5917 E 12th St
Indianapolis, IN 46219
Arlington Terrace Apartments · Multifamily Property For Sale
·
82 Units
Property Facts
| No. Units | 82 | Building Size | 64,860 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1963/2006 |
| Building Class | B | Parking Ratio | 1.7/1,000 SF |
| Lot Size | 3.30 AC | ||
| Zoning | ZO01 | ||
| No. Units | 82 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.30 AC |
| Building Size | 64,860 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2006 |
| Parking Ratio | 1.7/1,000 SF |
| Zoning | ZO01 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Courtyard
- Laundry Facilities
- Smoke Detector
About 5917 E 12TH ST , INDIANAPOLIS, IN 46219
Arlington Terrace is a ten building, two-story, garden-style complex built in 1963 east side of Indianapolis in the Irvington area. The property is conveniently located less than a mile from Downtown Irvington and is located less than half of a mile from Community Hospital East. Downtown Irvington features an abundance of shopping and eateries, while Community Hospital East is putting the finishing touches on a $175 million renovation that began in 2015. In addition to the local and walkable amenities, Arlington Terrace is less than 2 miles from the I-70/I-465 interchange, providing convenient access to the greater Indianapolis region. Arlington Terrace features an attractive mix of 22 one-bedroom units and 60 two-bedroom units. Each one-bedroom unit totals 650 ft2 and the two-bedroom units range from 840-850 ft2. The property has been meticulously cared for and is in pristine condition. Arlington Terrace also features attractive and well maintained Georgian architecture and multiple outdoor courtyards. The roofs were completely replaced in 2006 while the windows were completely replaced in 2002 & 2003, along with the vinyl siding, soffits, common corridors, water heaters, washer & dryers, and all appliances. The HVAC systems, including furnaces and AC condensing units were also replaced at this time. Additionally, the sidewalks have been going through a replacement program which lasted from 2016 to 2019. The property is currently stabilized at 98% physical occupancy and has maintained this level historically.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | 650 |
| 2+1 | 60 | - | 840 - 850 |
Property Taxes
| Parcel Number | 49-07-34-125-001.000-701 | Improvements Assessment | $3,135,400 |
| Land Assessment | $198,300 | Total Assessment | $3,333,700 |
Property Taxes
