330 N Hamilton Avenue, Indianapolis, IN 46201

$475,000

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List Price
$475,000
MLS#
22124244
Days on Market
30
Status
ACTIVE

Property Description

New-construction duplex opportunity in Holy Cross on Indianapolis's near eastside, adjacent to the historic Woodruff Place district. The Lexington model offers two 3-bed/2-bath units of approximately 1,296 SF each. Projected rent of $1,695 per unit is supported by 3-bedroom comparables within 2 miles, many clustered within a half mile. Pro forma: $40,680 gross potential rent, $28,654 estimated NOI at 5% vacancy and 8% management. Walkable to Washington St and English Ave shops and restaurants, about two miles from downtown. Taxes and insurance are estimates; buyer to verify. This property is broker owned.

Additional Information

Expenses
9992
New Construction
Yes
Construction Stage
Permit on File, See Remarks
Est. Completion Date
12/26
Acres
0.12
Region
Center

Listing courtesy of Alec Neu. Neu Real Estate Group

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of 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. Some listings have been excluded from this website.