$541,250
$600,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
0.75 Acres Lot
SOLD DATE : 04/09/2019
Key Details
Sold Price $541,250
Property Type Other Types
Sub Type 5+Units Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision University Heights
MLS Listing ID 21584225
Sold Date 04/09/19
Year Built 1927
Tax Year 2018
Lot Size 0.750 Acres
Acres 0.75
Property Description
UINDY College Housing single family rental portfolio located in University Heights. Rare offering on these select, established investment properties in the exploding campus of University of Indianapolis. Package of 5 properties are all rented through at least 2018-2019. Track record of performance, appreciation, rent increases with additional value-adds available. Possibility to build out additional bedrooms within properties, add on to structures, etc. High demand area among students. Growing overall tenant base in area with proximity to downtown and the new Red Line Transit System running down Shelby to connect to Broad Ripple. Take note of this portfolio with 8% cap rate. Terms for seller financing may be available. This is a must see!
Location
State IN
County Marion
Zoning Residential
Interior
Fireplace N
Laundry Connections All
Exterior
Exterior Feature Driveway Concrete, Fence Partial
Garage Spaces 9.0
Building
Lot Description Busline, Sidewalks, Suburban, Tree Mature, Wooded
Story Two
Foundation Block
Architectural Style Arts&Crafts/Craftsman, Historic
Structure Type Brick,Vinyl Siding
New Construction false
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