5128 E. Washington St

Indianapolis, IN 46219 View Map $1,229,900 Schedule a Tour
Acres0.15
Year1930
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Josh Latham

Josh Latham

(317) 989-7465
Associate Broker
 
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Status: Active
Property Type:Industrial
MLS #:21872901
On Site:20 Days
Lot Size:0.15 Acres
County:Marion
Being sold as a package with 5140 E. Washington, the Muriel & Victoria Apartments mirror one another with eight units each, 100% fully occupied for the past five years, with all bathrooms updated. These full brick buildings feature updated roofs in the past five years, one bed/one bath layouts, and electrical upgrades. The units consist of 375 sq ft of living space, hardwood floors, minor bathroom updates in all, nice sized kitchens with eat-in area, and larger living rooms. These properties have a cap rate of 7.3%, a master tenant that guarantees occupancy and pays half of utilities and onsite daily management.Situated on the western edge of Irvington Historic District, this area has seen rapid growth over the past 10 years with no slowing down.

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$000 Monthly Payment
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Community Information

Address:5128 E. Washington St Indianapolis, IN 46219
County:Marion
Township:Warren
Zip Code:46219

Property Features

Lot Size: 0.15 Acres
Lot Dimensions:50 x 133
Building Utilities: Cable Available, Gas Connected, Municipal Sewer Connected, Municipal Water Connected
Zoning:C-2
Directions:East of Emerson on north side of E. Washington Street.

Tax and Financial Info

Tax Year: 2021
Contingency: Act with no Contingency
Net Income: $89,700
Semi-Annual Property Tax: 2198
Gross Potential Income: 132000
Current Financing: Conventional, Exchange - 1031
Disclosures: Not Applicable
Possession: Close of Escrow, Negotiable
Other Disclosures: Sales Disclosure On File

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5128 E. Washington St Indianapolis, IN 46219
GO SEE THIS LISTING
5128 E. Washington St Indianapolis, IN 46219
 
ASAP
Mon
15
Aug
Tue
16
Aug
Wed
17
Aug
Thu
18
Aug
Fri
19
Aug
Sat
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Aug
Sun
21
Aug
Choose Your Date -- It's Free, Cancel Anytime
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Listing Information Last Updated 8/14/2022
Listing provided courtesy of RE/MAX Advanced Realty.
Information Deemed Reliable But Not Guaranteed. © 2022 Metropolitan Indianapolis Board of REALTORS®.