NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1.17 Acres

Last Sold December 30, 2016

Last sale price $187,000

179 Days on Market

About This Home

As of December 2016

Rare opportunity for multi-family apartment acquisition. Opportunity for value add through construction and updates. 2 two-story buildings located across 4 parcels and over 1 acre. Unique property which includes parking lot, 9-car detached garage parking, common wooded areas, private patios, separate meters. Townhome apartments with ample size and great layout. 3 units currently leased with the remaining units in need of repairs to become rentable. Apartments range from 2 to 3 bedrooms each.

Last Agent to Sell the Property

Chris Price

Keller Williams Indy Metro S License #RB14030267 Listed on: 05/11/2016

Keller Williams Indy Metro S

Last Buyer's Agent

Paula Henry

NextHome Connection

NextHome Connection

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 1.17 Acre Lot
  • Partially Fenced Property

Parking

  • 9 Car Garage
  • Driveway

Home Design

  • Stone

Interior Spaces

  • 2-Story Property
  • Crawl Space

Community Details

  • Sheridan Heights Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance
  • The owner pays for insurance, lawncare, taxes, sewer, water
  • Assessor Parcel Number 490714111157000401

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

0

Parking

9

Listing Details

  • Property Sub Type: 5+Units Commercial
  • Architectural Style: ApartBldg, Apart Complex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2016
  • Year Built: 1960
  • Lot Size Acres: 1.17
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Townhouse
  • Subdivision Name: SHERIDAN HEIGHTS
  • Inspection Warranties: Other
  • Property Description: Rare opportunity for multi-family apartment acquisition. Opportunity for value add through construction and updates. 2 two-story buildings located across 4 parcels and over 1 acre. Unique property which includes parking lot, 9-car detached garage parking, common wooded areas, private patios, separate meters. Townhome apartments with ample size and great layout. 3 units currently leased with the remaining units in need of repairs to become rentable. Apartments range from 2 to 3 bedrooms each.
  • Transaction Type: Sale
  • Website: www.TheIndyPropertySource.com
  • Unit Count: 8
  • Conversion: 0
  • F H A Certified: 0
  • Website: www.IndyCommercialSource.com
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: Two
  • Owner Pays: Insurance, Lawncare, Taxes, Sewer, Water
  • Possible Use: Apt<20
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: ConnAll

Exterior Features

  • Construction Materials: Stone, Wood
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Asphalt, Fence Partial
  • Foundation Details: Crawl Space
  • Road Access: Frontage Road,CityStreet
  • Interstate: Ramp<1Mi

Garage/Parking

  • Garage Spaces: 9
  • Unit Parking: 2 Car Garage,Parking Lot,Paved Area,2 Car Space
  • Auto Parking: 9
  • Auto Surface: Ashpalt
  • Parking Spacesper Unit: 1.1000

Utilities

  • Solid Waste: 1
  • HVAC: Forced air, central air

Lot Info

  • Current Use: Apt<20
  • Parcel Number: 490714111157000401
  • Acres: 1-3 Acres
  • Lot Information: Corner,Sidewalks,Storm Sewer,Street Lights,Wooded
  • Lot Number: 747-749
  • Lot Size: 50965

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance

Tax Info

  • Tax Annual Amount: 5268
  • Semi Annual Property Tax Amt: 2634
  • Tax Exemption: OtherTaxExemption/See Remarks
  • Multiple Tax I D: 490714102016000401

MLS Schools

  • School District: Indianapolis Public Schools

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2016 12/30/16 Sold $187,000 0.0% --
11/09/2016 11/09/16 Off Market $187,000 -- --
11/07/2016 11/07/16 Pending -- -- --
09/15/2016 09/15/16 Price Changed $200,000 -11.1% --
06/22/2016 06/22/16 For Sale $225,000 0.0% --
05/23/2016 05/23/16 Pending -- -- --
05/11/2016 05/11/16 For Sale $225,000 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21416966

MIBOR Broker Listing Cooperative®