$1,300,000
Pending 10,000
SqFt
1917
Built
Capitalize on the incredible momentum and rapid redevelopment in the historic Hasselman Place neighborhood. Located just blocks from major transit corridors and cultural hotspots, this exceptional 10-unit apartment building delivers a highly desirable asset mix built for modern urban living: six expansive 3-bedroom units and four comfortable 2-bedroom units. This value-add property offers immense revenue upside, with a projected gross monthly income of $22,000 upon stabilization. Stabilized pro-forma metrics indicate 3-bedroom units can easily command $2,600/month, while the 2-bedroom units secure $1,900/month. Currently zoned D-5, this property presents a premier play for forward-thinking investors ready to secure a zoning variance and unlock the full operational cash-flow potential of this historic location.
Capitalize on the incredible momentum and rapid redevelopment in the historic Hasselman Place neighborhood. Located just blocks from major transit corridors and cultural hotspots, this exceptional 10-unit apartment building delivers a highly desirable asset mix built for modern urban living: six expansive 3-bedroom units and four comfortable 2-bedroom units. This value-add property offers immense revenue upside, with a projected gross monthly income of $22,000 upon stabilization. Stabilized pro-forma metrics indicate 3-bedroom units can easily command $2,600/month, while the 2-bedroom units secure $1,900/month. Currently zoned D-5, this property presents a premier play for forward-thinking investors ready to secure a zoning variance and unlock the full operational cash-flow potential of this historic location.
SAVINGS CALCULATOR
$26,000
If listed with 1 Percent Lists
Estimated savings vs. a traditional 3% listing commission.
MORTGAGE CALCULATOR
$6,574
Estimate only — not a loan offer. Consult a lender for actual terms.
LISTING SNAPSHOT
Price$1,300,000
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)10,000 sqft
Lot Size0.22 Acres
Year Built1917
MLS® NumberN/A
StatusPending
Property TaxN/A
HOA/Condo/Coop FeesN/A
Listing courtesy of F.C. Tucker Company (chas@talktotucker.com)
About this office
Listings on this page are served for 1 Percent Lists Indiana Real Estate.
Comps
An estimate is not available for this listing.
Want to see Our Guess?
Create a free account to unlock our estimated home value for this listing.
Similar Listings Nearby
Active
$1,300,000
1415 Shelby Street, Indianapolis, IN 46203
Active
$1,299,500
4633 Crestview Avenue, Indianapolis, IN 46205
Active
$1,275,000
6351 Crawfordsville Road, Indianapolis, IN 46224
Active
$1,300,000
333 Massachusetts Avenue 702, Indianapolis, IN 46204
Active
$1,350,000
5133 Gray Road, Indianapolis, IN 46237