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323 W 8th ST Lapel, IN 46051
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Key Details
Sold Price $75,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Subdivision C Fishers
MLS Listing ID 21226017
Year Built 1976
Tax Year 2012
Lot Size 7,840 Sqft
Property Description
4,496 SF, 4 unit townhome, multi-family building in the Lapel community. Lapel is a bedroom community for Indianapolis and the rental market is strong with little vacancy online. Currently vacant and in need of some repair (inheritance). $40,000 - $60,000 repairs, depending upon desired finish, would complete this project and yield a 16-20% cap rate range.
Location
State IN
County Madison
Exterior
Utilities Available Cable Connected, Gas, Sewer Connected, Water Connected
Building
Story Two
Structure Type Aluminum Siding, Brick
New Construction false
Others
Acceptable Financing Conventional
Listing Terms Conventional
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