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Listed by Steven Koleno • Beycome Brokerage Realty LLC
$ 2,100,000
Est. payment | /mo
10,932 SqFt
$ 2,100,000
Est. payment | /mo
10,932 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,932 sqft
Price per Sqft $192
MLS Listing ID 22065458
Tax Year 2024
Lot Size 0.930 Acres
Acres 0.93
Property Sub-Type Mixed Use
Property Description
Incredible value-add apartment building in the heart of Zionsville - a community known for its charm, top-ranked schools, and strong job and population growth. This well-located property features 16 one-bedroom and 4 two-bedroom units with 40% already renovated, leaving plenty of upside for the next owner.Current rents average just $800, with market potential of $1,250-$1,375 . Tenants pay their own electric and heat, making for low owner expenses. The property sits on a large lot with ample parking, and the building itself is low-maintenance and easy to manage.At just over $100k per door, this is an exceptional chance to acquire a rare downtown Zionsville multifamily property with strong fundamentals and even stronger future upside..
Location
State IN
County Boone
Zoning ZO 01
Interior
Heating Electric, Baseboard
Cooling Wall Unit(s)
Fireplace N
Exterior
Utilities Available See Remarks
Building
Story One
Structure Type Brick
New Construction false
Schools
High Schools Zionsville Community High School
School District Zionsville Community Schools
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