$239,700
For Sale

1218 Union Street

Indianapolis, IN 46225
Listing OfficeFair Market Value Investment Sales
Browse 36 photos
Type:Purchase
Structure:2 Family
Zone:Residential

Description

Seller Financing Available: Proposed Terms: Loan Amount $203,745, Monthly Payment $1,221.55, Interest Rate 6%, 5 year term. EMD $1,500 non refundable submitted first day of acceptance of a purchase sales agreement. Property foundation inspection report on file. Price is reflective to discount original asking price to account for the foundation repairs. Discover Indy Old Southside Location Proposed use for Airbnb less than 1 mile from Lucas Oil Stadium. 1/2 Mile from Eli Lilly Corporate Offices. 2 miles from White River Gardens Concert Venue. 1 mile from Indiana Convention Center. 2.5 miles from IU Health Hospital and Riley Children's Hospital. 3 miles from Eskenazi Hospital. 1/2 mile access to Interstate 70. 10 miles or 15 minutes from Indianapolis International Airport. Airbnb Rental Ranges: from $36 per night to $187 per night in the Winter Season. This 7 bedroom, 4 bathroom, 2 kitchen, 2 Laundry single family home is currently classified under class 419 Other Com Housing in Public Records. There are 3BR, 2 full BA downstairs; 4BR, 2 full BA upstairs. No current leases in place. The property comes equipped with Central Air (new 2020), 2 water heaters (new 2020), heat pump (new 2020), newly insulated exterior walls. Painted with new flooring (2022). All furniture stays with the property. Property being sold as-is, furniture included. HIT Man solution foundation repair work estimate on file. Property currently occupied with a caretaker that cleans and maintains the site (no lease in place).

  • Property Details
      • BasementExterior Entry, Interior Entry, Unfinished
      • School DistrictIndianapolis Public Schools
      • SubdivisionMccartys South Add
      • Property TypePurchase
      • Original List Price$255,319
      • MLS #21985855
      • MLS #21985855
      • CountyMarion
      • Cost239700
      • Property SubtypeDuplex
      • Structure TypeDuplex
      • FoundationBlock
      • Acres0.07
      • Year Built1940

Location

Bernie GoodmanGoodman Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
$
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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