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3527 N College Avenue - INVESTOR CASH COW OPPORTUNITY!! This one-of-a-kind apartment building in the Mapleton Fall Creek neighborhood is awaiting your renovation. Make a name for yourself as an Indianapolis developer and enjoy the profits that await. Property is currently designed as a 9-unit apartment building with (8) one-bed units, and (1) 2-bed penthouse with shared laundry in basement. Property has been demo'd down to the studs and is ready for plumbing and electrical rough-in. Estimated gross cash flow over $60,000 per year! Located within walking distance to proposed Red-Line Rapid Transit System.

Listing information

  • BLC ID: 21511107
  • Status: Active
  • New Construction: No
  • Lot Size: 9,601
  • School District: Indianapolis Public Schools
  • Style: Multi-Level
  • Stories: 0
  • Foreclosure: No
  • Taxes: $2,404
  • Subdivision: Hasselman Place
  • Year Built: 1910
  • Parking Type Description: None 0 cars
  • Lot Area: 0.22
  • County: Marion

Features

Architectural Style Multi-Level
Building Information Other
Building Levels Three
Building Utilities Municipal Sewer Connected, Municipal Water Connected
Disclosure Other As-Is, Broker Owned, Fixer Upper
Documents NotApplic
Exterior Stucco Style
Foundation Wall Concete Block
Inspection Warranties Not Applicable
Laundry NoLaundry
Lot Information Access Street
Other Acres - <1/4 Acre, Conversion - 1, Disclosures - Not Applicable, Expenses - 0, FHA Certified - 0, Green Certification Y/N - 0, Gross Operating Income - 0, Listing Type - Exclusive Right To Sell, Lot Number - 7, New Construction - No, Number Units Total - 9, Property Description - Investor Cash Cow Opportunity!! This One-Of-A-Kind, Property Sub Type - 5+Units Commercial, Property Type - Multi-Family, Solid Waste - 0, Sq Ft Main Upper - 0, Sq Ft Source - Assessor, Tax Year - 2016, Township - Center NE, Unit Count - 9
Owner Pays NotApplic
Possession AtClosing
Tenant Pays NotApplic
Unit Parking Other
Listing Courtesy of Blp Realty Group