$525,000
324 S College AVE Indianapolis, IN 46202
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Listed by Peter Stewart • Keller Williams Indpls Metro N
$525,000
Est. payment /mo
7,840 Sqft Lot
New
324 S College AVE Indianapolis, IN 46202
UPDATED:
11/06/2024 10:36 PM
Key Details
Property Type Vacant Land
Sub Type Residential Lots
Listing Status Active
Purchase Type For Sale
Subdivision Rays
MLS Listing ID 22009400
HOA Fees $5/ann
HOA Y/N Yes
Tax Year 2023
Lot Size 7,840 Sqft
Acres 0.18
Property Description
WOW! Don't miss this rare chance to craft two modern masterpieces in one of Indianapolis' most sought-after neighborhoods. Nestled in the highly desirable Fletcher Place Historic District in downtown Indy, this large .18ac parcel is surrounded by a vibrant community of new builds and beautifully restored homes, making it a hub of growth and revitalization. The lot is ready to be split into two separate parcels so construction can begin on each build. The sale price includes approved design plans and permits for two stunning two-story luxury residences each featuring 4 bedrooms, 4.5 bathrooms, and a fully finished basement, offering nearly 4,000 sq ft of elegant living space. With both the city and IHPC already granting approvals, the construction process is streamlined, allowing you to separate the parcels, break ground immediately, and bring these designs to life. Whether you're an investor seeking a high-return project or an owner-occupant ready to design your dream home, this turnkey opportunity delivers both convenience and sophistication. The thoughtfully crafted plans set the stage for two luxury residences that blend timeless style with modern functionality, featuring high-end finishes throughout. With the projected home values exceeding $1M each, this is your chance to build equity and live in style in one of the city's most flourishing areas. Located in downtown Indy, these lots provide easy access to jobs, shopping, dining, and entertainment - perfect for those who appreciate a vibrant, active lifestyle. Architectural plans, appraisal reports, and detailed spec sheets for both builds are available for review, offering full transparency for discerning buyers. For those looking to maximize their investment, two additional lots at 828 N Oriental are available as part of a package deal, ready to be combined and built on. Act fast to secure these premier lots and bring your dream project to life in one of Indianapolis' most desirable neighborhoods!
Location
State IN
County Marion
Zoning Residential D-8
Interior
Fireplace N
Exterior
Waterfront false
View Y/N false
Building
Sewer Municipal Sewer Near
New Construction false
Schools
School District Indianapolis Public Schools
Others
Ownership Voluntary Fee
Acceptable Financing Not Applic
Listing Terms Not Applic
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