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The Noble Flats 505 N College Ave

6 Unit Block of Flats For Sale Indianapolis, IN 46202

Executive Summary

• 6 unit multi-family building for sale
• 2BR/2BA units with large balconies
• 100% occupied
• 8 surface parking spaces adjacent to building
• Prime location within Bottleworks/Mass Ave node within walking distance to a variety of dining and entertainment venues
• Area of tremendous population growth and ongoing resurgence
• Located between Lockerbie and Chatham-Arch neighborhoods
• Easy intestate access including I-65, I-70, and I-465

Attachments

505 N College 05042023

Property Facts

Sale Type Investment Building Size 7,800 SF
No. Units 6 Average Occupancy 100%
Property Type Residential Number of Floors 3
Property Subtype Apartment Year Built 1900
Apartment Style Low Rise Parking Ratio 1.03/1,000 SF
Building Class C Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 0.16 AC
Sale Type Investment
No. Units 6
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 7,800 SF
Average Occupancy 100%
Number of Floors 3
Year Built 1900
Parking Ratio 1.03/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 6 - -
1 of 1
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 49-11-01-122-145.000-101 Improvements Assessment £142,178
Land Assessment £90,814 Total Assessment £232,992

PROPERTY TAXES

Parcel Number
49-11-01-122-145.000-101
Land Assessment
£90,814
Improvements Assessment
£142,178
Total Assessment
£232,992

zoning

Zoning Code CBD2
CBD2
(317) 284-5534

  • Listing ID: 27706015

  • Date on Market: 08/02/2023

  • Last Updated:

  • Address: 505 N College Ave, Indianapolis, IN 46202

The Residential Property at 505 N College Ave, Indianapolis, IN 46202 is currently available For Sale. Contact Tharp Realty for more information.

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© 2024 CoStar Group

The Noble Flats | 505 N College Ave
(317) 284-5534 x

The Noble Flats | 505 N College Ave

Crystal Kennard

(317) 284-5534

(317) 284-5534

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