Address
516-522 E Raymond Street Indianapolis, IN
Price
$ 310,000
Property Attributes
  • MLS#21694369
  • TypePending
  • CountyMARION
  • CityIndianapolis
  • AreaCenter SE
  • NeighborhoodB MUSSMANS RAYMOND ST SUB
  • Zip46203
  • Style
  • Year Built1951
  • Taxes3388
  • Price$ 310,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size12,632 SqFt
Listing Provided Courtesy Of:
Mark Dietel with Mark Dietel Realty, LLC
Data Source:
Mid-Indiana BOR / MIBOR Realtor Association
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.

Price History
2/13/2020 Listed $350,000
9/29/2020 3% - $340,000
11/5/2020 2% - $335,000
1/10/2021 3% - $325,000
3/3/2021 5% - $310,000

General Features

Architectural Style Other
Construction Materials Wood, Wood With Stone
New Construction No
Property Attached Y/N No
Property SubType 5+Units Commercial
Property Type Residential Income
Standard Status Pending
Structure Type Apartment Building
Subdivision Name B MUSSMANS RAYMOND ST SUB
Total Units 8
Township Center SE

Exterior Features

Foundation Details Block
Lot Size Acres 0.29

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 46203

Price
AVG $210K
$310K
Taxes
AVG $1,681
$3,388
Visits
AVG 62
63
Year Built
AVG 1939
1951
Walkscore
AVG 49
56
Data Provided by Walkscore ® not using MLS data

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