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(317) 714-9580
Real Estate Company
210 N State Avenue, Indianapolis, IN 46201
- $475,000
- List Price
- $475,000
- MLS#
- 22120744
- Status
- ACTIVE
- Days on Market
- 69
Property Description
New-construction duplex in the Cottage Home Historic District on Indianapolis's near eastside, just east of downtown and Mass Ave. The Lexington model offers two 3-bed/2-bath units of approximately 1,296 SF each. Projected rent of $1,800 per unit is supported by 3-bedroom comparables within 2 miles. Pro forma: $43,200 gross potential rent, $30,857 estimated NOI at 5% vacancy and 8% management. Tree-lined, walkable streets with a Conservation Plan guiding compatible new construction. Taxes and insurance are estimates; buyer to verify. This property is broker owned.
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Additional Information
- Expenses
- 10183
- New Construction
- Yes
- Construction Stage
- Completed
- Est. Completion Date
- 08/26
- Acres
- 0.09
- Region
- Center
Listing courtesy of Alec Neu. Neu Real Estate Group
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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID. 
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.