1631 Columbia Ave - Apartments FOR SALE


Indianapolis, IN 46202- Martindale-Brightwood
$695,000 USD
317-804-1795
1631 Columbia Ave, Indianapolis, IN for Sale
$695,000 USD
Apartments - FOR SALE
1/24
null | 6.5% Cap Rate

1631 Columbia Ave
Indianapolis, IN 46202
Martindale-Brightwood


HIGHLIGHTS

  • Low Maintenance
  • Off-Street Parking
  • Walkable to Monon Trail
  • Near Downtown Indianapolis

OVERVIEW

Triplex located in Kennedy King. The property underwent total renovation in 2022 and has had high historical occupancy with low maintenance. One unit is currently leased as a short term rental. Nearby walkable restaurants including Greek's Pizzeria, Provider, Tinker Street, and Foundry Provisions. Walkable to Monon Pedestrian Trail.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$309 USD /SF

# OF UNITS

3

PRICE/UNIT

$231,667

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,013 SF

ZONING

D8

APN/PARCEL ID

49-07-31-213-319.000-101

ASK ABOUT THIS PROPERTY

Cory GardnerGardner Property GroupMore Info
317-804-1795

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Cory GardnerGardner Property GroupMore Info
317-804-1795

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.