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Listed by Emily Huskey • Keller Williams Indy Metro S
$525,000
Est. payment /mo
4,768 SqFt
Active
3030 E 10th ST Indianapolis, IN 46201
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Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 4,768 sqft
Price per Sqft $110
MLS Listing ID 22025243
Year Built 1925
Tax Year 2023
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Multi-Family 5+
Property Description
SELLER FINANCING available on this 6 unit investment property! Desired terms: 6% interest, 5 year balloon, down payment of $190,000. Monthly payments with buyer to pay taxes/insurance separately. Open to lower rate with higher purchase price, and vice versa. Four of the units are 2 bed/1 bath and two units are 1 bed/1 bath. All electric (no gas) with 6 separate electric meters. Owner pays for water only- Average bills are $240. Property was gut-renovated in 2022 with ~300k in capital expenditures (new rubberized flat roof, new PVC plumbing, new electrical, 6 new water heaters. New windows were installed in 2021.) All kitchen appliances and newer window air units are also included. Shared coin laundry units in basement are included and bring in average $98/month in income. On-street parking. Current leases: $900, expires 10/31/2025. $875, expires 11/30/2025. $900, month to month. $750, month to month. $900, month to month. One unit currently vacant. Room to increase rents year over year. Two units are currently vacant and available to show. Photos courtesy of management company from last year. Water heaters/panels/etc are in unfinished basement area. Coin operated washer/dryers are in basement common area. Owner pays $40 every two weeks for lawn care. Owner pays $2,147/yr for insurance.
Location
State IN
County Marion
Zoning ZO01
Interior
Fireplace N
Exterior
Utilities Available Sep Electric Meter, Water Connected
Roof Type Rubber
Building
Story Two
Architectural Style Multi-Level
Structure Type Brick
New Construction false
Schools
School District Indianapolis Public Schools
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