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2334 Central Avenue

Indianapolis, IN 46205
  • $405,000
  • STATUS: Active
  • ON SITE: 94 Days
  • MLS #: 21820141
UPDATED: 38 min ago
$405,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

School District:

Description

Fully Leased, rehabbed, easily rented tri-plex on the cusp of Fall Creek Place. OWNER, has made a many capital improvements to this building since his ownership. New roof, windows, appliances, bathrooms remodeled, upgraded & remodeled kitchens, flooring and new paint throughout. Leases are in place with only one tenant going month to month. AS IS SALE. TENANTS are not aware of the sale. NO WALKING OR STOPPING ON THE PROPERTY FOR THEIR PRIVACY AND SAFETY! Absolutely NO SHOWINGS, without proof of funds. Rents are below market rents in the area which will raise the cap rate from a 7 to a 9. Contact agent for details, etc.

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© 2022 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Ferris Property Group.
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2334 Central Avenue Indianapolis, IN 46205

  • Price: $405,000
  • Status: Active
  • On Site: 94 Days
  • Updated: 38 min ago
  • MLS #: 21820141
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1915
Built
Neighborhood:
Stevensons
County:
Marion
Area:
4912 - Marion - Center Ne
School District:
Indianapolis Public Schools
Property Description
Fully Leased, rehabbed, easily rented tri-plex on the cusp of Fall Creek Place. OWNER, has made a many capital improvements to this building since his ownership. New roof, windows, appliances, bathrooms remodeled, upgraded & remodeled kitchens, flooring and new paint throughout. Leases are in place with only one tenant going month to month. AS IS SALE. TENANTS are not aware of the sale. NO WALKING OR STOPPING ON THE PROPERTY FOR THEIR PRIVACY AND SAFETY! Absolutely NO SHOWINGS, without proof of funds. Rents are below market rents in the area which will raise the cap rate from a 7 to a 9. Contact agent for details, etc.
Exterior Features

Architectural Style Tudor Auto Surface 2 Construction Materials StuccoWood Levels TwoBasement Lot Information Access AlleyAccess Street Lot Size 5532 Road Access Citystreet Road Frontage Type City Street Road Surface Type Concrete Structure Type Triplex Unit Parking Guest ParkingOn Street

Interior Features

Basement YN Yes Full Baths MU 0 Half Baths MU 0 Rooms MU 0 Rooms Total MU 0 Sq Ft Main Upper 0

Property Features

Acres <1/4 Acre Building Information Smoke Alarm Building Utilities Separate Electric MeterSeparate Gas Meter Contingency Act With No Contingency Current Financing Cash Only Disclosure Other As-IsSales Disclosure On File Disclosures Not Applicable Dpr YN Yes Expenses 6548 Green Certification YN No Gross Operating Income 32820 Gross Potential Income 43200 Interstate Ramp>5Mi Laundry Connections Some Lot Number 9 Net Operating Income 26272 New Construction YN No Number Of Units Total 3 Operating Expense Includes InsuranceMaintenancePropTaxesRepairsUtilities Possession Negotiable Possible Use Apt<20 Property Sub Type Residential Units - 1 To 4 Rooms Total 0 Semi Annual Property Tax Amt 2284 Solid Waste Yes Tax Exemption None Tax Year 2020 Tenant Pays Cable TvElectricityGasInsurance Township Center Ne Transaction Type Sale

Listing provided courtesy of Fischer & Associates, Inc.. © 2022 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2022 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Ferris Property Group.
 
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Ferris Property Group
5868 E. 71st Street, Suite E-609
Indianapolis IN, 46220