55 W Fall Creek Parkway South Dr, Indianapolis, IN 46208

8 beds4 baths4,920 sqft

Sold: $185,000
Sold on 06/11/14
Zestimate®: $176,664
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My Notes

Edit

This listing is for a fully rented 4plex. See also 59 Fall Creek Parkway S Dr. Located on the near Northside of Indianapolis it is directly across the street from Ivy Tech and Fall Creek! Built in 1910, this all brick 4plex has a gorgeous view of Fall Creek. Property was recently rehabbed including work on the kitchen, rehabbed bathrooms, new paint, new flooring, tuckpointing and some mechanical. Included in sales price is a vacant lot (2449 N Illinois) that is directly behind the units and is zoned multifamily. Lot could be used to build garages or additional units. Units are currently... rented at $575/unit which is under market value. Rents could easily be raised substantially to match what other owners are charging ($730 - $800/month). Each unit is a 2 bedroom, 1 bathroom and has a kitchen, living room with fireplace and a sun room. Each unit is 1091 sq ft. Each building has basement storage. Additional basement units could be designed for extra income.
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Facts

  • Lot: 5,662 sqft
  • Multi Family
  • Built in 1910
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Jun 2014 for $185,000
  • Price/sqft: $38

Features

  • Parking: Off street
  • Unfinished basement
  • View: City

Appliances Included

  • Range / Oven
  • Refrigerator

Room Types

  • Dining room
  • Family room

Construction

  • Exterior material: Brick
  • # Stories: 2.0
  • Unit count: 4

Other

  • Floor size: 4,920 sqft
  • Heating: Gas
  • Last remodel year: 2012
  • Parcel #: 490625134006000101
  • Zillow Home ID: 88921765

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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$176,664
+$5,384 Last 30 days
$134K
$224K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$889/mo
+$13 Last 30 days
$569
$1.1K
Zestimate range

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Zillow predicts Indianapolis Metro home values will increase 3.1% next year.

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