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$499,900 (Pending)

1023 S State Avenue Indianapolis, IN 46203

Property Description
Great income-producing 7-unit property in the heart of Fountain Square w/add'l LOT INCLUDED! NEW roof & decking, March 2021. Property is in excellent shape! Units have a mix of hardwoods, laminate & carpet. Ceramic tile in baths & kitchen. Exterior has been painted, several common doors replaced, new entry lights/LED flood lights, & grounds/parking lot restored from winter wear. Romex wiring, copper & PEX plumbing. Basement has new closed-cell foam & 10-mil vapor barrier. Room on electrical panel to add laundry & add'l income! Several long-standing tenants in place, but option to raise rent w/this location. Lot to the south (1027 State) incl in sale & could be another investment opt! Call list agent for more lease/unit info available!
Address:1023 S State Avenue Indianapolis IN 46203
Status:Pending
on site: 41 days
Price:$499,900
Bathrooms:0
Year Built:1900
Lot Size:0.15
County: Marion
Township: Center SE
MLS #:21775576
Property Type:5+Units Commercial

Lot Dimensions:6,438
Road Frontage:CityStreet
Lot Features:Access Street, Sidewalks, Street Lights
Building Utilities:Separate Electric Meter, Cable Available, Municipal Sewer Connected, Municipal Water Connected
Directions:From Prospect and State Ave, head north two blocks. Building is on east side of State St.
Sq. Ft. Source:Assessor
Basement:Yes
Loan Price
$3,055
Price And Interest $2,608/month
Property Tax $239/month
MTG INS $0/month
HOME INS $208/month
Price
$499,900
Down Payment %
0 %
Down Payment
$0
Property Taxes
$239/month
Home Owner Insurance
$2,496 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS
Ali Sanders
Ali Sanders

Senior Loan Officer

View My Profile

Courtesy of Tucker Mortgage
Semi-Annual Property Tax:$1,431
Tax Year:2019
Financial Disclosures:Not Applicable
Other Disclosures:As-Is, Sales Disclosure On File
Area: 4913 - Marion - Center Se
Subdivision: MORRIS & MILLS
Zip Code:46203
Exterior Type:Brick, Vinyl
Christi Coffey, REALTOR®/Broker, F. C. Tucker Company, Inc.
Christi Coffey
Phone (317) 694-0087
Additional Phone (317) 888-3311
Amanda Spicer, REALTOR®/Broker, F. C. Tucker Company, Inc.
Co-Listing Agent
Amanda Spicer
(317) 502-8435
The Coffey Team
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Listing provided courtesy of F.C. Tucker Company.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company, Inc. include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.