1812 W Morris St Indianapolis, IN 46221
West Indianapolis Neighborhood
--
Bed
--
Bath
1,288
Sq Ft
6,098
Sq Ft Lot
About This Home
As of May 2022Investment Opportunity in Indy's bustling Near West Side! This spacious fourplex has what every investor is looking for -- BRRR potential! This property could gross over $2000/mo after renovation with an estimated CoC return of over 9%! Come put the finishing touches on this diamond in the rough!
Last Agent to Sell the Property
Cameron Harris
@properties Listed on: 01/15/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,498
Year Built
- Built in 1930
Home Design
- Traditional Architecture
- Vinyl Siding
Additional Features
- 2-Story Property
- 6,098 Sq Ft Lot
Community Details
- Fleming Place Subdivision
Listing and Financial Details
- Tenant pays for cable TV, insurance
- The owner pays for electricity, gas, inshazard, water
- Assessor Parcel Number 491110139025000101
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 17, 2022
Sold by
Us Home Vault Llc
Bought by
Near West Management Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.51%
Mortgage Type
Construction
Purchase Details
Listed on
Jan 15, 2022
Closed on
Jun 2, 2022
Sold by
Enthrall Capital Investments Llc
Bought by
Us Home Vault Llc
Seller's Agent
Cameron Harris
@properties
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$170,000
Sold Price
$130,000
Premium/Discount to List
-$40,000
-23.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.66%
Purchase Details
Closed on
Feb 19, 2019
Sold by
Mcgm Investments Llc
Bought by
Enthrall Capital Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,550
Interest Rate
4.4%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 16, 2005
Sold by
Conover John P
Bought by
Conover Claire M
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Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $150,000 | Investors Title | |
| Warranty Deed | $130,000 | Hall Render Killian Heath & Ly | |
| Warranty Deed | -- | Investors Title | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $235,200 | New Conventional | |
| Closed | $150,000 | Construction | |
| Closed | $150,000 | No Value Available | |
| Previous Owner | $45,550 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/16/2022 05/16/22 | Sold | $130,000 | -7.1% | $101 / Sq Ft |
| 05/10/2022 05/10/22 | Pending | -- | -- | -- |
| 05/06/2022 05/06/22 | Price Changed | $140,000 | -17.6% | $109 / Sq Ft |
| 05/06/2022 05/06/22 | For Sale | $170,000 | +30.8% | $132 / Sq Ft |
| 03/07/2022 03/07/22 | Pending | -- | -- | -- |
| 03/06/2022 03/06/22 | Off Market | $130,000 | -- | -- |
| 03/03/2022 03/03/22 | For Sale | -- | -- | -- |
| 01/16/2022 01/16/22 | Pending | -- | -- | -- |
| 01/15/2022 01/15/22 | For Sale | $170,000 | +341.6% | $132 / Sq Ft |
| 12/17/2013 12/17/13 | Sold | $38,500 | -30.0% | $65 / Sq Ft |
| 11/30/2013 11/30/13 | Pending | -- | -- | -- |
| 10/18/2013 10/18/13 | For Sale | $55,000 | -- | $94 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $2,824 | $275,300 | $14,500 | $260,800 |
| 2023 | $2,824 | $112,100 | $6,900 | $105,200 |
| 2022 | $2,822 | $115,300 | $6,900 | $108,400 |
| 2021 | $2,016 | $83,100 | $6,900 | $76,200 |
| 2020 | $1,596 | $64,700 | $6,900 | $57,800 |
| 2019 | $1,810 | $61,900 | $6,900 | $55,000 |
| 2018 | $1,522 | $59,900 | $6,900 | $53,000 |
| 2017 | $1,217 | $52,900 | $6,900 | $46,000 |
| 2016 | $1,150 | $50,900 | $6,900 | $44,000 |
| 2014 | $1,053 | $48,700 | $6,900 | $41,800 |
| 2013 | $1,299 | $59,100 | $6,900 | $52,200 |
Source: Public Records
Agents Affiliated with this Home
-
C
Seller's Agent in 2022
Cameron Harris
@properties
-
Non-BLC Member
N
Buyer's Agent in 2022
Non-BLC Member
MIBOR REALTOR® Association
-
I
Buyer's Agent in 2022
IUO Non-BLC Member
Non-BLC Office
-
c
Seller's Agent in 2013
cindy king
Carpenter, REALTORS®
-
T
Buyer's Agent in 2013
Tessa Robbins
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21833417
APN: 49-11-10-139-025.000-101
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