$1,300,000
$1,399,900
7.1%For more information regarding the value of a property, please contact us for a free consultation.
2142 W US 40 Greenfield, IN 46140
8,504 SqFt
Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 8,504 sqft
Price per Sqft $152
Subdivision Metes & Bounds
MLS Listing ID 21944381
Sold Date 07/31/24
Year Built 1942
Tax Year 2023
Lot Size 4.190 Acres
Acres 4.19
Property Description
Here's an amazing opportunity to invest in a fully leased 19 unit rental portfolio, situated on 4.19-acres! This complex is conveniently located just west of Greenfield, a mere 6 miles from Marion County. You'll find a variety of units including 5 doubles, 1 triple & 6 single-family homes. The current owner is fully involved, managing all maintenance & operations. As a result, the units are consistently occupied, and there's typically a waiting list for any vacancies. This property not only exudes a wonderful sense of nostalgia but also holds incredible potential for growth. With below-market rents, there is room for rental increases, allowing you to maximize your investment. from 2012 to 2017, all units have been remodeled. In Dec of 2023 all buildings also received new dimensional shingled roofs.
Location
State IN
County Hancock
Zoning CN
Interior
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Connected, Septic System, Well
Parking Type Assigned
Building
New Construction false
Schools
School District Southern Hancock Co Com Sch Corp
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