The Noble Flats | 505 N College Ave
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The Noble Flats 505 N College Ave
6 Unit Apartment Building For Sale Indianapolis, IN 46202
Executive Summary
• 6 unit multi-family building for sale
• 2BR/2BA units with large balconies
• 100% occupied
• 8 surface parking spaces adjacent to building
• Prime location within Bottleworks/Mass Ave node within walking distance to a variety of dining and entertainment venues
• Area of tremendous population growth and ongoing resurgence
• Located between Lockerbie and Chatham-Arch neighborhoods
• Easy intestate access including I-65, I-70, and I-465
• 2BR/2BA units with large balconies
• 100% occupied
• 8 surface parking spaces adjacent to building
• Prime location within Bottleworks/Mass Ave node within walking distance to a variety of dining and entertainment venues
• Area of tremendous population growth and ongoing resurgence
• Located between Lockerbie and Chatham-Arch neighborhoods
• Easy intestate access including I-65, I-70, and I-465
Property Facts
| Sale Type | Investment | Building Size | 7,800 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Low Rise | Parking Ratio | 1.03/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.16 AC |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,800 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.03/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 49-11-01-122-145.000-101 | Improvements Assessment | $180,200 |
| Land Assessment | $115,100 | Total Assessment | $295,300 |
PROPERTY TAXES
Parcel Number
49-11-01-122-145.000-101
Land Assessment
$115,100
Improvements Assessment
$180,200
Total Assessment
$295,300
zoning
| Zoning Code | CBD2 |
| CBD2 |
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The Noble Flats | 505 N College Ave
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