317-756-9895
725 Woodruff Place Middle Dr, Indianapolis, IN for Sale
Apartments - FOR SALE
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725 Woodruff Place Middle Dr
Indianapolis, IN 46201
Near Eastside


HIGHLIGHTS

  • Significant Rental Upside
  • Historically Significant Location
  • Close Proximity to Retail & Entertainment
  • Excellent Walkability | Bikeability

OVERVIEW

Built between 1900-1910, The Woodruff Place Portfolio is a 29-unit multifamily property located in downtown Indianapolis, Indiana. The property offers stylish studio, one, and two-bedroom units. Units range in size between 500 square feet to 850 square feet. Full interior renovations have been done in 10 units. Infrastructure upgrades have been completed at the property recently, including sewer line replacements, central boiler heat replacement, and plumbing upgrades. Other upgrades in the past 7 years include electrical, chimney repair, water heaters, and roof replacements. The buildings are in a historic preservation district and have artistic charm and character to their exteriors. The property is located in the Woodruff Place neighborhood- Indianapolis’ first planned residential subdivision. Not only has the neighborhood maintained it’s historic charm, but has kept a park like atmosphere, scattered with fountains and sculptures. The greater area is highly walkable and bikeable with trails such as the Monon, Indianapolis Cultural Trail, and Pogue’s Run trail in the vicinity. It is one mile east of the central business district of Indianapolis, and directly adjacent to Arsenal Technical High School.

FOR SALE DETAILS

PRICE

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# OF UNITS

29

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Woodruff Place Portfolio

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

D5

APN/PARCEL ID

49-10-06-168-161.000-101

ASK ABOUT THIS PROPERTY

Michael WernkeXMark MidwestMore Info
317-756-9895

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Michael WernkeXMark MidwestMore Info
317-756-9895

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