221 E. Main Street, Carmel, IN 46032 - multi-family property

Detailed information about multi-family property which situated in Carmel (46032) city, Indiana state on 221 E. Main Street.

Additional Information: Summit Realty Group has been retained as the exclusive investment advisor in the sale of Park Lane Apartments and Townhomes, a 48-unit property exceptionally located in Carmel, Indiana. The acquisition of Park Lane provides the exclusive opportunity to invest in the most prestigious submarket within the Indianapolis MSA. Rents at Park Lane are lower than several competing properties’ and the current occupancy is 100%, quantifying immediate value creation through rental increases. Current ownership has invested more than $500,000 in capital expenditures since 2006. These improvements include the following: New roofs & gutters New fencing New sign Interior & exterior lights* Asphalt seal & stripe 6-panel doors New Windows* HVAC* Addition of 1/2 bath* *some units

221 E. Main Street  ←  CARMEL  ←  HAMILTON  ←  Indiana  ←  Home

Property Address: 221 E. Main Street, Carmel IN 46032

Cost: $3,800,000
  • Building Info
  • Building Name: Park Lane Apartments
  • Details
  • Zoning: R4
  • Rental Info
  • Ideal Use: Low-Rise/Garden
  • Status: For sale
  • Sales Term: Cash to Seller
  • Price: $3,800,000
  • Unit Price: $79,166.67 Per Unit
  • Renters Information

NOTE: Please contact with Amy Burmeister if you want to get more accurate details about pricing and availability of multi-family property For sale.

221 E. Main Street, Carmel, IN 46032 multi-family For sale on GoogleMaps

multi-family property details

  • Type: multi-family
  • Address: 221 E. Main Street
  • City: Carmel
  • State: IN
  • County: Hamilton
  • Zip-Code: 46032
  • Updated: 12/29/12

All information about multi-family property For sale that located on 221 E. Main Street, Carmel, IN 46032 was obtained from reliable sources, but we cannot guarantee that all data about pricing, details of the building and property was completed without error or has not been changed without notice or withdrawal without notice. If you want to get complete and actual information, please contact with agents.

You can register in member aria, and add your home in our FREE rentals search database.