INVESTMENT PROPERTY IN INDIANAPOLIS, INDIANA

4 DUPLEXES = 8 UNITS - 2BR ∙ 1BA ∙ 650SF ∙ Private Driveway

324 Cossell Drive Indianapolis , IN 46224

Tuesday, April 16th, 2024 @ 6:00 pm

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INVESTOR SPECIAL!! (4) Duplexes included in this sale, 8 total units. Each duplex has 2 units. Each unit has 2 bedrooms, 650 SF, 1 bath, W/D hook up, dining area, large living room, long driveway, and big back yards that back up to a wood line for privacy!!!! Storage space in the back of each unit. All units except for 1 are rented. Tenant is responsible for electric and water bill. Trash is provided by the city. Each unit comes with a stove and refrigerator. Rent is currently bringing approximately $6,000 +/-  per month profit.

Newer roofs. Approx. 5 years old.

Property Features

  • Living Room

    ∙ 11x16
    ∙ Carpet
    ∙ Windows
    ∙ Front door
    ∙ Wall air conditioning unit

  • Kitchen w/Eat-in Area

    ∙ 8x15
    ∙ Carpet/vinyl flooring (both)
    ∙ Dual stainless-steel sink
    ∙ Ceiling lighting fixtures
    ∙ Electric stove hookup
    ∙ Each unit comes w/ a stove and refrigerator
    ∙ Side door egress (from driveway)

  • Bedroom One

    ∙ 10x12
    ∙ Carpet
    ∙ Window
    ∙ Wall air
    ∙ Large closet w/sliding doors, shelving

  • Bedroom Two

    ∙ 8x10
    ∙ Carpet
    ∙ Window
    ∙ Large closet w/sliding doors, shelving

  • Full Bathroom (located in the hallway)

    ∙ 6x8
    ∙ Vinyl flooring
    ∙ Bathtub w/shower accessory, tiled backsplash
    ∙ Single sink vanity w/storage
    ∙ Ceiling exhaust fan
    ∙ Ceiling lighting fixtures

  • Hallway Utility Closet

    ∙ Washer and Dryer hookup (electric dryer hook up)
    ∙ One unit will come w/ a washer and dryer set

  • Misc

    ∙ Electric water heater
    ∙ Electric baseboard heat
    ∙ Two wall unit air conditioners
    ∙ Second large closet in the hallway w/shelving and sliding doors

Real Estate Terms

Buyer Brokers welcome (contact auctioneer for details).  $60,000 down day of the auction, balance on closing.  Buyer(s) to pay winning accepted bid price plus a 2.5% buyers premium (2.5% of winning bid) due at closing.  Property sold subject to confirmation Owner.  Property sold for cash. (The sale of this property may be financed; however, the sale of this property IS NOT CONTINGENT to financing approval).  Property sold as-is, where-is.  The information stated in this brochure are the opinions of the sellers, Scheerer McCulloch Auctioneers, Inc. and its agents, however, the decision to bid on the real estate property is entirely up to the individual bidders based on their own individual inspections, research and opinions. All statements, measurements, zoning and tax information are from reliable sources, however, are not guaranteed to be accurate. Statements made day of auction takes precedence over any and all previous oral or written matter.  Real estate closing within 40 days of the auction.