$350,000

6,794

square ft

7020 Twin Oaks Drive

Indianapolis, Indiana 46226

Closed / MLS #21980000 / Commercial / Mixed Use / Arlington Woods - Indianapolis

Listing information updated 1/31/2025 at 12:06pm

This solidly built Brick apartment building is a cash cow waiting for revitalization. A once 11 unit building last remodeled to a 7 unit apartment building. The units are currently framed out as 4 units with 3 beds plus 2 baths - & -2 units with one bedroom and 1 bath. One unit has 2 bedrooms and 2 bathrooms with a private covered Lanai. There is ample parking for up to 12 units. Both ends of the building are/could be ADA compliant. The apartment complex adjacent to to the East - Kingston Square advertises 1/1's at $979+ per month. 2/1.5's at $1499 per month. With the current 7 units finished out the gross rents could be north of $10,000mo. Frame it back out to 11 units and the gross rents would be minimum $13,500mo.

Full Features

Lot Size:

0.6 Acres

Acreage:

0.6

Built:

1968

Cooling System:

Wall Unit(s)

Roof:

Shingle

Current Use:

Apt<20

Zoning:

commercial

Additional Information:

obanion.cathy@gmail.com

Building Square Feet:

6,794

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

2023

Location

Zip Code:

46226

City:

Indianapolis

County:

Marion

Lot Size:

0.6 Acres

Acreage:

0.6

Built:

1968

Cooling System:

Wall Unit(s)

Roof:

Shingle

Current Use:

Apt<20

Zoning:

commercial

Additional Information:

obanion.cathy@gmail.com

Building Square Feet:

6,794

Tax Amount:

N/A

Tax Year:

2023

Zip Code:

46226

City:

Indianapolis

County:

Marion

Listing Office: United Real Estate Indpls

Agent Contact Information: obanion.cathy@gmail.com

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 1/31/2025 at 12:06pm. All data is obtained from various sources and may not have been verified by broker or 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.