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Listed by Reanna Southard • Carpenter, REALTORS®
$695,000
Est. payment /mo
7,310 SqFt
New
116 1/2 E Church ST Alexandria, IN 46001
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Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,310 sqft
Price per Sqft $95
MLS Listing ID 22053157
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Multi-Family 5+
Property Description
Looking to expand your rental portfolio? Now offering 2 connected Buildings, a total of 7 Units, 5 currently under lease ready to go. These units have lots of rental potential, could be used as apartments or business offices. ( Has been a hair studio, and book store. ) Great convenient location, this is Downtown Alexandria across from the city park and Library. Parking lot included, and City parking lot next door. 5 GAS Furnaces , 2 Electric Furnaces. 7 individual meters for electric. This property's Gross income is over $5400 a month. Tenants pays electric and gas. The OUTSIDE RECENTLY PAINTED, NEW TPO ROOF in 2022. Most appliances stay except for the large washer in dryer in the unit rented out to a cleaning company. Some of the Furnaces are newer, There is some newer flooring and drywall throughout, City Water , sewage and trash currently paid by owner. 2 Back Balconies for the tenants upstairs, There is a one car storage area, great for supplies and tools. This property has been owned and maintained for over 15 years , it is being sold AS-IS.
Location
State IN
County Madison
Zoning apartments,commericial
Interior
Heating Electric, Natural Gas
Fireplace N
Exterior
Exterior Feature Balcony
Garage Spaces 1.0
Utilities Available Septic System, Water Connected
Building
Story Two
New Construction false
Schools
Elementary Schools Alexandria Monroe Elementary School
Middle Schools Alexandria-Monroe Jr./Sr. High School
School District Alexandria Community School Corp
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