- – beds
- – baths
- – sqft
- 9,583 sqft lot
- 1955 build
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This is the inventory you've been looking for! Discover this fully renovated multi-unit opportunity for both investors and house hackers alike. Nestled in the desirable Mapleton-Fall Creek neighborhood, this property features upgrades, including a new roof, new windows, and new LVP flooring throughout. Modernized appliances, HVAC systems, plumbing, and electrical work as well. The property features 3 kitchens, 4 total bathrooms, and 5 "bedrooms" catering to the needs of multiple uses. There is ample parking space for a large number of occupants as well. The main unit offers a spacious layout with three bedrooms, two bathrooms, abundant closet and pantry space, and an in-unit washer and dryer. Additionally, a versatile studio or guest/office space is located at the back of the property, complete with a private entrance, in-suite kitchen, and full bathroom, perfect for visitors, tenants, or a small business. The expansive upstairs area includes one bedroom, one bathroom, and a dedicated office/flex space. This property is not only a fantastic investment, but also a perfect solution for those looking to offset their mortgage with rental income. The property is on 3 separate electric meters and 1 water meter. The anticipated target rent is approx $1,800, $1,100, & $800 = $3,700. The property is fully vacant and being sold in AS IS condition.
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Last updated Jul 28, 2024
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MLS# 21985563 —
The Building
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Year Built:1955
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New Construction:false
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Construction Materials:Stucco
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Levels:Two
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Roof:Shingle
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Basement:true
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Foundation Details:Block
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Green Certification:No
Financial & Terms
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Buyer Financing:Conventional
Location
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Directions:GPS Friendly
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Latitude:39.818093
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Longitude:-86.141247
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Triplex
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Parcel Number:490624161126000101
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Acres:<1/4 Acre
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Lot Size Acres:0.22
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Lot Size SqFt:9,583 Sqft
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Price Per Acre:1659091
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Property Condition:Updated/Remodeled
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Additional Parcels:false
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Fence:Yes
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Current Use:Vacant
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Road Access:Frontage Road
Listing Agent
- Contact info:
- Agent phone:
- (270) 300-8509
- Office phone:
- (317) 548-2145
Taxes
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Tax Lot:1041347
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Tax Year:2023
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Semi Annual Property Tax Amt:1330
Heating & Cooling
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Heating:Forced Air
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Cooling:Central Electric
Utilities
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Building Utilities:Municipal Storm Connected
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Solid Waste:No
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Mapleton-Fall Creek
Parking
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Parking:Guest Parking
Extra Units
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# of Units Total:3
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/24/24
Jul 24, 2024
|
Sold | MIBOR | $365,000 | -5.2% |
7/3/24
Jul 3, 2024
|
Pending | MIBOR | $385,000 | |
6/17/24
Jun 17, 2024
|
Listed / Active | MIBOR | $385,000 | 161.9% (72.8% / YR) |