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2320 E 12th St
Indianapolis, IN 46201
2320 E 12th St. · Multifamily Property For Sale
·
9 Units
Investment Highlights
- Sought after B+ class area
- Area cap rate 6.5-7.5%!
- Windsor Park neighbourhood walking distance to trendy Brookside Ave and 10th St Amenities, Pogues Run green space.
- Signifigant upside in rents after improvements and repositioning. Ripe for a condo conversion or upgrade the building to B class units!
- Area average home sales of this size in the $650Ks; promforma value after rehab $700K + based on a 7% cap rate.
Property Facts
| No. Units | 9 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 5,580 SF |
| Property Subtype | Apartment | Average Occupancy | 66% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1910 |
| Zoning | 4-6 family - Classified as COMM Apt 4-19 Units, Zoned as 4-6 family. | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,580 SF |
| Average Occupancy | 66% |
| No. Stories | 3 |
| Year Built | 1910 |
| Zoning | 4-6 family - Classified as COMM Apt 4-19 Units, Zoned as 4-6 family. |
Amenities
Unit Amenities
- Heating
- Vaulted Ceiling
- Oven
- Yard
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $700.00 | 300 - 500 |
| 1+1 | 4 | $750.00 | 600 |
| 1+1.5 | 1 | $800.00 | 700 |
| 2+1 | 1 | $900.00 | 750 |
Property Taxes
| Parcel Number | 49-07-31-108-036.000-101 | Improvements Assessment | $201,400 |
| Land Assessment | $10,400 | Total Assessment | $211,800 |
Property Taxes
Parcel Number
49-07-31-108-036.000-101
Land Assessment
$10,400
Improvements Assessment
$201,400
Total Assessment
$211,800
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