3506 Bluff Rd | Indianapolis, IN 46217
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- LoopNet Team
3506 Bluff Rd
Indianapolis, IN 46217
$905,000 Price Reduction! · Multifamily Property For Sale
·
48 Units
Investment Highlights
- Being offered at below replacement cost.
- Prime Location & Connectivity: Minutes from I-465 (203,567 VPD)
- Hands-Off Management: Professionally managed by a seasoned property management team in addition to an on-site manager.
- Brand New Construction: 48 units completed in 2023
- Investment Potential: Continued rental demand and minimal vacancy.
- Premium Amenities & Secure Living: Designed for modern comfort, convenience, and security, making it highly attractive to renters.
Property Facts
| No. Units | 48 | Building Size | 46,137 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2023 |
| Building Class | B | Parking Ratio | 2.24/1,000 SF |
| Lot Size | 3.67 AC | ||
| Zoning | MU-1 - Zoning permits multi-family with a density of 48 units across this entire site. | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 3.67 AC |
| Building Size | 46,137 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 2.24/1,000 SF |
| Zoning | MU-1 - Zoning permits multi-family with a density of 48 units across this entire site. |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Grill
- Pet Play Area
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 660 |
| 2+2 | 24 | - | 900 |
Property Taxes
| Parcel Number | 49-11-26-105-012.000-500 | Improvements Assessment | $3,051,100 |
| Land Assessment | $285,900 | Total Assessment | $3,337,000 |
Property Taxes
Parcel Number
49-11-26-105-012.000-500
Land Assessment
$285,900
Improvements Assessment
$3,051,100
Total Assessment
$3,337,000
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