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The Woodruff Place Portfolio 725 Woodruff Place Middle Dr 29 Unit Apartment Building For Sale Indianapolis, IN 46201
INVESTMENT HIGHLIGHTS
- Significant Rental Upside
- Close Proximity to Retail & Entertainment
- Historically Significant Location
- Excellent Walkability | Bikeability
EXECUTIVE SUMMARY
Built between 1900-1910, The Woodruff Place Portfolio is a 29-unit multifamily
property located in downtown Indianapolis, Indiana. The property offers stylish
studio, one, and two-bedroom units. Units range in size between 500 square feet to
850 square feet. Full interior renovations have been done in 10 units. Infrastructure
upgrades have been completed at the property recently, including sewer line
replacements, central boiler heat replacement, and plumbing upgrades. Other
upgrades in the past 7 years include electrical, chimney repair, water heaters,
and roof replacements. The buildings are in a historic preservation district and
have artistic charm and character to their exteriors.
The property is located in the Woodruff Place neighborhood- Indianapolis’ first
planned residential subdivision. Not only has the neighborhood maintained it’s
historic charm, but has kept a park like atmosphere, scattered with fountains
and sculptures. The greater area is highly walkable and bikeable with trails
such as the Monon, Indianapolis Cultural Trail, and Pogue’s Run trail in the
vicinity. It is one mile east of the central business district of Indianapolis, and
directly adjacent to Arsenal Technical High School.
property located in downtown Indianapolis, Indiana. The property offers stylish
studio, one, and two-bedroom units. Units range in size between 500 square feet to
850 square feet. Full interior renovations have been done in 10 units. Infrastructure
upgrades have been completed at the property recently, including sewer line
replacements, central boiler heat replacement, and plumbing upgrades. Other
upgrades in the past 7 years include electrical, chimney repair, water heaters,
and roof replacements. The buildings are in a historic preservation district and
have artistic charm and character to their exteriors.
The property is located in the Woodruff Place neighborhood- Indianapolis’ first
planned residential subdivision. Not only has the neighborhood maintained it’s
historic charm, but has kept a park like atmosphere, scattered with fountains
and sculptures. The greater area is highly walkable and bikeable with trails
such as the Monon, Indianapolis Cultural Trail, and Pogue’s Run trail in the
vicinity. It is one mile east of the central business district of Indianapolis, and
directly adjacent to Arsenal Technical High School.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.24 AC |
| No. Units | 29 | Building Size | 19,425 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Single-Family Home | Year Built | 1910 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | D5 - Multi-family Residential | ||
| Sale Type | Investment |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 19,425 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | D5 - Multi-family Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Views
- Carpet
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 29 | - | - |
1 1
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 49-10-06-168-161.000-101 | Improvements Assessment | $182,800 |
| Land Assessment | $14,600 | Total Assessment | $197,400 |
PROPERTY TAXES
Parcel Number
49-10-06-168-161.000-101
Land Assessment
$14,600
Improvements Assessment
$182,800
Total Assessment
$197,400
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Contact the Sale Advisor
The Woodruff Place Portfolio | 725 Woodruff Place Middle Dr
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