3002 Villa Avenue, Indianapolis IN 46237 Photo 1 3002 Villa Avenue, Indianapolis IN 46237 Photo 2 3002 Villa Avenue, Indianapolis IN 46237 Photo 3

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3002 Villa Avenue -

Great multi-use building with 2 office spaces and 2 residential units. Two storefront style office spaces face Troy Ave on the main level. One studio apartment on the back and a 1/1 apartment upstairs! Four income streams from one building, which combine for a nearly a 20% cap rate when fully occupied. Properly managed, this property can pay for itself in 5 years! Very close to U Indy and Garfield Park.

Virtual Tour

Listing information

  • MLS® ID: 21544374
  • Year Built: 1947
  • Parking Type Description: None 0 cars
  • Lot Area: 0.16 Acres
  • County: Marion
  • Property ID: 104083368
  • Status: Sale Pending
  • New Construction: No
  • Lot Size: 7,126
  • School District: Perry Township
  • Style: 4 - Plex
  • Stories: 0
  • Foreclosure: No
  • Taxes: $2,542
  • Subdivision: Buena Ann

Features

Architectural Style Other, Fourplex
Building Information Other
Building Levels Two
Building Type Fourplex
Building Utilities Water, Municipal Water Connected, Municipal Sewer Connected, Gas Connected, Electric, Cable Available
Disclosure Other As-Is
Documents Other
Exterior Concrete Block
Foundation Crawl Brick
Inspection Warranties Not Applicable
Laundry NoLaundry
Lot Information Corner, Access Street
Other Unit Count - 3, Township - Perry, Tax Year - 2016, Sq Ft Source - Assessor, Sq Ft Main Upper - 0, Solid Waste - 1, Property Type - Multi-Family, Property Sub Type - 1-4 Units Residential, Property Description - Great Multi-Use Building With 2 Office Spaces and, Number Units Total - 4, New Construction - No, Lot Number - 0, Listing Type - Exclusive Right To Sell, Investment - 1, Gross Operating Income - 0, Green Certification Y/N - 0, Expenses - 0, Disclosures - Not Applicable, Conversion - 0, Basement - 0, Auto Surface - Asphalt, Acres - <1/4 Acre
Owner Pays Property Taxes
Possession AtClosing
Road Access AccessRd
Tenant Pays All Utilities
Unit Parking Parking Lot
Listed by Glenn Bill 317-705-2500 and Nino Berticelli 317-705-2500 of CENTURY 21 Scheetz