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    516-522 E Raymond Street

    Indianapolis, IN 46203
    • $310,000
    • STATUS: Active
    • ON SITE: 434 days
    • MLS #: 21694369
    $310,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    School District:

    Description

    Great income producing property with a diversified tenant base. Average number of years for tenant base is approx. 4 yrs. High CAP rate 12-14%. Purchase Price is approx. $37 per sq ft. Consistent monthly income even during COV-19. Main building has 5 residential units plus a catering kitchen that is Board of Health approved. The main building has an additional unit that needs finished. The single family home is leased plus there is a vacate lot for future parking needs. Tenants have access to large paved parking lot off East St via parking agreement.

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    © 2021 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Keller Williams Metro.
    www.arhausgroup.com/homes/103195228
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    516-522 E Raymond Street Indianapolis, IN 46203

    • Price: $310,000
    • Status: Active
    • MLS #: 21694369
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    1951
    Built
    Neighborhood:
    B Mussmans Raymond St Sub
    County:
    Marion
    Area:
    4913 - Marion - Center Se
    School District:
    Indianapolis Public Schools
    Property Description
    Great income producing property with a diversified tenant base. Average number of years for tenant base is approx. 4 yrs. High CAP rate 12-14%. Purchase Price is approx. $37 per sq ft. Consistent monthly income even during COV-19. Main building has 5 residential units plus a catering kitchen that is Board of Health approved. The main building has an additional unit that needs finished. The single family home is leased plus there is a vacate lot for future parking needs. Tenants have access to large paved parking lot off East St via parking agreement.
    Exterior Features

    Architectural Style Other Exterior WoodWood With Stone Foundation Basement-Block Lot Information Access AlleyAccess StreetBuslineSidewalks Lot Size 12632 Unit Parking Parking Lot

    Interior Features

    Baths Total 0.00 Building Information Fire AlarmSecurity AlarmSmoke AlarmStorage Laundry Common Rooms Total 0 Square Foot Main Upper 0

    Property Features

    Building Utilities ElectricCable ConnectedGas ConnectedMunicipal Storm ConnectedMunicipal Sewer ConnectedMunicipal Water Connected Contingency Act With No Contingency Conversion No Direct Soliciting No Disclosures Not Applicable Expenses 23787 Gross Operating Income 69300 Inspection Warranties Not Applicable Investment Yes Net Operating Income 45513 New Construction No Operating Expense InsurancePropTaxesUtilities Other Disclosures Flood PlainNone Possession NegotiableTenantrights Possible Financing ContractConventional1031ExchangeOwner Property Attached YN No Property Sub Type 5+Units Commercial Semi Annual Property Tax Amount 1694 Tax Exemption None Tenant Pays Alarm/SecurityCableElectricGasInsurance RentersAll UtilitiesWater Township Center Se Transaction Type Sale Unit Count 8

    Listing provided courtesy of Mark Dietel Realty, Llc. © 2021 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


    © 2021 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Keller Williams Metro.
     
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    Keller Williams Metro
    8555 N. River Road Suite 200
    Indianapolis IN, 46240