2258 N Hawthorne Lane Indianapolis, IN
$ 349,900
Property Attributes
  • MLS#21789692
  • TypeCommercial
  • CountyMARION
  • CityIndianapolis
  • AreaWarren
  • NeighborhoodEMERSON GARDENS
  • Zip46218
  • StyleRanch
  • Year Built1968
  • Taxes$ 2152
  • Price$ 349,900
  • Bedrooms10
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage4080
  • Lot Size0.56 Acres
Listing Provided Courtesy Of:
Sathya Kattragadda with CENTURY 21 Scheetz
Data Source:
Metropolitan Indianapolis MLS (MIBOR) - 116 - IN
Property Description

Fantastic 5 unit income producing investment property for sale! Well maintained, all brick ranch. Each unit is a 2BR/1BA with hardwood floors, living room, eat-in kitchen, & all have laundry connections. Separately metered, & individual HVAC, water heaters. Tenants pay all utilities except trash. Exterior has been updated with new wood trim, new paint, new gutters with leaf guards, new windows, & many other interior upgrades. Over half acre lot, large parking lot for several cars. Close to bus line, highway access & mile from Community East Hospital. Great cash flow potential, section 8/housing choice voucher approved. Don't miss out on this great opportunity for seasoned & novice investors alike!

Price History
6/7/2021 Listed $349,900

General Features

Architectural Style Ranch
City Indianapolis
Construction Materials Brick
Contingency Act with no Contingency
County Marion
Current Financing Conventional
Current Use Apt<20
Days on Market 50
Directions From Emerson and 21st St, drive East on 21st to Hawthorne Lane, and then turn North to 2258 Hawthorne Ln, just before the railroad tracks.
Disclosures Not Applicable
Exterior Features Fence Partial
Levels One
Net Operating Income 23520
New Construction No
Ownerpays InsHazard, Lawncare, Taxes, Trash Collection
Possession Negotiable, TenantRights
Property Attached Y/N Yes
Property SubType 5+Units Commercial
Property Type Residential Income
Standard Status Active
Status Active
Street Name Hawthorne
Structure Type Apartment Building
Subdivision Name EMERSON GARDENS
Tax Year 2020
Tenant Pays Electricity, Gas, Insurance, All Utilities, Water
Total Units 5
Township Warren
Year Built 1968
Zoning D-8

Interior Features

Basement (Y/N) No
Street Suffix Lane

Exterior Features

Foundation Details Crawl Space
Lot Size Acres 0.555
Road Frontage Type City Street
Road Surface Type Asphalt


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

Property vs Commercial Average in 46218

AVG $290K
AVG $1,896
AVG 42
Year Built
AVG 1972
AVG 42
Data Provided by Walkscore ® not using MLS data

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