NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
0.48 Acres Lot

Sale Details

Date Sold: January 15, 2021

Last sale price $550,000

27 Days on Market

About This Home

As of January 2021

This is a unique opportunity to own a 16 unit apartment complex near downtown, Metro Sports Complex, Indpls Museum of Art & State Fairgrounds. Located on the "Red Line' with LOADS of potential and character, lots of natural light, arched doorways and good sized units. (8) 1 bedrooms and (8) 2 bedrooms with sq footage to reconfigure if desired. 13 are occupied with long term tenants and appliances. 3 are gutted and ready for reno to increase earning potential. Rubber roof only 4 years old! Some new windows, all units have electric furnaces (tenant paid) from 2007. Laundry in 2 units. Complex consists of 4 buildings, connected at corners by brick facade with a good sized grassy courtyard and decks out back with separate entries in the rear.

Last Agent to Sell the Property

Jacqueline Trout-Huser

First Focus Realty LLC License #RB14045597 Listed on: 11/04/2020

Last Buyer's Agent

Non-BLC Member

MIBOR REALTOR® Association

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,684

Year Built

  • Built in 1927

Lot Details

  • 20,909 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation

Listing and Financial Details

  • Tenant pays for cable tv electricity
  • The owner pays for insurance insurance taxes sewer trash collection water
  • Assessor Parcel Number 490613118015000801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,684

Year Built

Built in 1927

Lot Details

0.48 Acres

Listing Details

  • Property Sub Type: 5+Units Commercial
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1927
  • Lot Size Acres: 0.48
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: This is a unique opportunity to own a 16 unit apartment complex near downtown, Metro Sports Complex, Indpls Museum of Art & State Fairgrounds. Located on the "Red Line' with LOADS of potential and character, lots of natural light, arched doorways and good sized units. (8) 1 bedrooms and (8) 2 bedrooms with sq footage to reconfigure if desired. 13 are occupied with long term tenants and appliances. 3 are gutted and ready for reno to increase earning potential. Rubber roof only 4 years old! Some new windows, all units have electric furnaces (tenant paid) from 2007. Laundry in 2 units. Complex consists of 4 buildings, connected at corners by brick facade with a good sized grassy courtyard and decks out back with separate entries in the rear.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two,Basement
  • Owner Pays: Insurance,Insurance,Taxes,Sewer,Trash Collection,Water
  • Possible Use: Apt<20
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 21400
  • Laundry: Connections Some

Exterior Features

  • Roof: Flat
  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • Road Access: CityStreet

Garage/Parking

  • Unit Parking: On Street,Paved Area

Utilities

  • Solid Waste: 0
  • HVAC: electric

Fee Information

  • Insurance Expenses: 760

Lot Info

  • Current Use: Apt<20
  • Parcel Number: 490613118015000801
  • Zoning: mult
  • Acres: 1/4-1/2 Acre
  • Lot Information: Access Alley,Access Street,Busline,Sidewalks
  • Lot Number: 19
  • Lot Size: 20735

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV,Electricity

Tax Info

  • Tax Annual Amount: 7684
  • Semi Annual Property Tax Amt: 3842
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2021 01/15/21 Sold $550,000 -23.1% --
12/02/2020 12/02/20 Pending -- -- --
11/04/2020 11/04/20 For Sale $715,000 +81.0% --
06/04/2013 06/04/13 Sold $395,000 -28.2% -- View Prior Sale
05/16/2013 05/16/13 Pending -- -- --
11/20/2012 11/20/12 For Sale $550,000 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,853 $614,500 $53,900 $560,600
2024 $11,018 $499,500 $53,900 $445,600
2023 $11,018 $454,300 $27,000 $427,300
2022 $8,597 $354,200 $27,000 $327,200
2021 $7,809 $328,700 $24,500 $304,200
2020 $7,830 $328,700 $24,500 $304,200
2019 $7,895 $325,500 $24,500 $301,000
2018 $7,957 $325,500 $24,500 $301,000
2017 $8,543 $316,300 $24,500 $291,800
2016 $6,493 $303,500 $24,500 $279,000
2014 $6,385 $295,300 $24,500 $270,800
2013 $5,746 $295,400 $24,600 $270,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21750254

MIBOR Broker Listing Cooperative®
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