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$423,000 (Sold)

7944 E 49TH Street Lawrence , IN 46226

  • 0 Beds
  • 0 Baths
Property Description
BRICK 2-STORY BUILDING WITH A BASEMENT AND ASPHALT PARKING FOR APPROX 30 VEHICLES. THERE ARE 11 2-BEDROOM/1BATHROOM UNITS ON THE FIRST AND SECOND FLOORS PLUS 1 EFFICIENCY UNIT IN THE BASEMENT. AT THIS TIME THE PROPERTY IS FULLY OCCUPIED EXCEPT FOR THE EFFICIENCY (CURRENTLY USED FOR STORAGE). EACH UNIT IS SEPARATELY METERED FOR GAS AND ELECTRICITY. THIS IS AN EXCELLENT INVESTMENT OPPORTUNITY WITH A GOOD ECONOMIC RETURN. AS AN OWNER MANAGED PROPERTY, THIS RETURNS A POTENTIAL NET INCOME OF NEARLY $5,000 PER MONTH (NOT INCLUDING THE VACANT EFFICIENCY APARTMENT).
Address:7944 49TH Street Lawrence IN 46226
Status:Sold
Sold On: 5/1/2019
Price:$519,000
Bathrooms:0 Baths
Year Built:1964
Lot Size:0.55
County:Marion
Township:Lawrence
School System : Lawrence Township
MLS #:21548451
Property Type:5+Units Commercial

Lot Dimensions:23827
Road Frontage:CityStreet
Road Access:CityStreet
Road Surface:Asphalt
Lot Features:Busline, Corner, Storm Sewer, Street Lights, Zoned
Zoning:D-3
Building Utilities:Electric, Separate Gas Meter, Sewer, Water, Municipal Storm Connected, Municipal Sewer Connected, Municipal Water Connected, Storm Sewer
Directions:I-465 (EAST LEG) TO 56TH STREET; EAST ON 56TH STREET TO FRANKLIN ROAD; SOUTH ON FRANKLIN ROAD TO 49TH STREET; PROPERTY ON NORTHWEST CORNER OF INTERSECTION.
Sq. Ft. Source:Assessor
Loan Price
$2,663
Price And Interest $2,207/month
Property Tax $280/month
MTG INS $0/month
HOME INS $176/month
Price
$423,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$280/month
Home Owner Insurance
$2,112 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS
Michael Holl
Michael Holl

Senior Loan Officer

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Courtesy of Tucker Mortgage
Semi-Annual Property Tax:1682
Tax Year:2017
Financial Disclosures:Not Applicable
Other Disclosures:None
School System:Lawrence Township
Exterior Features:Driveway Asphalt
Exterior Type:Brick
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company, Inc.
Tucker Customer Care
F.C. Tucker Company
Additional Phone (317) 954-4768

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Listing provided courtesy of Hurwitz Company.

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