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Listing Details

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Description

Historic brick multi-tenant commercial property located on high traffic intersection along Washington Street corridor. Fully occupied with long term tenants. Includes parking lot in rear. Turnkey investment that has been well maintained & updated. Great exposure & opportunity for owner occupant or investor landlord. Front lobby area with private office, bathroom & utility room on each side. Opportunity to raise rents to market level and build equity. Projected 10%+ cap rate on updating market rents. This is a must see!

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© 2021 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.
www.wagnerrealtors.com/homes/116914259
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4426 E Washington Street Indianapolis, IN 46201

  • Price: $150,000
  • Status: Active
  • Updated: 39 min ago
  • MLS #: 21783523
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Beds
0
Baths
0
½ Baths
0.13
Acres
1930
Built
Neighborhood:
4912 - Marion - Center Ne
County:
Marion
Area:
4912 - Marion - Center Ne
Property Description
Historic brick multi-tenant commercial property located on high traffic intersection along Washington Street corridor. Fully occupied with long term tenants. Includes parking lot in rear. Turnkey investment that has been well maintained & updated. Great exposure & opportunity for owner occupant or investor landlord. Front lobby area with private office, bathroom & utility room on each side. Opportunity to raise rents to market level and build equity. Projected 10%+ cap rate on updating market rents. This is a must see!
Exterior Features

Auto Parking 8 Auto Surface Asphalt Lot Size 5467 Road Access Frontage RoadCitystreet Road Frontage Type HwyusCity Street Road Surface Type Asphalt

Interior Features

Building Size 1835 Ceiling Height 9.0000 Full Baths MU 0 Half Baths MU 0 Rooms MU 0 Rooms Total MU 0 Sq Ft Main Upper 0

Property Features

Building Utilities Separate Electric MeterSeparate Gas MeterSewerWaterCable Available Contingency Act With No Contingency Current Financing ConventionalConventional Current Use Multi-Family Disclosure Other None Disclosures Not Applicable Divisible Yes Gross Potential Income 20400 HVAC Separate Forced Air Insurance Expenses 1762 Interstate Ramp3-5Mi Multi Tenants Yes Net Operating Income 7677 New Construction YN No Possession Tenantrights Possible Use CommmultenCommsgltenOfficeRestaurant Property Sub Type Retail Retail Type Freestand Rooms Total 0 Semi Annual Property Tax Amt 781 Space Available 1835 Tax Year 2020 Township Center Ne Transaction Type ExchangeSale Zoning D-8

Listing provided courtesy of Keller Williams Indy Metro W. © 2021 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2021 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.
 
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Dean Wagner Realtors
716 3rd Street
Columbus IN, 47201