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1023 S State AVE Indianapolis, IN 46203
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Key Details
Sold Price $510,000
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Subdivision Morris & Mills
MLS Listing ID 21775576
Sold Date 06/03/21
Year Built 1900
Tax Year 2019
Lot Size 6,438 Sqft
Acres 0.1478
Property Sub-Type Multi-Family 5+
Property Description
Great income-producing 7-unit property in the heart of Fountain Square w/add'l LOT INCLUDED! NEW roof & decking, March 2021. Property is in excellent shape! Units have a mix of hardwoods, laminate & carpet. Ceramic tile in baths & kitchen. Exterior has been painted, several common doors replaced, new entry lights/LED flood lights, & grounds/parking lot restored from winter wear. Romex wiring, copper & PEX plumbing. Basement has new closed-cell foam & 10-mil vapor barrier. Room on electrical panel to add laundry & add'l income! Several long-standing tenants in place, but option to raise rent w/this location. Lot to the south (1027 State) incl in sale & could be another investment opt! Call list agent for more lease/unit info available!
Location
State IN
County Marion
Interior
Cooling Separate Meters
Fireplace N
Exterior
Utilities Available Cable Available, Sewer Connected, Water Connected
Building
Story Two
Foundation Block
Structure Type Brick,Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools
Others
Acceptable Financing Conventional
Listing Terms Conventional
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