55 West Fall Creek Pkwy S Drive

Indianapolis, IN 46208

$725,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this exceptional multi-family property offering a solid investment opportunity. This all-brick four-plex stands out with its recent upgrades to kitchens and bathrooms, ensuring modern comfort and style. The property is 100% occupied, and each unit features 2 bedrooms and 1 bath, demonstrating its appeal in the rental market. With a practical and well-maintained parking lot at the rear, this property provides ample parking space for tenants, adding to its desirability. The location is superb,...Welcome to this exceptional multi-family property offering a solid investment opportunity. This all-brick four-plex stands out with its recent upgrades to kitchens and bathrooms, ensuring modern comfort and style. The property is 100% occupied, and each unit features 2 bedrooms and 1 bath, demonstrating its appeal in the rental market. With a practical and well-maintained parking lot at the rear, this property provides ample parking space for tenants, adding to its desirability. The location is superb, just a short distance from educational, transit, shopping, and recreational amenities that enhance tenant living experiences and property value. Whether you want to expand your investment portfolio or venture into the real estate market, this property offers a compelling location, condition, and income potential package.
  1. Listed by Jamie Suchotzky • Red Hot, REALTORS LLC • Jamie@RedHotRealtors.com

Property Details for 55 West Fall Creek Pkwy S Drive

Subdivision Name
Rubens Wildwood
Township
Center

Location

Listing Courtesy of Red Hot, REALTORS LLC
Add your commute
LISTING UPDATED: 05/25/2024 06:35 PM

Property Details for 55 West Fall Creek Pkwy S Drive

StatusActive
MLS #21979227
Days on Market24
Taxes$2,687 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1910
Lot Size0.16 AC / 6,969 SF
CountyMarion County

Location

Listing Courtesy of Red Hot, REALTORS LLC
Add your commute

Building Information for 55 West Fall Creek Pkwy S Drive

Stories-Residences4Year Built1910Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$4,404 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,957

Property Taxes

$448

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 55 West Fall Creek Pkwy S Drive

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46208
  • Postal Code Plus4: 5738
  • Road Access: Not Applic
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 490625134006000101
  • Semi Annual Property Tax Amt: 2687
  • Tax Year: 2023
  • TaxLot: 11
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: Lawncare, Taxes
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20
  • Lot Description: Access
  • Lot Size Square Feet: 6886.0
  • Lot Size Acres: 0.16
  • New Construction: False
  • Structure Type: Quadruplex
  • Year Built Numeric: 1910
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Legal Subdivision: Rubens Wildwood L11
  • Photos Count: 57
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Web Link: www.RedHotRealtors.com
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Municipal Storm Connected,Storm Sewer,Water
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Foundation Details: Full
Interior Features
  • Basement YN: No
  • Cooling: Central Electric
  • Heating: Forced Air
  • Levels: Two
  • Laundry Features: Laundry Closet
Multi Family
Multi-Family Information
  • Total Units: 4
  • Garage Parking: Parking Lot
Income & Expenses
  • Expenses: 5863
  • Gross Income: $42,600.00
Unit 1
  • Unit Kitchen: 12x12
  • Unit Levels: 1
  • Unit Miscellaneous: Lndry Conn
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 12x12
  • Unit Levels: 1
  • Unit Miscellaneous: Lndry Conn
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Unit 3
  • Unit Kitchen: 12x12
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Unit 4
  • Unit Kitchen: 12x12
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities, Insurance

Property History for 55 West Fall Creek Pkwy S Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 55 West Fall Creek Pkwy S Drive

Taxable ValueLand$4,800Additions$248,500Total$253,300
Tax Record2023$6,008 ($501 / month)
Home Facts
Total Finished SqFt7,956 SqFtAbove Grade Finished SqFt7,956 SqFtStories2Lot Size6,886 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningZO01CountyMARIONAPN49-06-25-134-006.000-101

Schools near 55 West Fall Creek Pkwy S Drive

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Elder W. Diggs School 42
PublicPK to 6

Northwest Community High School (7-8)
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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55 West Fall Creek Pkwy S Drive is a multi-family home for sale in Indianapolis, IN 46208. This property was listed for sale on May 24, 2024 by Red Hot, REALTORS LLC, it's currently listed at $725,000. It has been on the market for a total of 24 days and was last sold on June 18, 2014. This listing's school district is Indianapolis Public Schools. Nearby schools include Elder W. Diggs School 42, Northwest Community High School (7-8) and George Washington Community High School (9-12). 55 West Fall Creek Pkwy S Drive is a 0-bed, 0-bath, 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 Red Hot, REALTORS LLC

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.