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$315,000 (Pending)

4948 W 16th Street Speedway, IN 46224

Property Description
GREAT SCHOOLS! Rare opportunity to own multi-family housing in Speedway, close to the 500 Track and Redeveloped Main Street. This wonderful duplex is within walking distance to both - with many restaurants, bars, shops and of course the world famous IMS! Much flexibility - rent out half and live in the other half, use as an Air B-N-B for short term rentals, or rent both sides for maximum income potential. Both units have 2 Bedrooms, 1-1/2 Baths, unfinished Basement, and a shared 2 car garage. Very charming and 'Old Speedway-esque' with arched doorways, glass doorknobs and lots of nooks and crannies! Buyers and tenants alike will love the amount of storage in these units -Huge Basement with Laundry facilities, large walk in closet upstairs.
Address:4948 W 16th Street Speedway IN 46224
Status:Pending
on site: 6 days
Price:$315,000
Bathrooms:0
Year Built:1948
Lot Size:0.14
County: Marion
Township: Wayne Speedway
School System : School Town of Speedway
MLS #:21800281
Property Type:1-4 Units Residential

Lot Dimensions:6,011
Road Frontage:CityStreet
Road Access:CityStreet, StreetCuts
Road Surface:Concrete
Lot Features:Busline, Corner, Sidewalks, Storm Sewer, Street Lights
Zoning:multi res
Building Utilities:Separate Electric Meter, Separate Gas Meter, Separate Sewer Meter, Water, Cable Connected, Gas Connected, Municipal Water Connected, Storm Sewer
Directions:Just west of the roundabout in front of the Indy 500 Track on West 16th Street. Double sits on the northwest corner of west 16th St and Cord St.
Sq. Ft. Source:Assessor
Basement:Yes
Loan Price
$1,918
Price And Interest $1,643/month
Property Tax $144/month
MTG INS $0/month
HOME INS $131/month
Price
$315,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$144/month
Home Owner Insurance
$1,572 / 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:$865
Tax Year:2020
Financial Disclosures:Not Applicable
Other Disclosures:Sales Disclosure Supplements, Other/See Remarks, Shared Driveway
Area: 4993 - Marion - Wayne Speedway
Subdivision: ROSNERS ADD TO SPEEDWAY
Zip Code:46224
Exterior Features:Driveway Concrete
Exterior Type:Stone, Wood
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 CHOATE REALTY & Consulting.

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.