7046 E State Road 36 - Apartments FOR SALE


Avon, IN 46123
$1,595,000 USD
248-330-3764
7046 E State Road 36, Avon, IN for Sale
$1,595,000 USD
Apartments - FOR SALE
1/14
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7046 E State Road 36
Avon, IN 46123


OVERVIEW

Oriole Crossing Apartments is a multifamily property in rapidly growing Avon, a city just over ten miles west of Downtown Indianapolis. The apartment complex contains 16 spacious apartments units: 5 studios, 6 one-bedroom, one-bath units and 5 two-bedroom, one-bath units. It was built in 1963 and has been well maintained over the years. Multiple units were fully renovated in 2021-2022 by the current ownership group. The roof was replaced in 2020, and driveway was sealed in 2020 as well. Renovations were completed on 12 of the 16 units and this included: LVP throughout the units, new paint, blinds, light fixtures, and total bathroom remodels. Appliances in most apartments were upgraded, and any broken equipment/items were fixed.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

16

PRICE/UNIT

$99,688

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

C

APN/PARCEL ID

32-10-02-374-007.000-031,32-10-02-374-008.000-031

ASK ABOUT THIS PROPERTY

Max NathanIncome Property OrganizationMore Info
248-330-3764

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Max NathanIncome Property OrganizationMore Info
248-330-3764

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