Welcome to Washington Village, a remarkable 20 unit apartment complex Indianapolis bridging downtown and Central State. Accommodating a variety of needs, Washington Village includes 3 of the units are 2-bedroom, the rest are 1-bedroom. Take advantage of the strong current income production from both short-term and long-term tenants. Offering a convenient on-site laundry facility, a cozy clubhouse, and a charming courtyard with grills, residents will have access to outdoor entertainment space. 6 of the units are currently steady producing STR’s, the rest are newly rehabbed for the long term tenants. This property includes the adjacent vacant lot with a wide range of possibilities as well. With Indy’s upcoming development along the White River, the critically acclaimed Indianapolis Zoo, the new Indy 11 soccer stadium that includes residential and retail development, and nearby Central State development, this location is a great opportunity to get in on some big things Indy has in store! Not to mention THIS ALSO INCLUDES THE ADJACENT VACANT LOT that can be used to create more onsite parking or a whole new multi-unit building.

Date Added: 9/28/23 at 5:00 am
Last Update: 11/21/23 at 7:24 pm

Location

  • Road/AccessCity Street, Frontage Rd, Highway
  • Originating MLSmibor
  • School DistrictIndianapolis Public Schools
  • CountyMarion
  • HOA AmenitiesClubhouse, Fitness Center, Gated, Golf Course, Maintenance Grounds, Management, Tennis Court(s), Clubhouse, Entrance Private, Exercise Room, Golf, Maintenance, Management, Tennis Court(s), 1100.0, Annually

Lot

  • TopographyCleared
  • ZoningMF Dwelling, Traubs West Add L1 Thru L3 & 47' E & Adj L1, 491103161001000101
  • Current UseApt>20
  • FencingPerimeter
  • ViewCreek/ Stream, Pasture, Rural
  • LandscapingCleared

Utilities

  • WaterMunicipal/ City
  • SewerNot Applicable
  • UtilitiesElectricity Connected, Gas, Water Connected

Financial

  • Sourcemibor, mibor
  • Buyers Agent Compensation2.75 %

Interior

  • GeneralCenter Island, Hardwood Floors, Walk-in Closet(s), Wet Bar, Wood Work Stain/ Painted
  • AppliancesGas Cooktop, Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Double Oven, Convection Oven, Refrigerator, Ice Maker, Washer, Water Softener Owned
  • LaundryCommon Laundry
  • A/CCentral Electric
  • HeatingForced Air
  • FireplaceGas Starter, Fireplaces: 2
  • BasementCeiling - 9+ feet, Egress Window(s), Finished, Partial, Sump Pump w/ Backup

Exterior

  • Other StructuresCovered Porch, Gazebo, Screened, Open Patio
  • PoolHeated, Below Ground, Pool Cover
  • ParkingCommon
  • GeneralGas Grill, Outdoor Fire Pit, Outdoor Kitchen, Sprinkler System
  • StyleTraditonal American
  • ImprovementsCurbs Guters, Paved Streets

Construction

  • GeneralTwo and a Half
  • RoofingAsphalt

Schools

  • DistrictIndianapolis Public Schools
  • ElementaryWilliam Penn School 49
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