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$375,000 (Sold)

3725 N Sherman Drive Indianapolis, IN 46218

Property Description
Check out this awesome investment opportunity minutes from Downtown! This building features 8 apartment units that are fully occupied! There are 4 1 bed 1 bath units and 4 2 bed 1 bath units. Each unit also includes a dinning room and living room in each unit. The building receives $7000 a month in rental income with all units on section 8 contracts. Add to your investment portfolio today!
Address:3725 N Sherman Drive Indianapolis IN 46218
Status:Sold
Sold On: 8/13/2020
Price:$425,000
Bathrooms:0
Year Built:1953
Lot Size:0.40
County: Marion
Township: Center NE
MLS #:21685708
Property Type:5+Units Commercial

Lot Dimensions:.4021
Road Access:CityStreet
Lot Features:Busline, Sidewalks, Storm Sewer, Street Lights
Zoning:C1D5
Building Utilities:Electric, Municipal Sewer Connected, Municipal Water Connected
Directions:Take Sherman Dr. south of 38th St. to property.
Loan Price
$2,453
Price And Interest $1,956/month
Property Tax $341/month
MTG INS $0/month
HOME INS $156/month
Price
$375,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$341/month
Home Owner Insurance
$1,872 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS
Michael Holl
Michael Holl

Senior Loan Officer

View My Profile

Courtesy of Tucker Mortgage
Semi-Annual Property Tax:$2,045
Tax Year:2018
Financial Disclosures:Not Applicable
Other Disclosures:As-Is
Area: 4912 - Marion - Center Ne
Subdivision: FOREST MANOR
Zip Code:46218
Exterior Type:Brick
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company, Inc.
Tucker Customer Care
Additional Phone (317) 954-4768
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Get more information

Listing provided courtesy of Blade Realty Group.

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.