Remarks

8000 Square Foot Building...4000 Sq Ft main Level & 4000 Sq Ft upper level. Owner Financing may be considered 50% Down Payment, 8% Rate, 15 Year Amortization, 5 Year Ballon. Total rents approximately $4000 per month $48,000 per year. Two Store Fronts main level approximately 2000 Sq Ft each side total of 4000 Sq Ft. Entire main level 4000 Sq Ft used as a Church but may be rented separately 2000 Sq Ft each or combined if new owner chooses. Eight efficiency apartment upper level with one shared bathroom and one shared kitchen. Stable tenants. Rents appear under market. Religious Exemption no property taxes currently. Property also known as 3429 & 3435 E 10th St. Utilities are prorated between tenants and owner. Church tenant on main level pays approximately half of utilities and owner pays balance for 8 apartments up. Owner also has single family home in rear of building at 970 N Olney St that owner would consider selling. Rents $1600 with 4 tenants landlord pays utilities. In addition, owner has adjacent properties to west for sale at 3419 10th St $140,000 and 3425 E 10th St. $395,000.

Details

MLS#: 22021763
Price: $350,000

Style: Mixed Use
Sq Ft: 8004

County: Marion
Tax Fee: 20.0

School District: Indianapolis Public Schools