10th St Multi Tenant Investment
$850,000
8012 East 10th Street, Indianapolis, IN 46219
8.03
Cap Rate
10,960 sqft
Building Size
Details:
Description:
Multi-Tenant Investment Building on 1.32 Acres Property Overview: Welcome to a prime investment opportunity in the heart of Indianapolis. This impressive 10,960 square foot multi-tenant investment building complex is situated on a spacious 1.32-acre parcel of land, offering an ideal blend of commercial and investment potential. Strategically located in a vibrant and growing area, this property is perfect for investors seeking steady rental income and long-term value appreciation. Building Features: • Multi-Tenant Configuration: The 10,960 square foot building is designed to accommodate multiple tenants, making it a versatile asset for generating rental income. This configuration allows for diversification and risk mitigation, making it an attractive choice for investors. • Spacious Lot: The property boasts 1.32 acres of land, providing ample space for parking, landscaping, and potential future expansion or development. • High Visibility: The building offers high visibility, situated on a well-trafficked road with excellent exposure to both vehicle and pedestrian traffic, which is advantageous for attracting and retaining tenants. • Well-Maintained: This investment property has been meticulously maintained, with recent updates and improvements, ensuring that it remains an attractive and comfortable place for tenants to conduct their businesses. Investment Highlights: • Steady Rental Income: With multiple rental units, this investment building offers the potential for a consistent stream of rental income, providing a reliable return on investment. • Diversified Tenant Base: The multi-tenant setup minimizes the impact of vacancies, creating a diversified tenant base that reduces income volatility. • Long-Term Appreciation: Investors could benefit from the long-term appreciation of both the building and the land, making this an excellent addition to your investment portfolio. • Strategic Location: The property is strategically located in an area of rooftops, ensuring strong demand for commercial spaces in the future. • Room for Expansion: With 1.32 acres of land, there's room for potential expansion or additional development to maximize the property's income potential. Don't miss this opportunity to invest in a versatile multi-tenant building on a generous 1.32-acre lot. Contact us today to schedule a viewing and explore the exciting potential this property has to offer for your investment portfolio.
Rumford Eastway Manor is a charming residential neighborhood located in the heart of Indianapolis, offering a unique blend of suburban tranquility and urban convenience. Nestled on the east side of the city, this community exudes a welcoming and family-friendly atmosphere. Here's a detailed area description of Rumford Eastway Manor, Indianapolis: Location: Rumford Eastway Manor is situated in the eastern part of Indianapolis, Indiana, making it a prime location for those seeking a suburban escape while remaining close to the city's amenities and attractions. Housing: The neighborhood is characterized by a mix of housing styles, including single-family homes, townhouses, and apartments. Many residences feature well-maintained lawns and gardens, contributing to the area's overall appeal. Tree-Lined Streets: Lush, tree-lined streets provide shade and an inviting ambiance for residents. The community takes pride in its green spaces and well-kept sidewalks, making it ideal for leisurely strolls and outdoor activities. Community Spirit: Rumford Eastway Manor boasts a strong sense of community. Neighbors often come together for local events, block parties, and support one another, creating a warm and tight-knit atmosphere. Schools: Families with children will appreciate the proximity to quality educational institutions. Local schools offer a range of academic programs and extracurricular activities, making it an excellent place for raising a family. Amenities: The neighborhood is well-served by various amenities, including grocery stores, restaurants, and parks. Residents have easy access to shopping centers, making daily errands a breeze. Transportation: The neighborhood's location offers convenient access to major transportation arteries, making commuting to downtown Indianapolis or other parts of the city relatively straightforward. Public transportation options are also available for those who prefer not to drive. Parks and Recreation: Rumford Eastway Manor features several parks and recreational areas, providing opportunities for outdoor activities. Whether it's picnicking, jogging, or enjoying a leisurely afternoon in the park, residents have a variety of options to choose from. Cultural Diversity: The community is known for its cultural diversity, with a mix of backgrounds and traditions coming together to create a rich tapestry of experiences. This diversity is reflected in the local cuisine and cultural events. Safety: Residents often commend the neighborhood's safety and a strong sense of security. It's a place where families and individuals can feel at ease and enjoy peace of mind. Rumford Eastway Manor, Indianapolis, offers the best of both worlds - a suburban sanctuary with urban conveniences just a short drive away. Its picturesque streets, sense of community, and access to amenities make it a desirable place to call home, whether you're starting a family or looking for a welcoming community to live in.
Prime Investment Opportunity: 100% Leased Property Welcome to a remarkable investment opportunity featuring a 100% leased property located in the heart of Indianapolis. This immaculate property, currently occupied by four thriving tenants: Woda Cooper Management, P & P Counseling, Schroeder Dentistry, and Orphey Accountants, is the perfect addition to any savvy investor's portfolio. Key Investment Highlights: 1. Steady Rental Income: With all units fully leased, this property offers a reliable and steady stream of rental income. It's an excellent choice for investors seeking a stable return on their investment. 2. Diverse Tenant Base: The property's diverse tenant mix mitigates risk and ensures that various industries contribute to your investment success. 3. Prime Location: Situated in a highly sought-after location, the property enjoys high visibility and accessibility, making it attractive to potential tenants and clients. 4. Modern and Well-Maintained: The buildings' modern design and well-maintained condition reduce the need for immediate capital expenditures, enhancing the property's overall appeal. 5. Parking Facilities: Ample parking space is available, which not only serves tenant and visitor needs but also adds to the property's overall value. 6. Proven Success: The presence of established tenants, such as Woda Cooper Management, P & P Counseling, Schroeder Dentistry, and Orphey Accountants, is a testament to the property's attractiveness and success as an investment. 7. Local Amenities: The surrounding area offers a range of amenities, further enhancing the property's appeal and convenience for tenants and their clients. This 100% leased property represents a compelling investment opportunity, offering a steady income stream with established, successful tenants and the potential for growth. If you're seeking a secure and profitable addition to your investment portfolio, this property deserves your attention. For more information or to schedule a viewing, please contact Andrew Gutwein at andrew@agcre.com or call 317-344-9393
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