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19-21 Hendricks Place

Indianapolis, IN 46201
  • $425,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 22017073
UPDATED: 78 min ago
$425,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1890
County:

School Information

Description

Fantastic income generating property with amazing CASH FLOW: 8 studio/efficiency units. One side (#19) has 5 units & the other side (21) has 3 units. All units recently renovated & upfit for selling/renting. Potential to receive $7,600 total in rent each month. Each unit has kitchen, bedroom, closet & bath. Huge unused attic space with tons of potential (possibly 2 additional units). Parking in the back or on street. Owner pays all utilities (gas, water & electric). Zoned D8. Tenant's rights apply. Must have 48-hour advanced notice for showings. CAP rate 10.64%

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© 2025 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 Dean Wagner Realtors.

Based on information submitted to the MLS GRID as of 2025-02-12T08:24:58.057. 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.wagnerrealtors.com/homes/159395939
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19-21 Hendricks Place Indianapolis, IN 46201

  • Price: $425,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 78 min ago
  • MLS #: 22017073
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1890
Built
Neighborhood:
4911 - Marion - Center Nw
County:
Marion
Area:
4911 - Marion - Center Nw
High School:
Arsenal Technical High School
School District:
Indianapolis Public Schools
Property Description
Fantastic income generating property with amazing CASH FLOW: 8 studio/efficiency units. One side (#19) has 5 units & the other side (21) has 3 units. All units recently renovated & upfit for selling/renting. Potential to receive $7,600 total in rent each month. Each unit has kitchen, bedroom, closet & bath. Huge unused attic space with tons of potential (possibly 2 additional units). Parking in the back or on street. Owner pays all utilities (gas, water & electric). Zoned D8. Tenant's rights apply. Must have 48-hour advanced notice for showings. CAP rate 10.64%
Exterior Features

Architectural Style TraditonalAmerican Foundation Details BlockCrawl Space Levels Two Lot Information AccessBuslineCorner LotCurbsSidewalksStreet Lights Parking Features Alley AccessCommon Road Frontage Type City Street Roof AsphaltShingle Structure Type Duplex Unit Parking On StreetParking LotUnpavedOther View CityNeighborhood View YN Yes Waterfront YN No

Interior Features

Basement Unfinished Basement YN Yes Building Area Total 2314 Cooling Wall Unit(s) Heating Forced AirGas

Property Features

Acres <1/4 Acre Building Information Other Building Utilities Municipal Storm AvailableSeparate Gas MeterSewer Current Financing ConventionalExchange Current Use Apt<20 Divisible No Dpr YN No Electric 100 Amp Service Green Certification YN No Laundry Other Multi Tenants Yes New Construction YN No Number Of Units Total 8 Owner Pays All Utilities Possession Closing Possible Use Apt<20 Property Attached YN No Property Sub Type Multi-Family 5+ Semi Annual Property Tax Amt 2397 Solid Waste Yes Space Available 1382 Special Listing Conditions As IsCorporate Owned Sprinkler None Tax Exemption None Tax Year 2023 Tenant Pays Cable TV Township Center NW Transaction Type Sale Utilities Cable AvailableElectricity ConnectedGasSewer ConnectedWater Connected Zoning D8

Listing provided courtesy of CENTURY 21 Scheetz: mharris@c21scheetz.com. © 2025 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2025 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 Dean Wagner Realtors.

Based on information submitted to the MLS GRID as of 2025-02-12T08:24:58.057. 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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Dean Wagner Realtors
716 3rd Street
Columbus IN, 47201