$149,900
$159,900
6.3%For more information regarding the value of a property, please contact us for a free consultation.
3460 W 16th ST Indianapolis, IN 46222
5,741 Sqft Lot
Key Details
Sold Price $149,900
Property Type Commercial
Sub Type Commercial Units - 5+
Listing Status Sold
Purchase Type For Sale
Subdivision Rainbow Ridge
MLS Listing ID 21829390
Sold Date 01/19/22
Year Built 1924
Tax Year 2020
Lot Size 5,741 Sqft
Acres 0.1318
Property Description
Walk to the Racetrack or catch the bus from this conveniently located Speedway property. Rainbow Apartments is a 5 unit property managed by the same owner for over 35 years. There are currently 5 studio units with kitchenettes and bathrooms. There is gravel parking lot in back. Total of 2100 sf. Storage space in the downstairs bombshell shelter. 2019 furnace, 2016 AC and 2009 roof. Security system inside and outside is negotiable. Has 4 current tenants. Great potential for apartments or airbnb. Zoned C-4. Looking for a quick as is sale. Could close by the end of the year for a great offer!
Location
State IN
County Marion
Zoning C-4
Interior
Fireplace N
Laundry NoLaundry
Exterior
Exterior Feature Fence Partial
Building
Lot Description Access Street, Busline, Sidewalks, Storm Sewer, Street Lights
Story One
Foundation Concrete Perimeter, Partial
Architectural Style Other
Structure Type Aluminum Siding
New Construction false
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