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7020 Twin Oaks Drive Indianapolis, IN $ 350,000
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$ 350,000 Get more info
7020 Twin Oaks Drive
$ 350,000
Back to search
Share Save

7020 Twin Oaks Drive

Indianapolis, IN, 46226
$ 350,000
Baths0.0 Sq 6,794

Monthly Estimate*

$ 2,326

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Studio

Commercial Property for sale in Indianapolis, IN

for $350,000. This 6,794 square foot building was built in 1968 on a lot size of 0.6.

This solidly built Brick apartment building is a cash cow waiting for revitalization. A once 12 unit building last remodeled to a 7 unit apartment building. The units are currently framed out as 4 units with 2 beds plus a small bonus room and 1.5 baths - & -3 units with one bedroom and 1 bath. One of the 1 bedrooms has a bonus room and covered patio. There is ample parking for up to 12 units. Both ends of the building are/could be ADA compliant. The apartment complex adjacent to to the East - Kingston Square advertises 1/1's at $979+ per month. 2/1.5's at $1499 per month. With the current 7 units finished out the gross rents could be north of $9,000mo. Frame it back out to 12 units and the gross rents would be minimum $12,000mo.

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Commercial Pending

Price

$ 350,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,674

Style

Multi-Family 5+

Lot Size

0.6

Year Built

1968

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21980000
Features
General
Heating Electric
Cooling Wall Unit(s)
Utilities Electricity Connected
Possession Closing
Roof Shingle
Zoning commercial
Architectural Style Contemporary
Construction Materials Brick
Year Built 1968
View Neighborhood
Stories 2
Township Warren
Levels Two
Property SubType Multi-Family 5+
Tax Year 2023
Current Use Apt<20
County Marion
New Construction N
Property Type Commercial Sale
Facing Direction South
Status Pending
Directions GPS Friendly
High School Arsenal Technical High School
City Indianapolis
Buyer Agent Compensation 0.00
View Y/N Y
High School District Indianapolis Public Schools
NumberOfUnitsTotal 7
MLS Area 4905 - Marion - Warren
Lot Size Square Feet 26267
Waterfront Y/N N
Carport Spaces 0
Elementary School Arlington Woods School 99
Property Attached Y/N Y
Middle/Junior High School Arlington Community Middle School
Additional Parcels Y/N N
Days on Market 14
Structure Type Apartment Building
Standard Status Pending
Tax Lot 701
Buyer Agent Compensation Type $
Legal Description Pt Nw1/4 Nw1/4 S24 T16 R4 Beg 1065.1Ft S & 231.5Fte Of Nw Cor E 210Ft S 110Ft W 210Ft N 110Ft Tobeg. 0.603Ac Kingston Squareapts
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Exterior
Parking Features Common
Lot Features Access Sidewalks Street Lights Mature Trees
Foundation Details Slab
Building Area Total 6794
Lot Size Acres 0.6
Road Surface Type Asphalt
Road Frontage Type City Street
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Interior
Basement (Y/N) N
Laundry Features Connections All
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* Excluded Features
List By
United Real Estate Indpls

Broker

obanion.cathy@gmail.com

Email

Affordability Calculator

$2,632
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,326
Monthly Property Taxes
$306
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
4053499 Elementary School
4048410 Middle School
Arsenal Technical High School High School
See complete school information
Pricing History
Date Price Price Change Description
5/17/2024 $350,000 Listed Price

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7020 Twin Oaks Drive, Indianapolis, IN, 46226 is a Commercial Property for sale at $350,000 with 6,794 sqft and a lot size of 0.6. 7020 Twin Oaks Drive is a studio with 0.0 baths and was built in 1968. The property's zip code is 46226 which is in Indianapolis, IN

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