Sold
Last Sold Price
1115 N Rural St, Unit AF, Indianapolis, IN 46201
Multi FamilyProperty Type
1910Year Built

Description

Six (6) unit apartment building with Six (6) electric meters, grandfathered in. Five of the units have been completely turned over and Manager is stocking with fresh new tenants at $600+ per unit. Electrical being brought up to code, and many other upgrades have been made to make it a turn-key investment. Built in shelves & washer/dryer hookups are in place. Finished off with new flooring and paint throughout, this is a no brainer. New sump pump and sump pit in basement to keep it all dry. Act fast...Six (6) unit apartment building with Six (6) electric meters, grandfathered in. Five of the units have been completely turned over and Manager is stocking with fresh new tenants at $600+ per unit. Electrical being brought up to code, and many other upgrades have been made to make it a turn-key investment. Built in shelves & washer/dryer hookups are in place. Finished off with new flooring and paint throughout, this is a no brainer. New sump pump and sump pit in basement to keep it all dry. Act fast if you want to buy this as an owner-occupied property, reserving one of the units for yourself, before we get them all rented. Incredible investment at only $58k per unit.
  • Listed by: Mark Jones 317.546.3482 jsibol@midwestpmi.com • PMI Midwest
Listing closed: 09/20/2023 12:00 AM • Source: MIBORMLS, MLS#: 21924205

Recent comparable sales

Median sold price

$325,000

Avg days on market

39

Sale-to-list ratio

96.5%

Indianapolis, IN

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Location

Listing Courtesy of PMI Midwest

Sold By Triple E Realty, LLC

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Property Information for 1115 North Rural Street, Unit AF

Property Details
  • Taxes: $889 semi-annually
  • MLS Type: Residential Income / Fourplex
  • Lot Size: 0.00 AC / 0 SF
  • Architectural Style: TraditonalAmerican
  • Subdivision Name: Vajens South Brookside
  • Township: Center SE
  • Zoning: 0
Building Information
  • Residences: 4
  • Year Built: 1910
  • Lot Size: 0.00 AC / 0 SF
Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: From 10th and Rural Street head north onto Rural. Home will be on right side of the street.
  • Postal Code: 46201
  • Road Access: Not Applic
  • State Or Province: IN
  • Unit Number: A-F
Taxes and HOA Information
  • Parcel Number: 490732193170000101
  • Semi Annual Property Tax Amt: 889
  • Tax Exemption: None
  • Tax Year: 2022
  • TaxLot: 13
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt>20
  • Lot Description: Busline, Curbs, Storm Sewer
  • Lot Size Square Feet: 6080.0
  • Lot Size Acres: 0.0
  • New Construction: False
  • Structure Type: Apartment Building
  • Year Built Numeric: 1910
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • Legal Subdivision: VAJEN S SOUTH BROOKSIDE
  • Photos Count: 20
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Buyer Financing: Conventional
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Municipal Storm Connected,Storm Sewer
  • Solid Waste: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding
Interior Features
  • Levels: Two
  • Laundry Features: Other
Multi Family
Multi-Family Information
  • Total Units: 4
  • Garage Parking: Guest Parking, On Street
Income & Expenses
  • Expenses: 0
  • Net Operating Income: $.00
  • Gross Income: $.00
Unit 1
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Miscellaneous: Other,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced,Other
Unit 2
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced
Unit 3
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced
Unit 4
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced
Unit 5
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced
Unit 6
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced

Property History for 1115 North Rural Street, Unit AF

DateEvent & SourcePriceAppreciation
Sep 20, 2023

Sold

MIBORMLS #21924205

$345,000
Aug 15, 2023

Pending

MIBORMLS #21924205

May 31, 2023

Listed (Active)

MIBORMLS #21924205

$349,000
DateEvent & SourcePrice
09/20/2023

Sold

MIBORMLS #21924205

$345,000
08/15/2023

Pending

MIBORMLS #21924205

05/31/2023

Listed (Active)

MIBORMLS #21924205

$349,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1115 North Rural Street, Unit AF

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - K to 12
Public - PK to 6
Rating
School
Distance
Anna Brochhausen School 88
PublicPK to 5

Arlington Community Middle School
Public6 to 8

Impact Academy 3
PublicK to 12

Arlington Woods School 99
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PMI Midwest

Based on information submitted to the MLS GRID as of 09/21/2023 08:42 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.