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(SOLD) $330,000

936 N Alabama Street Indianapolis, IN  46202

Property Description for 936 N Alabama Street Indianapolis, IN 46202

Discover a prime investment opportunity in the vibrant St. Joseph neighborhood of downtown. This charming row house, free of HOA restrictions, features three distinct 1-bedroom units, each equipped with its own washer and dryer for added convenience. Located just a short stroll from an array of restaurants and entertainment options, this property is ideally positioned to attract both long-term and potentially short-term tenants. Two of the three units have been recently upgraded. All three units are currently leased, with two occupied by reliable long-term tenants on a month-to-month lease and the third unit also generating steady rental income. This property offers the perfect blend of urban accessibility and investment stability. Don't miss out on this exceptional chance to enhance your real estate portfolio in one of downtown's most sought-after neighborhoods.

Address:936 N Alabama Street Indianapolis IN 46202
Status:Sold
Sold On: 11/4/2024
Price:$325,000
Bathrooms:0
Year Built:1890
Lot Size:0.04
County: Marion
Township: Center
MLS #:22000567
Property Type:Triplex

Lot Dimensions:1742
Road Frontage:City Street
Road Access:Not Applic
Road Surface:Asphalt
Lot Features:City Lot
Building Utilities:Sewer, Water
Directions:GPS Friendly
Basement:Yes

Loan Price
$2,223
Price And Interest $1,721/month
Property Tax $364/month
MTG INS $0/month
HOME INS $138/month
Price
$330,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$364/month
Home Owner Insurance
$1,656 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$2,182
Tax Year:2023
Mandatory HOA Fee:$

Area: 4912 - Marion - Center Ne
City:Indianapolis
Subdivision: Sorins
Zip Code:46202

Exterior Features:Not Applicable
Cool:Central Electric
Heat:Gas
Mike Miller, REALTOR®/Broker, F. C. Tucker Company
Mike Miller
Phone (317) 370-0189
Additional Phone (317) 259-6000
F.C. Tucker Company
VISIT MY PROFILE

Listing provided courtesy of Michael Miller with F.C. Tucker Company from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 09/09/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Indianapolis Market Report

116
Avg. DOM
$187.92
Avg. $ / Sq.Ft.
$ 389,000
Med. List Price

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $20,825.47. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Indianapolis are going Down. The average house price is $269,000.00 and the average price per square feet is $156.25 per square feet. At the moment, the amount of homes listed is exactly 13891 houses, with 2412 with active status, 1216 with pending status and 10263 sold in Indianapolis .

The most popular place to buy a home in Indianapolis is 4903 - Marion - Washington. 4903 - Marion - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Indianapolis .

The average amount of property taxes you would have to pay for a home in Indianapolis is $3,194.02. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Indianapolis are staying listed for an average of 68 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Indianapolis was 173 minutes ago.

At the moment we have 105 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $7,750,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Indianapolis is $45,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Indianapolis in year 1827 and the newest built house is in year 2025.

The average size of properties in Indianapolis is 2112.74 sq.ft. , the biggest one being 13549 sq.ft. and the smaller being 252 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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