7944 E 49TH Street, Lawrence IN 46226 Photo 1 7944 E 49TH Street, Lawrence IN 46226 Photo 2 7944 E 49TH Street, Lawrence IN 46226 Photo 3 7944 E 49TH Street, Lawrence IN 46226 Photo 4 7944 E 49TH Street, Lawrence IN 46226 Photo 5 7944 E 49TH Street, Lawrence IN 46226 Photo 6 7944 E 49TH Street, Lawrence IN 46226 Photo 7 7944 E 49TH Street, Lawrence IN 46226 Photo 8 7944 E 49TH Street, Lawrence IN 46226 Photo 9 7944 E 49TH Street, Lawrence IN 46226 Photo 10 7944 E 49TH Street, Lawrence IN 46226 Photo 11 7944 E 49TH Street, Lawrence IN 46226 Photo 12 7944 E 49TH Street, Lawrence IN 46226 Photo 13 7944 E 49TH Street, Lawrence IN 46226 Photo 14 7944 E 49TH Street, Lawrence IN 46226 Photo 15 7944 E 49TH Street, Lawrence IN 46226 Photo 16 7944 E 49TH Street, Lawrence IN 46226 Photo 17 7944 E 49TH Street, Lawrence IN 46226 Photo 18 7944 E 49TH Street, Lawrence IN 46226 Photo 19 7944 E 49TH Street, Lawrence IN 46226 Photo 20 7944 E 49TH Street, Lawrence IN 46226 Photo 21 7944 E 49TH Street, Lawrence IN 46226 Photo 22 7944 E 49TH Street, Lawrence IN 46226 Photo 23 7944 E 49TH Street, Lawrence IN 46226 Photo 24

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7944 E 49TH Street - BRICK 2-STORY BUILDING WITH A BASEMENT AND ASPHALT PARKING FOR APPROX 30 VEHICLES. THERE ARE 11 2-BEDROOM/1BATHROOM UNITS ON THE FIRST AND SECOND FLOORS PLUS 1 EFFICIENCY UNIT IN THE BASEMENT. AT THIS TIME THE PROPERTY IS FULLY OCCUPIED EXCEPT FOR THE EFFICIENCY (CURRENTLY USED FOR STORAGE). EACH UNIT IS SEPARATELY METERED FOR GAS AND ELECTRICITY. THIS IS AN EXCELLENT INVESTMENT OPPORTUNITY WITH A GOOD ECONOMIC RETURN. AS AN OWNER MANAGED PROPERTY, THIS RETURNS A POTENTIAL NET INCOME OF NEARLY $5,000 PER MONTH (NOT INCLUDING THE VACANT EFFICIENCY APARTMENT).

Listing information

  • BLC ID: 21548451
  • Status: Sale Pending
  • New Construction: No
  • Lot Size: 23827
  • School District: Lawrence Township
  • Style: Apartment
  • Stories: 0
  • Foreclosure: No
  • Taxes: $3,364
  • Subdivision: North Lawrence Park
  • Year Built: 1964
  • Parking Type Description: Other 30 cars
  • Lot Area: 0.55 Acres
  • County: Marion

Features

Architectural Style ApartBldg, TradAmer
Building Information Smoke Alarm, Storage
Building Levels Two
Building Type ApartBldg
Building Utilities Electric, Municipal Sewer Connected, Municipal Storm Connected, Municipal Water Connected, Seperate Gas Meter, Sewer, Storm Sewer, Water
Disclosure Other None
Documents None
Exterior Brick
Exterior Amenities Driveway Asphalt
Foundation Basement-Block
Inspection Warranties Not Applicable
Interstate Ramp1-3mi
Laundry Common
Lot Information Busline, Corner, Storm Sewer, Street Lights, Zoned
Operating Expense Insurance, Maintenance, PropTaxes, Repairs, Utilities
Other Acres - 1/2-1 Acre, Auto Surface - Asphalt, Basement - 1, Construction Stage - Completed, Conversion - 0, Disclosures - Not Applicable, Expenses - 29844, FHA Certified - 0, Green Certification Y/N - 0, Gross Area SQFT - 11124, Gross Operating Income - 75180, Gross Potential Income - 79680, Gross Rent Multiplier - 86.6000, Insurance Expenses - 650, Insurance Expenses SF - 17.1100, Investment - 1, Listing Type - Exclusive Agency, Lot Number - Pt79 &80, Net Operating Income - 49836, New Construction - No, Number of Carports - 0, Number of Garages - 0, Number Units Total - 12, Parking - 30, Parking Spaces per Unit - 2.0000, Present Use - Apt<20, Property Description - Brick 2-Story Building With a Basement and Asphalt, Property Sub Type - 5+Units Commercial, Property Type - Multi-Family, Section - 1, Solid Waste - 1, Sq Ft Main Upper - 0, Sq Ft Source - Assessor, Tax Year - 2017, Township - Lawrence, Unit Count - 2, Zoning - D-3
Owner Pays Electric, InsHazard, Insurance Liablty, Lawncare, Property Taxes, Sewer, Trash Pick Up, Water
Possession AtClosing
Possible Financing Conventional
Proposed Use Apt<20
Road Access CityStreet
Road Frontage CityStreet
Road Surface Asphalt
Tenant Pays Cable, Carpet Cleaning, Electric, Gas, Insurance Renters
Unit Parking Parking Lot, Paved Area
Listing Courtesy of Hurwitz Company