7020 - 7032 Twin Oaks Drive, Indianapolis, IN 46226
sale
$350,000
|
Other
Courtesy Of SGA Enterprises, Inc
This building is currently set up as 7 units - 2 units are 1bd 1bath = There are 2 units with 3bd 2bath - 2 units with 3 Beds 1 bath - There is one very large 2bd 1 bath that should be divided to 2 units. Based on the rent schedule for the apartment complex immediately to the East of this building & current Section 8 allowable rents you can expect Gross Rents to be at $125,000yr (@100% occupancy). Once the rehab/cash out is complete you'll have a Building worth approx. 1.2 - 1.4 mil. The Building was stabalized & the roof & decking were torn off & replaced in the summer of 2023. The building is gutted to the studs. All 7 sewer lines are clear to the street (July 2026). The parking lot is large enough to park Food Trucks or add storage or a laundry room. A fresh survey and 8' privacy fence along the North Side have been completed. The walking traffic is huge in this area - Placing vending machines in the alcoves could generate significant additional income. A recent survey & interior scan is now available. The East side of Indianapolis is considered a good rental area with grocery choices, shopping, mass transit (1 blk away) and entry level and labor jobs available close by. The pictures have been updated and video added.
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Property Features
- Building Units: 7
- Exterior Type: Brick
- Floors: 2
- Legal Description: Pt Nw1/4 Nw1/4 S24 T16 R4 Beg 1065.1Ft S & 231.5Fte Of Nw Cor E 210Ft S 110Ft W 210Ft N 110Ft Tobeg. 0.603Ac Kingston Squareapts
- MLSID: 22127288
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
- Rooms: Bedroom 7
- Rooms: Bedroom 6
- Rooms: Bedroom 5
- Rooms: Bedroom 4
- Rooms: Bedroom 9
- Rooms: Bedroom 8
- Rooms: Bathroom 1
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