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$310,000 $15,000on 3/3/2021(Pending)

516522 E Raymond Street Indianapolis, IN 46203

Property Description
Great income producing property with a diversified tenant base. Average number of years for tenant base is approx. 4 yrs. High CAP rate 12-14%. Purchase Price is approx. $37 per sq ft. Consistent monthly income even during COV-19. Main building has 5 residential units plus a catering kitchen that is Board of Health approved. The main building has an additional unit that needs finished. The single family home is leased plus there is a vacate lot for future parking needs. Tenants have access to large paved parking lot off East St via parking agreement.
Address:516522 E Raymond Street Indianapolis IN 46203
Status:Pending
on site: 455 days
Price:$310,000
Bathrooms:0
Year Built:1951
Lot Size:0.29
County: Marion
Township: Center SE
MLS #:21694369
Property Type:5+Units Commercial

Lot Dimensions:12632
Lot Features:Access Alley, Access Street, Busline, Sidewalks
Building Utilities:Electric, Cable Connected, Gas Connected, Municipal Storm Connected, Municipal Sewer Connected, Municipal Water Connected
Directions:Parcels located across from Garfield Park, just east of East St on north side of Raymond Str., just west of 1-65 & Raymond St exit, & approx.1 mile south of Lillian East St.
Sq. Ft. Source:Builder
Loan Price
$2,028
Price And Interest $1,617/month
Property Tax $282/month
MTG INS $0/month
HOME INS $129/month
Price
$310,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$282/month
Home Owner Insurance
$1,548 / 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
DateOld PriceNew PricePercent Change
03/03/21 $325,000 $310,000 -4.62%
01/10/21 $335,000 $325,000 -2.99%
11/05/20 $340,000 $335,000 -1.47%
09/29/20 $350,000 $340,000 -2.86%
Semi-Annual Property Tax:$1,694
Tax Year:2019
Other Disclosures:Flood Plain, None
Area: 4913 - Marion - Center Se
Subdivision: B MUSSMANS RAYMOND ST SUB
Zip Code:46203
Exterior Type:Wood, Wood With Stone
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company, Inc.
Tucker Customer Care
Additional Phone (317) 954-4768
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Listing provided courtesy of Mark Dietel Realty, LLC.

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.