Veterans United Realty
25 Photos

4841 E Terrace Avenue, Indianapolis, IN 46203

$240,000 Asking Price

2 beds
1 bath
780  sqft
Built in 1947

Unique opportunity to own 3 contiguous lots for either an owner occupant or investor for income production. The 3 lots have a storage building, 2 bedroom/1 bath residential unit/Apartment and a large 2 bay mechanics garage. The mechanics garage is heated and cooled. There is a bathroom, office and large entry area. Both garage bays have oversized garage doors for servicing larger vehicles. While zoned residentially, the owner successfully worked out of this space for nearly 50 years servicing vehicles. The residential unit has a working kitchen and laundry, large bedroom with door to outside courtyard. There is a large patio connecting the residential unit to the storage building. Storage building currently being leased. Own and occupy all 3 buildings or own and lease all three. The potential for this unique property is vast.


Listing Status:
Active
Date Added:
December 30, 2023 — 184 days ago
Listing Office:
Sherry Minkis, Sherry Minkis (317-388-1118)
Office Phone:
sherryminkis@gmail.com
MLS ID:
21958088

Features & Amenities

Interior

General:
Eat-in Kitchen
Appliances:
Electric Cooktop, Refrigerator
Laundry:
Connections All
A/C:
Central Electric
Heating:
Forced Air

Exterior

General:
Out Building With Utilities, Storage Shed
Style:
TraditonalAmerican
Other Structures:
Open Patio
Parking:
Detached, Gravel, Garage Door Opener, Storage

Construction

General:
One, Slab

Location

Originating MLS:
mibor
School District:
Indianapolis Public Schools
County:
Marion

Lot

Zoning:
Emerson Terrace L41-L42, 491016124026000101

Utilities

Water:
Municipal/City

Financial

Source:
mibor
Buyers Agent Compensation:
2.9 %

This listing courtesy of:
Sherry Minkis, Sherry Minkis

About Indianapolis, IN

Housing

Number of Units
439,918
Median Home Value
$169,609
Median Rent
$790

47.41% of housing units are renter occupied.

8.91% are vacant.

Commute

Car
76.18%
Public Transportation
1.34%
Walk to Work
1.81%
Work from Home
19.69%
Other
0.60%

The median travel time to work is 21 minutes.

People

Population
976,092
Median Age
35.40
Median Household Size
2.45

Education

High School
27.86%
Associate’s Degree
8.16%
Bachelor’s Degree
21.08%
Graduate Degree
11.46%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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Veterans United Homefront

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