118 Palmer St | Indianapolis, IN 46225
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118 Palmer St
Indianapolis, IN 46225
Volrath · Multifamily Property For Sale
·
19 Units
PROPERTY FACTS
| No. Units | 19 | Lot Size | 0.54 AC |
| Property Type | Multifamily | Building Size | 13,600 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1926 |
| Building Class | C | Parking Ratio | 0.83/1,000 SF |
| Zoning | MF | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 13,600 SF |
| No. Stories | 2 |
| Year Built | 1926 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
- Basement
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Vintage Building
- Bicycle Storage
ABOUT 118 PALMER ST , INDIANAPOLIS, IN 46225
Vollrath Apartments is a 19-unit apartment community with street-level retail in an incredible location between Meridian Street and Madison Avenue just South of downtown Indianapolis. Constructed in 1926 with numerous improvements made over the last 24 months, this investment opportunity is stabalized and cash flowing well. Only minutes from downtown Indianapolis, the neighborhood is experiencing rapid gentrification. This property is well positioned for increased future rent rates.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | 500 - 550 |
| 2+1 | 1 | - | 550 |
PROPERTY TAXES
| Parcel Number | 49-11-13-158-010.000-101 | Improvements Assessment | $552,800 |
| Land Assessment | $56,200 | Total Assessment | $609,000 |
PROPERTY TAXES
Parcel Number
49-11-13-158-010.000-101
Land Assessment
$56,200
Improvements Assessment
$552,800
Total Assessment
$609,000
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