NOT LISTED FOR SALE

1115 N Rural St Unit A-F Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $223,000 - $376,298

2 Beds
-- Bath
-- Sq Ft
6,080 Sq Ft Lot

Last Sold September 20, 2023

Last sale price $345,000

Est. 16% decrease in value since last sale

Current estimated payment $1,940/month

75 Days on Market

About This Home

As of September 2023

Six (6) unit apartment building with Six (6) electric meters, grandfathered in. Five of the units have been completely turned over and Manager is stocking with fresh new tenants at $600+ per unit. Electrical being brought up to code, and many other upgrades have been made to make it a turn-key investment. Built in shelves & washer/dryer hookups are in place. Finished off with new flooring and paint throughout, this is a no brainer. New sump pump and sump pit in basement to keep it all dry. Act fast if you want to buy this as an owner-occupied property, reserving one of the units for yourself, before we get them all rented. Incredible investment at only $58k per unit.

Last Agent to Sell the Property

Mark Jones

PMI Midwest License #RB14036355 Listed on: 05/31/2023

Last Buyer's Agent

Kimberly Owens

Triple E Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,778

Year Built

  • Built in 1910

Lot Details

  • 6,080

Parking

  • Alley Access

Home Design

  • Quadruplex
  • Traditional Architecture
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector

Additional Features

  • 6,080 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • Vajens South Brookside Subdivision

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 490732193170000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,778

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Fourplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1910
  • Structure Type: Apartment Building
  • Subdivision Name: Vajens South Brookside
  • Transaction Type: Sale
  • Conversion: Yes
  • MBR_AttributionContact: jsibol@midwestpmi.com
  • Special Features: None

Interior Features

  • Levels: Two
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 349000
  • Road Access: Not Applic

Garage/Parking

  • Parking Features: Alley Access
  • Unit Parking: Guest Parking,On Street

Utilities

  • Laundry Features: Other
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: Busline, Curbs, Storm Sewer
  • Additional Parcels: No
  • Current Use: Apt>20
  • Lot Size Sq Ft: 6080
  • Parcel Number: 490732193170000101
  • Zoning: 0
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1778
  • Tax Lot: 13
  • Semi Annual Property Tax Amt: 889
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2023
Closed on
Sep 12, 2023
Sold by
Lions Belly Llc
Bought by
Gifted Touch Llc
Seller's Agent
Mark Jones
PMI Midwest
Buyer's Agent
Kimberly Owens
Triple E Realty, LLC
List Price
$349,000
Sold Price
$345,000
Premium/Discount to List
-$4,000
-1.15%
Views
149
Current Estimated Value
$289,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,226
Avg. Annual Appreciation
-7.22%
Original Mortgage
$180,000
Outstanding Balance
$176,482
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$123,167

Purchase Details

Closed on
May 4, 2022
Sold by
Miller Ronald L
Bought by
Lions Belly Llc

Purchase Details

Closed on
Apr 27, 2022
Sold by
Miller Ronald L
Bought by
Lions Belly Llc

Purchase Details

Closed on
Apr 25, 2022
Sold by
Miller Ronald L
Bought by
Lions Belly Llc

Purchase Details

Closed on
Nov 14, 2005
Sold by
Hannon Terrance P and Hannon Roberta M
Bought by
Miller Ronald L
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gifted Touch Llc $345,000 Investors Title
Lions Belly Llc -- Hocker Janet Davis
Lions Belly Llc -- None Listed On Document
Lions Belly Llc $175,000 Hocker Janet Davis
Miller Ronald L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gifted Touch Llc $180,000
Previous Owner Miller Ronald L $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2023 09/20/23 Sold $345,000 -1.1% --
08/15/2023 08/15/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $349,000 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,340 $296,600 $8,400 $288,200
2023 $4,340 $178,500 $4,200 $174,300
2022 $2,033 $140,200 $4,200 $136,000
2021 $1,774 $72,500 $3,800 $68,700
2020 $1,778 $72,500 $3,800 $68,700
2019 $1,738 $69,500 $3,800 $65,700
2018 $1,750 $69,500 $3,800 $65,700
2017 $1,512 $66,900 $3,800 $63,100
2016 $1,407 $63,400 $3,800 $59,600
2014 $1,364 $63,100 $3,800 $59,300
2013 $1,314 $63,200 $3,900 $59,300
Source: Public Records

Agents Affiliated with this Home

  • Mark Jones

    Seller's Agent in 2023

    Mark Jones

    PMI Midwest

    (463) 207-9326

    25 in this area

    135 Total Sales

    Section Image

  • K

    Buyer's Agent in 2023

    Kimberly Owens

    Triple E Realty

    Section Image
  • Kimberly Yarrell

    Buyer's Agent in 2023

    Kimberly Yarrell

    Triple E Realty, LLC

    (317) 910-5562

    9 in this area

    58 Total Sales

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21924205

MIBOR Broker Listing Cooperative®

APN: 49-07-32-193-170.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

1115 N Rural St Unit A-F, Indianapolis, IN

This home is located at 1115 N Rural St Unit A-F, Indianapolis, IN 46201 since 31 May 2023 and is currently estimated at $299,649. This property was built in 1910. 1115 N Rural St Unit A-F is a home located in Marion County with nearby schools including Brookside School 54, Arlington Community Middle School, and Arsenal Technical High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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