Well Maintained Church. Open sanctuary, offices. Big Lot. Plenty of parking.
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.
25 UNITS + Vacant lot and rented garage Must be sold one package
It is time to redevelop this 1331 Sq Ft Office/Retail building zoned C3, Both Parcels total a huge .874 Acre development site that is also in a Qualified Opportunity Zone, Pendleton Pike TIF Zone and in newly proposed Lawrence Trades District. Collect rent, or open your own business in the existing building, while you create and execute a re-development plan. Sits on a key 4 lane corridor, and less than 1 mile from I-465 interchange. US Post Office, Dollar General and a Multi-tenant office/retail strip center are your neighboring businesses. I can envision, redeveloping out with another multi-tenant office/retail strip center. C3 Zoning allows many different uses! Hurry Won't Last, Create Opportunity, and Benefit from the QOZ status!
The median home value in Indianapolis, IN is $135,200. This is lower than the county median home value of $140,700. The national median home value is $219,700. The average price of homes sold in Indianapolis, IN is $135,200. Approximately 46.36% of Indianapolis homes are owned, compared to 40.52% rented, while 13.13% are vacant. Indianapolis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Indianapolis real estate agent to arrange a tour today!
Indianapolis, Indiana 46226 has a population of 853,431. Indianapolis 46226 is less family-centric than the surrounding county with 26.35% of the households containing married families with children. The county average for households married with children is 26.59%.
The median household income in Indianapolis, Indiana 46226 is $44,709. The median household income for the surrounding county is $44,869 compared to the national median of $57,652. The median age of people living in Indianapolis 46226 is 34.1 years.
The average high temperature in July is 84 degrees, with an average low temperature in January of 19.9 degrees. The average rainfall is approximately 42.7 inches per year, with 21.9 inches of snow per year.