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- LoopNet Team
3736 N Meridian St
Indianapolis, IN 46208
The Star · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- High Traffic loaction
- Fully occupied
- Fully renovated
- Solid construction
PROPERTY FACTS
| No. Units | 16 | Building Size | 11,253 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1920/2018 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 0.50 AC | ||
| Zoning | MF - Multi-family | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 11,253 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2018 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | MF - Multi-family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
SITE AMENITIES
- Business Center
- Laundry Facilities
- Playground
- Basketball Court
- Conference Rooms
ABOUT 3736 N MERIDIAN ST , INDIANAPOLIS, IN 46208
18 units Apartment building, mixture of Six (6), 1BR, Seven (7) 2BR, Three (3) Studios and Two (2) Small office suites. Three stories and a basement with elevator and very rear find on desirable north Meridian street, on the new Red-line bus and within close proximity to Ivy-tech, downtown and namouras amenities and stores. Solid building with no deferred maintenance and very little management involvement. Unique value-add opportunity to lease up vacant office suites (currently on a MTM Lease), complete studio renovations, Lease it up and increase rents. Rents are way below market for the area. Ivy Tech has a 4 year commitment for students in the area and are running out of housing. Tremendous increase in value. Parking and Playground in Rear
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $647.50 | - |
| 2+1 | 7 | $737.50 | - |
| Studios | 3 | $550.00 | - |
PROPERTY TAXES
| Parcel Number | 49-06-24-158-033.000-101 | Improvements Assessment | $514,100 |
| Land Assessment | $33,600 | Total Assessment | $547,700 |
PROPERTY TAXES
