Easy to rent and very well-maintained 4-unit rental makes for an excellent investment opportunity. The units have stayed rented throughout the ownership. New gutters, downspouts, soffits, and exterior trim work, all freshly painted. Two units currently vacant were updated throughout and are available for immediate showings. Based on updates, annual gross rents are projected to be $27,960. The purchase comes with the adjacent vacant lot that is zoned for a 16-unit building. So, you have additional space for more units. Located on major bus line, convenient to both downtown and the popular Irvington area.
Listing courtesy of MIBOR / CENTURY 21 Scheetz
Last checked:
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Last updated Apr 20, 2024
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MLS# 21519313 —
The Building
Year Built:
1957
New Construction:
false
Construction Materials:
Brick,Wood
Architectural Style:
TradAmer
Levels:
One,Basement
Foundation Details:
Block
Green Certification:
No
Building Information:
Smoke Alarm
Building Area Source:
Assessor
Interior
Laundry:
NoLaundry
Location
Directions:
5002 is just west of Emerson on the northside of Washington St.
The Property
View:
true
Property Type:
Residential Income
Property Subtype:
1-4 Units Residential
Property Description:
Easy to rent and very well-maintained 4-unit rental makes for an excellent investment opportunity. The units have stayed rented throughout the ownership. New gutters, downspouts, soffits, and exterior trim work, all freshly painted. Two units currently vacant were updated throughout and are available for immediate showings. Based on updates, annual gross rents are projected to be $27,960. The purchase comes with the adjacent vacant lot that is zoned for a 16-unit building. So, you have additional space for more units. Located on major bus line, convenient to both downtown and the popular Irvington area.
Parcel Number:
491004132013000101
Acres:
1/4-1/2 Acre
Lot Number:
33
Lot Information:
Corner
Lot Size:
140x95
Lot Size Acres:
0.32
Structure Type:
Quadruplex
Listing Agent
Contact info:
Agent phone:
(317) 705-2500
Office phone:
(317) 705-2500
Taxes
Tax Year:
2016
Tax Exemptions:
None
Semi Annual Property Tax Amt:
582
The Listing
Disclosures:
Not Applicable
Inspection Warranties:
Not Applicable
Utilities
Building Utilities:
Gas Connected,Municipal Sewer Connected,Municipal Water Connected
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
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
10/31/03
Oct 31, 2003
MIBOR
$73,000
23.7% (7.2% / YR)
7/17/00
Jul 17, 2000
MIBOR
$59,000
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Multifamily
Sold
on 1/11/2018
$142,500
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Listing provided by broker:
Trent Wood
CENTURY 21 Scheetz
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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Listing Courtesy of: MIBOR
and CENTURY 21 Scheetz.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
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Last updated Apr 20, 2024
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