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7046 E State Road 36 16 Unit Apartment Building $1,595,000 ($99,688/Unit) Avon, IN 46123
EXECUTIVE SUMMARY
Oriole Crossing Apartments is a multifamily property in rapidly growing Avon, a
city just over ten miles west of Downtown Indianapolis. The apartment complex
contains 16 spacious apartments units: 5 studios, 6 one-bedroom, one-bath
units and 5 two-bedroom, one-bath units. It was built in 1963 and has been well
maintained over the years.
Multiple units were fully renovated in 2021-2022 by the current ownership
group. The roof was replaced in 2020, and driveway was sealed in 2020 as
well. Renovations were completed on 12 of the 16 units and this included: LVP
throughout the units, new paint, blinds, light fixtures, and total bathroom
remodels. Appliances in most apartments were upgraded, and any broken
equipment/items were fixed.
city just over ten miles west of Downtown Indianapolis. The apartment complex
contains 16 spacious apartments units: 5 studios, 6 one-bedroom, one-bath
units and 5 two-bedroom, one-bath units. It was built in 1963 and has been well
maintained over the years.
Multiple units were fully renovated in 2021-2022 by the current ownership
group. The roof was replaced in 2020, and driveway was sealed in 2020 as
well. Renovations were completed on 12 of the 16 units and this included: LVP
throughout the units, new paint, blinds, light fixtures, and total bathroom
remodels. Appliances in most apartments were upgraded, and any broken
equipment/items were fixed.
PROPERTY FACTS
| Price | $1,595,000 | Building Class | C |
| Price Per Unit | $99,688 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 11,056 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1963/2020 |
| Apartment Style | Low-Rise | Parking Ratio | 1.67/1,000 SF |
| Zoning | C - Commercial Zoned District | ||
| Price | $1,595,000 |
| Price Per Unit | $99,688 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 11,056 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2020 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | C - Commercial Zoned District |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | 225 - 425 |
| 1+1 | 6 | - | 650 |
| 2+1 | 5 | - | 750 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $867,300 | |
| Land Assessment | $90,100 | Total Assessment | $957,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$90,100
Improvements Assessment
$867,300
Total Assessment
$957,400
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7046 E State Road 36
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