Six (6) unit apartment building with Six (6) electric meters, grandfathered in. Five of the units have been completely turned over and Manager is stocking with fresh new tenants at $600+ per unit. Electrical being brought up to code, and many other upgrades have been made to make it a turn-key investment. Built in shelves & washer/dryer hookups are in place. Finished off with new flooring and paint throughout, this is a no brainer. New sump pump and sump pit in basement to keep it all dry. Act fast if you want to buy this as an owner-occupied property, reserving one of the units for yourself, before we get them all rented. Incredible investment at only $58k per unit.
Multi-familyProperty Type
1910Year Built
6,080 sq ftLot Size
Listed by Mark Jones• PMI Midwest
Contact: jsibol@midwestpmi.com
Bought with Kimberly Yarrell• Triple E Realty, LLC
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
40 ft.
Lot depth
152 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Marion County
APN
490732193170000101
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 31, 2023.
D5
COMPACT
Dwelling District Five
The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.
Zone overlays
Compact Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space
Property details
Parking
Parking Information
Unit Parking: Guest Parking,On Street
Parking Features: Alley Access
Interior
Laundry Room Information
Laundry Features: Other
Multi-Family Financial Information
Net Operating Income: 0
Gross Income: 0
Expenses: 0
Multi-Unit Information
# of Units: 4
Unit Type 1 Information
Kitchen: 100
Levels: 1
Miscellaneous: Other, Range/Oven, Refrigrater
Rent: 600
Rent Frequency: Monthly
Utilities: Fuel Gas, Heat Forced, Other
Unit Type 2 Information
Kitchen: 100
Levels: 1
Miscellaneous: Range/Oven,Refrigrater
Rent: 600
Rent Frequency: Monthly
Utilities: Fuel Gas,Heat Forced
Unit Type 3 Information
Kitchen: 100
Levels: 1
Miscellaneous: Range/Oven,Refrigrater
Rent Frequency: Monthly
Rent: 600
Utilities: Fuel Gas,Heat Forced
Unit Type 4 Information
Kitchen: 100
Levels: 1
Miscellaneous: Range/Oven,Refrigrater
Rent: 600
Rent Frequency: Monthly
Utilities: Fuel Gas,Heat Forced
Unit Type 5 Information
Kitchen: 100
Levels: 1
Miscellaneous: Range/Oven,Refrigrater
Rent: 600
Rent Frequency: Monthly
Utilities: Fuel Gas,Heat Forced
Unit Type 6 Information
Kitchen: 100
Levels: 1
Miscellaneous: Range/Oven,Refrigrater
Rent: 475
Rent Frequency: Monthly
Utilities: Fuel Gas,Heat Forced
Exterior
Property Features
Conversion: Yes
Property Information
Property Type: Residential Income
Property Sub Type: Fourplex
Zoning: 0
Land Information
Current Use: Apt>20
Acres: <1/4 Acre
Lot Information
Lot Size Acres: 0
Lot Features: Busline, Curbs, Storm Sewer
Road Access: Not Applic
Utilities
Utility Information
Solid Waste Information: Yes
Building Utilities: Municipal Storm Connected,Storm Sewer
Location
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: From 10th and Rural Street head north onto Rural. Home will be on right side of the street.
Tax Legal Description: VAJEN S SOUTH BROOKSIDE
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Marion County
APN: 490732193170000101
Home facts updated by county records on May 31, 2023
Other
Listing Information
Attribution Contact: jsibol@midwestpmi.com
Green Information
Green Certification YN: No
Home Information
Construction Materials: Aluminum Siding
Structure Type: Apartment Building
Levels: Two
Security Features: Smoke Alarm
Around this home
Schools
Brookside School 54
Public PreK-5 • Assigned • 0.2mi
3/10
H.L. Harshman Magnet Middle School
Public 6-8 • Assigned • 0.9mi
10/10
Arsenal Technical High School
Public 9-12 • Assigned • 1.0mi
2/10
Purdue Polytechnic High School - Englewood
Charter 9-12 • Assigned • 1.0mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 19 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46201
Average low and high temperatures (°F)
32
18
42
26
61
40
68
48
72
54
83
66
87
71
82
65
81
60
70
50
54
40
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$291,000 – $352,000
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