1354 S Talbott St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1354 S Talbott St
9 Unit Apartment Building $2,100,000 ($233,333/Unit) 5.90% Cap Rate Indianapolis, IN 46225
Investment Highlights
- Townhome Construction
- Off Street Paved Parking
- Community Green Space
- Less Than 1 Mile to Downtown Indianapolis
- 100% Occupancy
Executive Summary
Gardner Property Group exclusively presents Old Southside Townhomes portfolio. The portfolio is comprised of two sites of identical construction with 11 two bed units and 5 three bed units. Current ownership has spent over $400,000 in capital improvements since acquisition including full interior renovations, HVAC replacements, and a new roof on Talbott St. The property’s close proximity to Downtown Indianapolis and easy access to I-70 has helped establish and maintain a low historical vacancy. The newer vintage provides a low operating expense ratio. Few quality multifamily housing is available in this part of Indianapolis making Old Southside Townhomes a coveted living experience! Available for sale as a package with 236 Wisconsin St.
Data Room Click Here to Access
Property Facts Under Contract
| Price | $2,100,000 | Apartment Style | Townhome |
| Price Per Unit | $233,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 5.90% | Building Size | 9,054 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1997/2022 |
| Property Subtype | Apartment |
| Price | $2,100,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| Sale Conditions | 1031 Exchange |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 9,054 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1997/2022 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Tile Floors
- Granite Countertops
- Refrigerator
- Range
- Carpet
- Vinyl Flooring
Site Amenities
- Picnic Area
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | $1,350 | 960 |
| 3+1.5 | 2 | $1,559 | 1,167 |
1 of 1
PROPERTY TAXES
| Parcel Number | 49-11-13-146-102.000-101 | Improvements Assessment | $581,500 |
| Land Assessment | $39,200 | Total Assessment | $620,700 |
PROPERTY TAXES
Parcel Number
49-11-13-146-102.000-101
Land Assessment
$39,200
Improvements Assessment
$581,500
Total Assessment
$620,700
zoning
| Zoning Code | D8 |
| D8 |
-
Cory Gardner - Gardner Property Group
Learn More About Investing in Apartment Buildings
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Gardner Property Group
1354 S Talbott St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.