$250,000
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7020 Twin Oaks Drive Indianapolis, IN 46226
Multi-Family
Residence
Beds
Baths
6,794
Sq. Ft.
0.6
Acre
Lot
Property Activity
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This solidly built Brick apartment building is a cash cow waiting for revitalization. A once 11 unit building last remodeled to a 7 unit apartment building. The units are currently framed out as 4 units with 3 beds plus 2 baths - & -2 units with one bedroom and 1 bath. One unit has 2 bedrooms and... 2 bathrooms with a private covered Lanai. There is ample parking for up to 12 units. Both ends of the building are/could be ADA compliant. The apartment complex adjacent to to the East - Kingston Square advertises 1/1's at $979+ per month. 2/1.5's at $1499 per month. With the current 7 units finished out the gross rents could be north of $10,000mo. Frame it back out to 11 units and the gross rents would be minimum $13,500mo.
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MLS#
21980000
Property Type
Multi-Family
Year Built
1968
Square Feet
6,794
sq. ft
Lot Size
0.6
Stories
2.0
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