210 N State Avenue
Property Description
Cottage Home District new construction, on Indianapolis's near eastside, just east of downtown and Mass Ave. The Lexington model offers two 3-bed/2-bath units of approximately 1,296 SF each. Projected rent of $1,800 per unit is supported by 3-bedroom comparables within 2 miles. Pro forma: $43,200 gross potential rent, $30,857 estimated NOI at 5% vacancy and 8% management. Tree-lined, walkable streets with a Conservation Plan guiding compatible new construction. Taxes and insurance are estimates; buyer to verify. This property is broker owned.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $475,000 |
| No. of Units: | 2 |
| Year Built: | 2026 |
| Opportunity Zone: | No |
| Price per unit: | $237,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 2 |
ID: 3yd-MIBORIN-22120744
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