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323 W 8th ST Lapel, IN 46051
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Key Details
Sold Price $75,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Subdivision C Fishers
MLS Listing ID 21226017
Sold Date 05/24/13
Year Built 1976
Tax Year 2012
Lot Size 7,840 Sqft
Acres 0.18
Property Description
4,496 SF, 4 unit townhome, multi-family building in the Lapel community. Lapel is a bedroom community for Indianapolis and the rental market is strong with little vacancy online. Currently vacant and in need of some repair (inheritance). $40,000 - $60,000 repairs, depending upon desired finish, would complete this project and yield a 16-20% cap rate range.
Location
State IN
County Madison
Interior
Fireplace N
Exterior
Utilities Available Cable Connected, Gas, Sewer Connected, Water Connected
Building
Story Two
Structure Type Aluminum Siding, Brick
New Construction false
Others
Acceptable Financing Conventional
Listing Terms Conventional
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