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$175,000 (Pending)

318320 Sherman Drive Indianapolis, IN 46201

Property Description
Two words... CASH FLOW. This income generating property includes: 2 studio units in front, each with kitchen and 1 full bath; and 2 one-bedroom apartments in the back each with kitchen and 1 full bath. The one-bedroom apartments also have a basement for additional flex space. Currently receives $3,300/mo rent and is one of several properties under contract with a well recognized organization providing housing assistance to veterans (among other groups and services). All units tenant occupied. Selling as-is. Please look past the mess in photos as this is beyond seller's control. Units are repaired and repainted for each move-in.
Address:318320 Sherman Drive Indianapolis IN 46201
Status:Pending
on site: 23 days
Price:$175,000
Bathrooms:0
Year Built:1936
Lot Size:0.07
County: Marion
Township: Center NE
MLS #:21788518
Property Type:1-4 Units Residential

Lot Dimensions:.073
Road Frontage:FrontageRd
Road Access:CityStreet
Road Surface:Asphalt
Lot Features:Not Applicable
Building Utilities:Electric, Gas Connected, Municipal Sewer Connected, Municipal Water Connected
Directions:East on Washington St. (US 40) -- Turn Left (NORTH) on Sherman Dr. -- Go 0.2 miles and property is located on the right (West) side of the road.
Sq. Ft. Source:Assessor
Basement:Yes
Loan Price
$1,066
Price And Interest $913/month
Property Tax $80/month
MTG INS $0/month
HOME INS $73/month
Price
$175,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$80/month
Home Owner Insurance
$876 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS
Kim Hazzard
Kim Hazzard

Senior Loan Officer

View My Profile

Courtesy of Tucker Mortgage
Semi-Annual Property Tax:$479
Tax Year:2020
Financial Disclosures:Not Applicable
Other Disclosures:As-Is, Sales Disclosure On File
Area: 4912 - Marion - Center Ne
Subdivision: HARTMANS ADD ROBISON & VOORHEES
Zip Code:46201
Exterior Features:Fence Complete
Exterior Type:Wood Brick
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company, Inc.
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company, Inc
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Listing provided courtesy of United Real Estate Indpls.

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.