7 unit multifamily investment property in popular Woodruff Place being sold together with 624 Woodruff Place Middle Dr. (9 unit BLC#21908028). Situated in both a 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:
- 7,162
- Acreage:
- 0.24
- Year Built:
- 1910
- Listing ID #:
- MBR21908038
- Street Address:
- 725 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
- Architecture Style:
- Multi-Level
- Construction Type:
- Wood
- Number Of Units:
- 7
- Total Building Square Footage:
- 7162
- Year Built:
- 1910
- Documents On Hand:
- None Available
- Conforms To Zoning:
- D5
- Existing Land Use:
- Residential
- Lot Features:
- Access, Corner Lot, Sidewalks, Street Lights, Mature Trees
- Lot Square Footage:
- 10542
- Days On Market:
- 96
- Originating Mls:
- Mibor
- Previous Listing Price:
- 1750000
- Subdivision:
- Woodruff Place
- Township:
- Center Ne
- Owner Pays:
- Gas, Ins Hazard, Insurance, Trash Collection, Water
- Tax Year:
- 2021
- Tenant Pays:
- Cable Tv, Electricity, Insurance
- Cooling System:
- Separate Meters
- Laundry:
- Common Laundry
- Utilities:
- Cable Connected, Electricity Connected, Gas
- Unit 1 Type:
- Apartments
- Unit 2 Type:
- Efficiency
- Unit 3 Type:
- Apartments
- Unit 4 Type:
- Efficiency
- Unit 5 Type:
- Apartments
- Unit 6 Type:
- Apartments
- Unit 7 Type:
- Apartments
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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
