$423,000
$519,000
18.5%For more information regarding the value of a property, please contact us for a free consultation.
7944 E 49th ST Lawrence, IN 46226
0.55 Acres Lot
Key Details
Sold Price $423,000
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Subdivision North Lawrence Park
MLS Listing ID 21548451
Sold Date 05/01/19
Year Built 1964
Tax Year 2017
Lot Size 0.550 Acres
Acres 0.55
Property Sub-Type Multi-Family 5+
Property Description
BRICK 2-STORY BUILDING WITH A BASEMENT AND ASPHALT PARKING FOR APPROX 30 VEHICLES. THERE ARE 11 2-BEDROOM/1BATHROOM UNITS ON THE FIRST AND SECOND FLOORS PLUS 1 EFFICIENCY UNIT IN THE BASEMENT. AT THIS TIME THE PROPERTY IS FULLY OCCUPIED EXCEPT FOR THE EFFICIENCY (CURRENTLY USED FOR STORAGE). EACH UNIT IS SEPARATELY METERED FOR GAS AND ELECTRICITY. THIS IS AN EXCELLENT INVESTMENT OPPORTUNITY WITH A GOOD ECONOMIC RETURN.AS AN OWNER MANAGED PROPERTY, THIS RETURNS A POTENTIAL NET INCOME OF NEARLY $5,000 PER MONTH (NOT INCLUDING THE VACANT EFFICIENCY APARTMENT).
Location
State IN
County Marion
Zoning D-3
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Building
Story Two
Foundation Block
Structure Type Brick
New Construction false
Schools
School District Msd Lawrence Township
Others
Acceptable Financing Conventional
Listing Terms Conventional
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