3527 North College Avenue

Indianapolis, IN 46205

$1,100,000
Price
Beds
7,725 Sq. Ft.
$142 / Sq. Ft.
7,725
Sq. Ft.
$142
per Sq. Ft.

Description

This property offers a solid foundation for long-term returns with a convenient location, income-producing potential, and 6 brand new fully renovated 2 bedroom/1 full bath units. This multi-unit condo complex in Watson Park is perfectly situated just north of downtown Indianapolis and south of Broad Ripple, residents can enjoy easy access to the city's amenities, cultural attractions, employment and public transportation. Residents will love the open concept, natural light & balcony in the living...This property offers a solid foundation for long-term returns with a convenient location, income-producing potential, and 6 brand new fully renovated 2 bedroom/1 full bath units. This multi-unit condo complex in Watson Park is perfectly situated just north of downtown Indianapolis and south of Broad Ripple, residents can enjoy easy access to the city's amenities, cultural attractions, employment and public transportation. Residents will love the open concept, natural light & balcony in the living room/kitchen area! Everything in these units is brand new (floors, bathroom, paint, stainless steel appliances, granite countertops, windows, hot water heater, heating/cooling, fence, etc.). Common area entrance is secured. Storage in the basement. Parking lot is secured by a remote controlled gated fence. This building is a perfect addition to an investor's portfolio or an investor eager to venture into multifamily ownership. Don't miss out on this fantastic investment opportunity and embrace the potential of Indianapolis real estate! It is a must see!
  1. Listed by Stephanie Scott • F.C. Tucker Company • Annie.Scott@talktotucker.com
  2. Listed by J'nai Stuller

Property Details for 3527 North College Avenue

Architectural Style
Other
Township
Center
Zoning
D5

Location

Listing Courtesy of F.C. Tucker Company
Add your commute
LISTING UPDATED: 03/22/2024 01:56 PM

Property Details for 3527 North College Avenue

StatusActive
MLS #21969556
Days on Market45
Taxes$2,723 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1910
Lot Size0.22 AC / 9,583 SF
CountyMarion County

Location

Listing Courtesy of F.C. Tucker Company
Add your commute

Building Information for 3527 North College Avenue

Stories2Residences6Year Built1910Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$6,457 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$454

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3527 North College Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46205
  • Postal Code Plus4: 3756
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 490624161004000101
  • Semi Annual Property Tax Amt: 2723
  • Tax Year: 2022
  • TaxLot: -
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt>20, Residential, Vacant
  • Lot Size Square Feet: 9600.0
  • Lot Size Acres: 0.22
  • New Construction: False
  • Stories: 2
  • Possible Use: Apt>20, Residential
  • Space Available: 6
  • Structure Type: Apartment Building
  • Sq Ft Total: 7725.0
  • Year Renovated: 2023
  • Year Built Numeric: 1910
  • Living Area Source: Plans
Property and Assessments
  • Affected by Disclosures: No
  • Legal Subdivision: Hasselman Place Add 1st Sec L7
  • Photos Count: 91
  • Property Attached: Yes
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Separate Sewer Meter,Water
  • Solid Waste: Yes
  • Utilities: Electricity Connected, Sep Electric Meter, Sep Sewer Meter, Water Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco
  • Exterior Features: Balcony
  • Foundation Details: Block
  • Fencing: Chain Link, Fence Complete, Gate
Interior Features
  • Basement Description: Storage Space, Unfinished
  • Basement YN: Yes
  • Cooling: Central Electric
  • Heating: Electric
  • Levels: Two
  • Laundry Features: Connections All
Multi Family
Multi-Family Information
  • Total Units: 6
Unit 1
  • Unit Kitchen: 23x15
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
Unit 2
  • Unit Kitchen: 23x15
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
Rental
Rental Information
  • Multi Tenants: Yes

Property History for 3527 North College Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3527 North College Avenue

Taxable ValueLand$42,400Additions$84,900Total$127,300
Tax Record2022$1,762 ($147 / month)
Home Facts
Total Finished SqFt8,832 SqFtAbove Grade Finished SqFt8,832 SqFtStories2Lot Size9,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyMARIONAPN49-06-24-161-004.000-101

Schools near 3527 North College Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Arlington Community Middle School
Public7 to 8

Arsenal Technical High School
Public9 to 12

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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3527 North College Avenue is a multi-family home for sale in Indianapolis, IN 46205. This property was listed for sale on March 21, 2024 by F.C. Tucker Company, it's currently listed at $1,100,000. It has been on the market for a total of 45 days and was last sold on December 5, 2017. This listing's school district is Indianapolis Public Schools. Nearby schools include IPS/Butler University Laboratory School 60, Arlington Community Middle School and Arsenal Technical High School. 3527 North College Avenue is a 0-bed, 0-bath, 7,725 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of F.C. Tucker Company

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.