7020 Twin Oaks Drive

Indianapolis, IN 46226

$350,000
Price
Beds
6,794 Sq. Ft.
$52 / Sq. Ft.
6,794
Sq. Ft.
$52
per Sq. Ft.

Description

This solidly built Brick apartment building is a cash cow waiting for revitalization. A once 12 unit building last remodeled to a 7 unit apartment building. The units are currently framed out as 4 units with 2 beds plus a small bonus room and 1.5 baths - & -3 units with one bedroom and 1 bath. One of the 1 bedrooms has a bonus room and covered patio. 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...This solidly built Brick apartment building is a cash cow waiting for revitalization. A once 12 unit building last remodeled to a 7 unit apartment building. The units are currently framed out as 4 units with 2 beds plus a small bonus room and 1.5 baths - & -3 units with one bedroom and 1 bath. One of the 1 bedrooms has a bonus room and covered patio. 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 $9,000mo. Frame it back out to 12 units and the gross rents would be minimum $12,000mo.
  1. Listed by Cathy O'Banion • United Real Estate Indpls • obanion.cathy@gmail.com

Property Details for 7020 Twin Oaks Drive

Architectural Style
Contemporary
Township
Warren
Waterfront
No
Zoning
commercial

Location

Listing Courtesy of United Real Estate Indpls
Add your commute
LISTING UPDATED: 05/30/2024 08:42 AM

Property Details for 7020 Twin Oaks Drive

StatusPending
MLS #21980000
Days on Market14
Taxes$1,837 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1968
Lot Size0.60 AC / 26,136 SF
CountyMarion County

Location

Listing Courtesy of United Real Estate Indpls
Add your commute

Building Information for 7020 Twin Oaks Drive

Stories2Residences7Year Built1968Building Size-Lot Size0.60 AC / 26,136 SF

Payment Calculator

$2,216 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,910

Property Taxes

$306

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7020 Twin Oaks Drive

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46226
  • Postal Code Plus4: 5718
  • Road Access: Not Applic
  • Road Frontage Type: City Street
  • State Or Province: IN
  • View: Neighborhood
  • View: Yes
Taxes and HOA Information
  • Parcel Number: 490724123004000701
  • Semi Annual Property Tax Amt: 1837
  • Tax Exemption: None
  • Tax Year: 2023
  • TaxLot: 701
School Information
  • Elementary School: Arlington Woods School 99
  • High School: Arsenal Technical High School
  • Middle Or Junior School: Arlington Community Middle School
  • School District: Indianapolis Public Schools
Parking
  • Carport Spaces: 0.0
Property
Lot Information
  • Acreage: 1/2-1 Acre
  • Current Use: Apt<20
  • Lot Description: Access, Sidewalks, Street Lights, Mature Trees
  • Lot Size Square Feet: 26267.0
  • Lot Size Acres: 0.6
  • New Construction: False
  • Stories: 2
  • Space Available: 6794
  • Structure Type: Apartment Building
  • Sq Ft Total: 6794.0
  • Year Built Numeric: 1968
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Divisible: No
  • Inspection Warranties: General
  • Legal Subdivision: Pt Nw1/4 Nw1/4 S24 T16 R4 Beg 1065.1Ft S & 231.5Fte Of Nw Cor E 210Ft S 110Ft W 210Ft N 110Ft Tobeg. 0.603Ac Kingston Squareapts
  • Photos Count: 30
  • Property Attached: Yes
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
  • Web Link: CathyObanion.com
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: Yes
  • Sprinkler: None
  • Utilities: Electricity Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Roof: Shingle
Interior Features
  • Basement YN: No
  • Ceiling Height: 9
  • Cooling: Wall Unit(s)
  • Heating: Electric
  • Levels: Two
  • Laundry Features: Connections All
Multi Family
Multi-Family Information
  • Total Units: 7
  • Garage Parking: Parking Lot
Unit 1
  • Unit Kitchen: 1
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Wall Unit,Fuel Elec
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 1
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom

Property History for 7020 Twin Oaks Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7020 Twin Oaks Drive

Taxable ValueLand$36,300Additions$152,900Total$189,200
Tax Record2023$4,488 ($374 / month)
Home Facts
Total Finished SqFt6,794 SqFtAbove Grade Finished SqFt6,794 SqFtStories2Lot Size26,267 SqFtStyleMulti-Family Res (5+ Units)Year Built1968ZoningZO01CountyMARIONAPN49-07-24-123-004.000-701

Schools near 7020 Twin Oaks Drive

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
George S. Buck School 94
PublicPK to 6

Arlington Community Middle School
Public7 to 8

Arsenal Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of United Real Estate Indpls

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.