Seller's Agent in 2024
Kathryn Teltow
Highgarden Real Estate
(765) 228-1204
2 in this area
163 Total Sales
1635 Central Ave Indianapolis, IN 46202
Near Northside NeighborhoodEstimated Value: $1,222,019
Studio
1
Bath
--
Sq Ft
5,227
Sq Ft Lot
About This Home
As of March 2024Exciting opportunity in Indianapolis! This multi-unit complex, perfectly situated on the dividing line between the highly sought-after neighborhoods of Herron Morton and The Old Northside, presents an incredible chance for a seasoned landlord or an investor eager to venture into multifamily ownership. Comprising three solid, all brick quad units, this property boasts a total of 12 spacious two-bedroom, one-bathroom apartments. With a remarkable 94% occupancy rate over the last decade, this cash-flowing complex has consistently proven its stability and profitability. Don't miss out on this fantastic investment opportunity and embrace the potential of Indianapolis real estate!"
Last Agent to Sell the Property
Highgarden Real Estate Brokerage Email: kteltow@highgarden.com License #RB19000241 Listed on: 02/08/2024
Last Buyer's Agent
Emily Huskey
Keller Williams Indy Metro W
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,324
Year Built
- Built in 1930
Lot Details
- 5,032
Home Design
- Quadruplex
Interior Spaces
- 2-Story Property
- Laundry in Basement
- Fire and Smoke Detector
Additional Features
- 5,032 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- Ritters Sub Johnson Subdivision
Listing and Financial Details
- Tenant pays for security, cable TV, electricity, insurance
- The owner pays for lawncare, sewer, water
- Tax Lot 2
- Assessor Parcel Number 490636145012000101
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 8, 2024
Closed on
Mar 28, 2024
Sold by
Wedge Pond Llc
Bought by
Pace Enterprise Llc
Seller's Agent
Kathryn Teltow
Highgarden Real Estate
Buyer's Agent
Emily Huskey
Keller Williams Indy Metro W
List Price
$1,400,000
Sold Price
$1,200,000
Premium/Discount to List
-$200,000
-14.29%
Views
51
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,019
Avg. Annual Appreciation
0.93%
Original Mortgage
$900,000
Outstanding Balance
$587,897
Interest Rate
6.29%
Mortgage Type
New Conventional
Estimated Equity
$634,122
Purchase Details
Closed on
Dec 21, 2012
Sold by
Mbr Ron Mears Mnging
Bought by
Cao Beihua
Purchase Details
Closed on
Feb 25, 2011
Sold by
S & B Investment Group Llc
Bought by
Cossner Creek Properties Llc
Purchase Details
Closed on
Oct 19, 2010
Sold by
Crumpton Erma
Bought by
S & B Investment Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,684
Interest Rate
4.31%
Mortgage Type
Commercial
Purchase Details
Closed on
May 27, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
S & B Investments Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,076
Interest Rate
4.86%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pace Enterprise Llc | -- | None Listed On Document | |
| Cao Beihua | $75,000 | -- | |
| Cossner Creek Properties Llc | -- | First American Title Ins Co | |
| S & B Investment Group Llc | -- | First American Title Ins Co | |
| S & B Investments Group Llc | -- | Resource Title Of Cincinnati |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pace Enterprise Llc | $900,000 | |
| Previous Owner | S & B Investment Group Llc | $44,684 | |
| Previous Owner | S & B Investments Group Llc | $26,076 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/28/2024 03/28/24 | Sold | $1,200,000 | -14.3% | -- |
| 02/15/2024 02/15/24 | Pending | -- | -- | -- |
| 02/08/2024 02/08/24 | For Sale | $1,400,000 | 0.0% | -- |
| 03/26/2021 03/26/21 | Rented | $795 | 0.0% | -- |
| 11/17/2020 11/17/20 | For Rent | $795 | +6.0% | -- |
| 04/12/2017 04/12/17 | Rented | $750 | 0.0% | -- |
| 04/04/2017 04/04/17 | For Rent | $750 | 0.0% | -- |
| 12/19/2016 12/19/16 | Off Market | $750 | -- | -- |
| 12/14/2016 12/14/16 | For Rent | $750 | 0.0% | -- |
| 11/14/2016 11/14/16 | Off Market | $750 | -- | -- |
| 11/03/2016 11/03/16 | For Rent | $750 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
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 |
|---|---|---|---|---|
| 2025 | $9,036 | $381,000 | $48,900 | $332,100 |
| 2024 | $5,333 | $380,800 | $48,900 | $331,900 |
| 2023 | $5,333 | $221,700 | $12,200 | $209,500 |
| 2022 | $4,825 | $180,500 | $12,200 | $168,300 |
| 2021 | $4,393 | $187,400 | $11,100 | $176,300 |
| 2020 | $4,407 | $187,400 | $11,100 | $176,300 |
| 2019 | $4,763 | $199,000 | $11,100 | $187,900 |
| 2018 | $4,803 | $199,000 | $11,100 | $187,900 |
| 2017 | $4,154 | $192,800 | $11,100 | $181,700 |
| 2016 | $3,874 | $183,700 | $11,100 | $172,600 |
| 2014 | $701 | $32,400 | $11,100 | $21,300 |
| 2013 | $676 | $32,500 | $11,200 | $21,300 |
Source: Public Records
Agents Affiliated with this Home
-
Kathryn Teltow
-
E
Buyer's Agent in 2024
Emily Huskey
Keller Williams Indy Metro W
-
John Stainbrook
J
Seller's Agent in 2021
John Stainbrook
Alpine Leasing
(317) 500-2248
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21962939
APN: 49-06-36-145-012.000-101
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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.
Based on information submitted to the MLS GRID
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