Address
516-522 E Raymond Street Indianapolis, IN
Price
$ 400,000
Property Attributes
  • MLS#21824025
  • TypePending
  • CountyMARION
  • CityIndianapolis
  • AreaCenter SE
  • NeighborhoodB MUSSMANS RAYMOND ST SUB
  • Zip46203
  • Style
  • Year Built1951
  • Taxes$ 3388
  • Price$ 400,000
  • Bedrooms10
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage28630
  • Lot Size12,632 SqFt
Listing Provided Courtesy Of:
Mark Dietel with Mark Dietel Realty, LLC
Data Source:
Metropolitan Indianapolis MLS (MIBOR) - 116 - IN
Property Description

Great income producing property with a diversified tenant base. Average number of years for tenant base is approx. 4 yrs. 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
11/16/2021 Listed $400,000

General Features

Architectural Style Other
City Indianapolis
Construction Materials Wood, Wood With Stone
County Marion
Current Financing Contract, Conventional, Exchange - 1031, Owner
Days on Market 4
Directions Parcels located across from Garfield Park, just east of East St on north side of Raymond Str., just west of 1-65 & Raymond St exit, & approx.1 mile south of Lillian East St.
Disclosures Not Applicable
MBR_SchoolDistrict Indianapolis Public Schools
Net Operating Income 45513
New Construction No
Ownerpays InsHazard, Insurance, Insurance
Possession Negotiable, Tenant's Rights
Property Attached Y/N No
Property SubType Commercial Units - 5+
Property Type Residential Income
Standard Status Pending
Status Pending
Street Name Raymond
Structure Type Apartment Building
Subdivision Name B MUSSMANS RAYMOND ST SUB
Tax Year 2019
Tenant Pays Security, Cable TV, Electricity, Gas, Insurance, All Utilities, Water
Total Units 8
Township Center SE
Year Built 1951

Interior Features

Street Suffix Street

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
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 46203

Price
AVG $250K
$400K
Taxes
AVG $1,629
$3,388
Visits
AVG 69
1
Year Built
AVG 1949
1951
Walkscore
AVG 46
59
Data Provided by Walkscore ® not using MLS data

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