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(317) 714-9580
Real Estate Company
1913 Hoyt Avenue, Indianapolis, IN 46203
- $475,000
- List Price
- $475,000
- MLS#
- 22128760
- Status
- ACTIVE
- Days on Market
- 26
Property Description
New-construction duplex opportunity in historic Fletcher Place, steps from Fountain Square's dining and entertainment district. The Lexington model offers two 3-bed/2-bath units of approximately 1,296 SF each. Projected rent of $1,799 per unit is supported by nearby 3-bedroom comparables, most within a quarter mile. Pro forma: $43,176 gross potential rent, $30,836 estimated NOI at 5% vacancy and 8% management. Convenient access to downtown via Virginia Ave and I-65/70. Taxes and insurance are estimates; buyer to verify. This property is broker owned.
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Additional Information
- Expenses
- 10181
- New Construction
- Yes
- Construction Stage
- Permit on File
- Est. Completion Date
- 01/27
- Acres
- 0.13
- 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.