construction No Number Of Carports 0 Operating Expense InsuranceMaintenancePropTaxesRepairsUtilities Other Disclosures None Possession Atclosing Possible Financing Conventional Present Use Apt<20 Property Sub Type 5+Units Commercial Proposed Use Apt<20 Semi Annual Property Tax Amount 1682 Tax Exemption None Tenant Pays CableCarpet CleaningElectricGasInsurance Renters Township Lawrence Transaction Type Sale Unit Count 2 Zoning D-3

    Listing provided courtesy of Hurwitz Company. © 2018 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


    © 2018 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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