Nine unit residential multifamily investment property in popular Woodruff Place being sold together with 725-735 Woodruff Place Middle Dr., BLC#21908038 situated in both an Historic District and an Opportunity Zone, loaded with possibility, strategically located just one mile east of Downtown Indianapolis in a desirable, trendy, residential neighborhood with a park-like setting surrounded by large beautiful homes and mature landscaping. A hard to find investment close to employment and retail centers, (including Bottleworks and Mass Ave.); offering investors upside potential for long term investment growth, close, but not too close to the CBD. Hardwood floors and woodwork showcase the potential of this classic building. See Agent Remarks
- Price:
- $2,250,000
- Square Footage:
- 8,617
- Acreage:
- 0.31
- Year Built:
- 1900
- Listing ID #:
- MBR21908028
- Street Address:
- 624 Woodruff Place Middle Dr
- City:
- Indianapolis
- State:
- Indiana
- Postal Code:
- 46201
- County:
- Marion
- Community:
- 4912 - Marion - Center Ne
- Subdivision:
- Woodruff Place
- Listing Status:
- Pending
- Listing Type:
- Commercial Sale
9-12
2574 students
14 student/teacher
- Construction Type:
- Wood Brick
- Number Of Units:
- 9
- Stories:
- Basement, Two
- Structure:
- Apartment Building
- Total Building Square Footage:
- 8617
- Year Built:
- 1900
- Conforms To Zoning:
- D5
- Existing Land Use:
- Residential
- Lot Features:
- Access, Curbs, Sidewalks, Street Lights, Mature Trees
- Lot Square Footage:
- 13599
- Days On Market:
- 96
- Originating Mls:
- Mibor
- Previous Listing Price:
- 1750000
- Subdivision:
- Woodruff Place
- Township:
- Center Ne
- Owner Pays:
- Gas, Ins Hazard, Insurance, Insurance, Taxes, Sewer, Water
- Tax Year:
- 2021
- Tenant Pays:
- Electricity, Insurance
- Cooling System:
- Separate Meters
- Laundry:
- Common Laundry
- Utilities:
- Cable Connected, Electricity Connected, Gas, Water Connected
- Unit 8 Type:
- Efficiency
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Jane Drew Pollom (janedrew.pollom@talktotucker.com) with F.C. Tucker Company
