Sold
Last Sold Price
2920 Bluff Rd, Indianapolis, IN 46225
OtherProperty Type
0.6 acresLot Size
1963Year Built

Description

6 unit apartment building, each unit featuring 1 bdrm and 1 bath. Recent upgrades include new roof(2017), water heater(2016), windows(2014),sewer(2014) and all units except 1 have had interior upgrades within the last 2 years. Tenants pay electric, landlord pays sewer and gas heat which is supplied by a very economical hot water boiler system. Net profit of $33,000 a year, occupancy rates are close to 100%. Property does lie in a flood zone, but has never flooded.6 unit apartment building, each unit featuring 1 bdrm and 1 bath. Recent upgrades include new roof(2017), water heater(2016), windows(2014),sewer(2014) and all units except 1 have had interior upgrades within the last 2 years. Tenants pay electric, landlord pays sewer and gas heat which is supplied by a very economical hot water boiler system. Net profit of $33,000 a year, occupancy rates are close to 100%. Property does lie in a flood zone, but has never flooded.
  • Listed by: Dean Ehrgott 317.223.1186 tower1realty@aol.com • Tower 1 Realty
Listing closed: 04/22/2017 12:00 AM • Source: MIBORMLS, MLS#: 21462539

Location

Listing Courtesy of Tower 1 Realty

Sold By Tower 1 Realty

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Property Information for 2920 Bluff Road

Property Details
  • Taxes: $1,218 semi-annually
  • MLS Type: Residential Income / 5+Units Commercial
  • Architectural Style: ApartBldg
  • Subdivision Name: NO SUBDIVISION
  • Township: Center SW
Building Information
  • Residences: 6
  • Year Built: 1963
  • Lot Size: 0.60 AC / 26,136 SF
Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: 1 block north of Troy Avenue on Bluff Road to sign on west side of road
  • Postal Code: 46225
  • Road Access: CityStreet
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491123115014000101
  • Semi Annual Property Tax Amt: 1218
  • Tax Exemption: None
  • Tax Year: 2015
Owner
  • Owner Pays: Insurance, Lawncare, Taxes, Sewer, Trash Collection
Property
Lot Information
  • Acreage: 1/2-1 Acre
  • Building Area Source: Assessor
  • Building Information: Handicap Access
  • Lot Number: n/a
  • Lot Size: 24000
  • Lot Size Acres: 0.6
  • MLS: MIBOR
  • New Construction: False
  • SqFt Main Upper: 0
  • Sq Ft Total: 0.0
  • Year Built Numeric: 1963
Property and Assessments
  • Affected by Disclosures: 0
  • Conversion: 0
  • Documents: None
  • Inspection Warranties: Not Applicable
  • Photos Count: 7
  • Property Sub Type: 5+Units Commercial
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • SaleTerms: Cash
  • Transaction Type: Sale
Green Features
  • Green Certification: 0
Utilities
  • Building Utilities: Electric,Seperate Electric Meter,Sewer,Well,Cable Connected,Gas Connected,Municipal Sewer Connected,Private Well
  • Solid Waste: 0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Foundation Details: Block
Interior Features
  • Levels: One
  • Laundry: NoLaundry
Room Information
Room Information
  • Rooms MU: 0
  • Rooms Total MU: 0
  • Total Rooms: 0
Bathrooms
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Count: 0
  • Full Baths MU: 0
  • Half Baths MU: 0
Bedrooms
  • Beds MU: 0
  • Bedrooms MU: 0
Multi Family
Multi-Family Information
  • Total Units: 6
  • Garage Parking: Guest Parking, Parking Lot, Paved Area
Income & Expenses
  • Expenses: 7700
  • Gross Operating Income: 40800
  • Net Operating Income: $33,100.00
Unit 1
  • Unit Kitchen: 10x16
  • Unit Levels: 1.0000
  • Unit Master Bedroom: 12x11
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater,Water Softener Rented
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 1
  • Unit Num of Rooms: 4
  • Unit Num of Units: 1
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 600
  • Unit Utilities: ClWallUnit,FuelGas,HotWtrGas
Unit 2
  • Unit Kitchen: 10x16
  • Unit Levels: 1.0000
  • Unit Master Bedroom: 12x11
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 1
  • Unit Num of Rooms: 4
  • Unit Num of Units: 1
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 600
  • Unit Utilities: ClWallUnit
Unit 3
  • Unit Kitchen: 10x16
  • Unit Levels: 1.0000
  • Unit Master Bedroom: 12x11
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 1
  • Unit Num of Rooms: 4
  • Unit Num of Units: 1
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 600
  • Unit Utilities: ClWallUnit
Unit 4
  • Unit Kitchen: 10x16
  • Unit Levels: 11.0000
  • Unit Master Bedroom: 12x11
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 1
  • Unit Num of Rooms: 4
  • Unit Num of Units: 1
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 600
  • Unit Utilities: ClWallUnit
Unit 5
  • Unit Kitchen: 10x16
  • Unit Levels: 1.0000
  • Unit Master Bedroom: 12x11
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 1
  • Unit Num of Rooms: 4
  • Unit Num of Units: 1
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 600
  • Unit Utilities: ClWallUnit
Unit 6
  • Unit Kitchen: 10x16
  • Unit Levels: 1.0000
  • Unit Master Bedroom: 12x11
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 1
  • Unit Num of Rooms: 4
  • Unit Num of Units: 1
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 600
  • Unit Utilities: ClWallUnit
Rental
Rental Information
  • Tenant Pays: Electricity, Insurance

Property History for 2920 Bluff Road

DateEvent & SourcePriceAppreciation
Apr 22, 2017

Sold

MIBORMLS #21462539

$224,300—
Mar 27, 2017

Pending

MIBORMLS #21462539

—
Feb 20, 2017

Listed (Active)

MIBORMLS #21462539

$255,000—
DateEvent & SourcePrice
04/22/2017

Sold

MIBORMLS #21462539

$224,300
03/27/2017

Pending

MIBORMLS #21462539

—
02/20/2017

Listed (Active)

MIBORMLS #21462539

$255,000

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

Public Records for 2920 Bluff Road

Taxable ValueLand$73,600Additions$124,300Total$197,900
Tax Record2024$4,696 ($391 / month)
Home Facts
Total Finished SqFt3,484 SqFtAbove Grade Finished SqFt3,484 SqFtStories1Lot Size31,993 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningZO01CountyMARIONAPN49-11-23-115-014.000-101

Schools near 2920 Bluff Road

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
George W. Julian School 57
PublicPK to 5

William Penn School 49
Public6 to 8

Thrival Academy
Public9 to 12

Ralph Waldo Emerson School 58
PublicPK to 5

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 Tower 1 Realty

Based on information submitted to the MLS GRID as of 04/13/2021 06:42 PM. 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.