17 W Arizona Street, Indianapolis, IN 46225
- $375,000
- List Price
- $375,000
- MLS#
- 22128844
- Days on Market
- 26
- Status
- ACTIVE
Property Description
New-construction duplex opportunity in the historic Concord neighborhood on Indianapolis's Near Southside, about 0.8 miles from Lucas Oil Stadium and the Wholesale District. The Marion model offers two 2-bed/2-bath units of approximately 980 SF each. Projected rent of $1,950 per unit is supported by 25 nearby 2-bedroom comparables with a median rent of $1,950. Pro forma: $46,800 gross potential rent, $35,203 estimated NOI at 5% vacancy and 8% management. Quick access to downtown via the S Meridian corridor, with Fletcher Place, Fountain Square, and Bates-Hendricks close by. Taxes and insurance are estimates; buyer to verify. This property is broker owned.
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Additional Information
- Expenses
- 9257
- New Construction
- Yes
- Construction Stage
- Permit on File
- Est. Completion Date
- 11/26
- Acres
- 0.08
- 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.