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516-522 E Raymond Street

Indianapolis, IN 46203
  • $310,000
  • STATUS: Active
  • ON SITE: 489 days
  • MLS #: 21694369
$310,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

School District:

Description

Great income producing property with a diversified tenant base. Average number of years for tenant base is approx. 4 yrs. High CAP rate 12-14%. Purchase Price is approx. $37 per sq ft. Consistent monthly income even during COV-19. Main building has 5 residential units plus a catering kitchen that is Board of Health approved. The main building has an additional unit that needs finished. The single family home is leased plus there is a vacate lot for future parking needs. Tenants have access to large paved parking lot off East St via parking agreement.

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© 2021 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 The Evelo Team.
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516-522 E Raymond Street Indianapolis, IN 46203

  • Price: $310,000
  • Status: Active
  • MLS #: 21694369
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1951
Built
Neighborhood:
B Mussmans Raymond St Sub
County:
Marion
Area:
4913 - Marion - Center Se
School District:
Indianapolis Public Schools
Property Description
Great income producing property with a diversified tenant base. Average number of years for tenant base is approx. 4 yrs. High CAP rate 12-14%. Purchase Price is approx. $37 per sq ft. Consistent monthly income even during COV-19. Main building has 5 residential units plus a catering kitchen that is Board of Health approved. The main building has an additional unit that needs finished. The single family home is leased plus there is a vacate lot for future parking needs. Tenants have access to large paved parking lot off East St via parking agreement.
Exterior Features

Acres 1/4-1/2 Acre Architectural Style Other Construction Materials WoodWood With Stone Foundation Details Block Lot Information Access AlleyAccess StreetBuslineSidewalks Structure Type Apartment Building Unit Parking Parking Lot

Interior Features

Rooms Total 0 Sq Ft Main Upper 0 Trans Type Sale

Property Features

Contingency Act With No Contingency Current Financing ContractConventional1031ExchangeOwner Disclosure Other Flood PlainNone Disclosures Not Applicable Green Certification YN No Inspection Warranties Not Applicable Laundry Common Lot Number 3 Lot Size 12632 Net Operating Income 45513 New Construction YN No Owner Pays InsHazardInsuranceInsurance Possession NegotiableTenantrights Property Attached YN No Property Sub Type 5+Units Commercial REORelocation YN No Semi Annual Property Tax Amt 1694 Tax Exemption None Tax Year 2019 Tenant Pays SecurityCable TvElectricityGasInsuranceAll UtilitiesWater Township Center Se

Listing provided courtesy of Mark Dietel Realty, Llc. © 2021 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2021 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 The Evelo Team.
 
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The Evelo Team
9865 E. 116th St. Suite 800
Fishers IN, 46037