Address
1635 Central Avenue, Indianapolis, IN
Price
$ 1,400,000
Property Attributes
  • MLS#21962939
  • TypePending
  • CountyMARION
  • CityIndianapolis
  • AreaCenter
  • NeighborhoodRitters Sub Johnson
  • Zip46202
  • Style
  • Year Built1930
  • Taxes$ 4324
  • Price$ 1,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size5,227 SqFt
Data Source:
Metropolitan Indianapolis MLS (MIBOR)
Property Description

Exciting opportunity in Indianapolis! This multi-unit complex, perfectly situated on the dividing line between the highly sought-after neighborhoods of Herron Morton and The Old Northside, presents an incredible chance for a seasoned landlord or an investor eager to venture into multifamily ownership. Comprising three solid, all brick quad units, this property boasts a total of 12 spacious two-bedroom, one-bathroom apartments. With a remarkable 94% occupancy rate over the last decade, this cash-flowing complex has consistently proven its stability and profitability. Don't miss out on this fantastic investment opportunity and embrace the potential of Indianapolis real estate!"

Price History
2/8/2024 Listed $1,400,000

General Features

Heating Electric,Forced Air
Cooling Central Electric
Possession Subject To Tenants Rights
Security Features Smoke Alarm
Year Built 1930
Tenant Pays Security,Cable TV,Electricity,Insurance
Township Center
Levels Two
Property SubType Fourplex
Tax Year 2022
Current Use Apt
OwnerPays Lawncare,Sewer,Water
County Marion
New Construction No
Property Type Residential Income
Subdivision Name Ritters Sub Johnson
Status Pending
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Total Units 12
MLS Area 4912 - Marion - Center Ne
Lot Size Square Feet 5032
Street Name Central
Days on Market 9
Standard Status Pending
Tax Lot 2
Legal Description Ritters Sub Johnson Heirs Add 68.6Ft Nl 68Ft Sl Of74.3Ft S End L2 (Bldg C)

Interior Features

Basement (Y/N) No
Street Suffix Avenue
Laundry Features In Basement
LivingAreaSource Assessor

Exterior Features

Lot Size Acres 0.12

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 46202

Price
AVG $450K
$1.4M
Taxes
AVG $4,638
$4,324
Visits
AVG 107
21
Data Provided by Inside Real Estate®
Year Built
AVG 1969
1930

Your Agent

Tina Nohe

REALTOR/ Associate Broker

317-373-4406

Listed By
Kathryn Teltow with Highgarden Real Estate; kteltow@highgarden.com

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