• For Sale
  • Multi-Family Home

5345 E Washington St Indianapolis, IN 46219 Get directions

$850,000
27,443 Sq. ft. Lot
  • StyleApartBldg
  • Age 92 Years
  • MLS# 21585495
  • Listed 3 Months 17 Days Ago

Overview

Exciting Value add 41 Unit Apartment building in the heart of Irvington has 27 units completed and rented out. 14 units remain to be completed. The remaining units vary in how much it will cost to complete but current owner has taken care of the big ticket items. A brand new roof was just put on in the past year and many electrical and plumbing issues have been resolved. All units on main and 2 upper levels are studio apartments as reflected in the photos. The lower level has 5 large 1 bedroom apartments which will need to be rehabbed.

Features

Other rooms

  • Laundry: Common

Building and Construction

  • Architectural Style: ApartBldg,TradAmer
  • Exterior: Brick
  • Roof: Rubber - new with warranty
  • Building Levels: Three
  • Building Information: No Furnature

Exterior and Lot Features

  • Lot Information: Busline, Corner
  • Lot Size: 27,443
  • Acres: 1/2-1 Acre

School Information

  • School District: Indianapolis Public Schools

Other Property Info

  • City: Indianapolis
  • State Or Province: IN
  • Area: 4905 - Marion - Warren
  • County Or Parish: Marion
  • Subdivision: L & C Ritters
  • Directions: South on Emerson to East Washington street, Head East on Washington Street, turn right on to South Downey Avenue, Property is on the Corner of South Downey Avenue and East Washington Street.

Listing Information

  • Status: Pending - Continue To Show
  • Listing Contract Date: 2018-08-01
  • Status Date: 2018-08-20

Multi-Unit Info

  • Number of Units: 41
  • Tenant Pays: Electric

Nearby Schools

Rating School Grades Distance
NA Our Lady Of Lourdes School PK-8 0.1 mi
3 George W. Julian School 57 K-6 0.1 mi
1 Thomas Carr Howe Community High School 7-12 0.5 mi
5 Irvington Community School K-12 0.8 mi
1 Ralph Waldo Emerson School 58 K-6 0.8 mi
4 Christian Park School 82 K-6 0.9 mi
NA Horizon Christian School -Shephard Campus K-5 1.1 mi
NA Scecina Memorial School 9-12 1.3 mi

School data provided by National Center for Education Statistics, Maponics, and GreatSchools. Intended for reference only. GreatSchools Ratings compare a school’s test performance to statewide results. To verify enrollment eligibility, contact the school or district directly.

Neighborhood

Property History for 5345 E Washington St

Property Price

Date Event Price Price / Sq ft Source
08/20/2018 Listed $850,000

The price and tax history data is obtained from public records and/or MLS feeds from local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.