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900 Albany Street

Beech Grove, IN 46107
  • $5,200,000
  • STATUS: Active
  • ON SITE: 9 Days
  • MLS #: 21983150
UPDATED: 119 min ago
$5,200,000
  • 0
    BEDS
  • 0.77
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1965
County:

School Information

Middle School:
School District:

Description

This is an opportunity to purchase a 46-unit property in the booming Indianapolis market. All units have been rehabbed, and major capex has already been completed, leaving a turnkey property for the new owner. The value-added opportunity will be continuing to lease up the units. Major rent bumps of $500 + per unit have already been achieved.

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© 2024 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.

Based on information submitted to the MLS GRID as of 2024-06-14T13:26:27.91. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.davidbrentonsteam.com/homes/151307056
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900 Albany Street Beech Grove, IN 46107

  • Price: $5,200,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 119 min ago
  • MLS #: 21983150
0
Beds
0
Baths
0
½ Baths
0.77
Acres
1965
Built
Neighborhood:
4914 - Marion - Center Sw
County:
Marion
Area:
4914 - Marion - Center Sw
Middle School:
Beech Grove Middle School
High School:
Beech Grove Sr High School
School District:
Beech Grove
Property Description
This is an opportunity to purchase a 46-unit property in the booming Indianapolis market. All units have been rehabbed, and major capex has already been completed, leaving a turnkey property for the new owner. The value-added opportunity will be continuing to lease up the units. Major rent bumps of $500 + per unit have already been achieved.
Exterior Features

Levels Two Parking Features Common Unit Parking Parking Lot

Interior Features

Basement YN No Building Area Total 29400

Property Features

Acres 1/2-1 Acre Current Use Residential Green Certification YN No Multi Tenants Yes New Construction YN No Number Of Units Total 48 Owner Pays GasTaxesSewerTrash CollectionWater Possession NegotiableSubject To Tenants Rights Property Sub Type Multi-Family 5+ Semi Annual Property Tax Amt 38013 Space Available 29400 Tax Year 2023 Tenant Pays Electricity Township Center Transaction Type Sale Utilities Electricity ConnectedGasSewer Connected Zoning R4

Listing provided courtesy of Ellsbury Commerical Group: Tariq@ellsburygroup.com. © 2024 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2024 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.

Based on information submitted to the MLS GRID as of 2024-06-14T13:26:27.91. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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David Brenton's Team
4741 E Stop 11 Rd.
Indianapolis IN, 46237