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19-21 Hendricks Pl - 7 Unit Complex for Sale! 2,314 SF Specialty Building Offered at $399,900 at a 11.31% Cap Rate in Indianapolis, IN 46201

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Investment Highlights

GREAT NORTHSIDE INVESTMEN T PROPERTY
TURN KEY OPERATION
DULEX WITH 7 STUDIO RENTALS- MAXIMIZING RENTAL INCOME

FRESH UPDATES-RECENT REHAB
PRIVATE ENTRIES FOR ALL UNITS

HENDRICKS PROPERTY CARD

HENDRICKS MIBOR PROERPTY TAX INFORMATION

Hendricks Pl Flyer 4 Updated Pics

Market Information
Operating and Financials

Property Facts

Price	$399,900	Building Class	C
Price Per SF	$172.82	Lot Size	0.10 AC
Sale Type	Investment	Building Size	2,314 SF
Cap Rate	11.31%	No. Stories	2
Sale Conditions	Bulk/Portfolio Sale Building in Shell Condition	Year Built/Renovated	1890/2021
Property Type	Specialty	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Residential Income Multifamily Apartments
Zoning	D8

Price	$399,900
Price Per SF	$172.82
Sale Type	Investment
Cap Rate	11.31%
Sale Conditions	Bulk/Portfolio Sale Building in Shell Condition
Property Type	Specialty
Property Subtype	Residential Income Multifamily Apartments
Building Class	C
Lot Size	0.10 AC
Building Size	2,314 SF
No. Stories	2
Year Built/Renovated	1890/2021
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	D8

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Fairly walkable

40/100

Very drivable

80/100

Some public transit

40/100

Fairly bikeable

50/100

Source: Local Logic^®

Property Taxes

Parcel Number	49-10-06-147-016.000-101	Improvements Assessment	$183,800
Land Assessment	$16,100	Total Assessment	$199,900

Property Taxes

Parcel Number

49-10-06-147-016.000-101

Land Assessment

$16,100

Improvements Assessment

$183,800

Total Assessment

$199,900

(317) 431-2969

Contact

Mark Harris
CENTURY 21 Commercial Scheetz

Listing ID: 34464651
Date on Market: 1/13/2025
Last Updated:
Address: 19-21 Hendricks Pl, Indianapolis, IN 46201

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19-21 Hendricks Pl, Indianapolis, IN for sale Building Photo- Image 1 of 9 — IMG_3480

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19-21 Hendricks Pl - 7 Unit Complex for Sale!

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