122 North Washington Street
$375,000
—
4,855
4,855
$77
Description
A unique opportunity awaits in this newly renovated mixed-use property, a turn key money-maker! The commercial space spans 2,404 sq ft on the main level, and the apartments on the 2nd level are nearly 2,500 sq ft total. The entire building has new HVAC, electrical, plumbing, windows, and roof! The 3 apartments upstairs all have 2 bedrooms and 1 bathroom, and have all new everything. They are all currently leased for another year, each bringing in $1,000 per month. Each unit has its own gas and electric...A unique opportunity awaits in this newly renovated mixed-use property, a turn key money-maker! The commercial space spans 2,404 sq ft on the main level, and the apartments on the 2nd level are nearly 2,500 sq ft total. The entire building has new HVAC, electrical, plumbing, windows, and roof! The 3 apartments upstairs all have 2 bedrooms and 1 bathroom, and have all new everything. They are all currently leased for another year, each bringing in $1,000 per month. Each unit has its own gas and electric meter, meaning tenants have full control over their climate and usage needs. The main level space provides a versatile blank canvas ready to be tailored for your business vision. With a solid foundation and recent construction, this space offers flexibility for a wide range of commercial uses, from retail to office space, or even a specialized venue, such as a vet clinic, restaurant, or fitness studio/gym. The bottom level as a commercial space could bring in up to $2,000 per month in rental income. Though currently zoned commercial, the space can be switched to residential, which allows further flexibility in how the space could be used, potentially creating a 4-plex. The building is on a full basement as well, which provides ample space for storage of supplies, inventory, and equipment you may have for your business. Whether you're a business owner looking for a fresh start or an investor seeking a flexible property, this is a rare find with endless potential!
- Listed by Patrick Keller • CrestPoint Real Estate • patrick@CrestPointIndy.com
Property Details for 122 North Washington Street
Township
Pipe Creek
WaterfrontNo
ZoningCommercial/ Mixed Use
LISTING UPDATED: 11/15/2024 05:50 PM
Property Details for 122 North Washington Street
Status | Active |
---|---|
MLS # | 22010081 |
Days on Market | 5 |
Taxes | $702 semi-annually |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale / Mixed Use |
Year Built | 1900 |
Lot Size | 0.11 AC / 4,791 SF |
County | Madison County |
Building Information for 122 North Washington Street
Stories2Residences2Year Built1900Lot Size0.11 AC / 4,791 SF
Property Information for 122 North Washington Street
Property History for 122 North Washington Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 122 North Washington Street
Taxable ValueLand$3,300Additions$43,500Total$46,800
Tax Record2023$1,404 ($117 / month)
Home Facts
Total Finished SqFt4,855 SqFtAbove Grade Finished SqFt4,855 SqFtStories2Lot Size4,792 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyMADISONAPN48-05-31-301-018.000-028
Schools near 122 North Washington Street
This home is within Frankton-Lapel Community Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 6 | |||
Public - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Frankton Elementary School PublicPK to 6 | ||
Frankton Jr-Sr High School Public7 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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