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$615,000   Price Analysis
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324 Cossell Dr Unit 324
Indianapolis, IN 46224
2 bed 1 bath 650 SqFt ($946/SqFt)
1.65 acre lot. Built 1972
Listed 2024-03-07		Ⓧ USDA Ineligible
due to location
near Indianapolis

Public Real Estate Auction: Tuesday

* No Longer For Sale *
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April 16th at 6:00 PM | INVESTOR SPECIAL! (4) Duplexes included in this sale, 8 total units. Each duplex has 2 units. Each unit has 2 bedrooms, 650 SF, 1 bath, W/D hook up, dining area, large living room, long driveway and b ig back yards that back up to a wood lne for privacy. Storage space in the back of each unit. All units except for 1 are rented.

Tenant is responsible for electric and water bill. Trash is provided by the city. Each unit comes with a stove and refrigerator. Rent is currently bringing approximately $6, 000 +/- per month gross. | The price stated on this property is the assessed value. This property may sell for more or less than the assessed value, depending on the outcome of the auction bidding. All measurements and financial information are not guaranteed accurate. | $20, 000 down day of the auction. | To see all terms, please visit our website.


Presented by Timothy McCulloch at
Scheerer Mcculloch Real Estate.


Property MLS #202407415 from IRMLS

Bedrooms: 2

Total Bathrooms: 1 / 0
Full Bathrooms: 1

Cooling Features: Wall AC
Heating Features: Baseboard

Furnished Description: Building, Land
Flooring: Carpet, Vinyl

Basement Description: Crawl

Lot Description: Level, Partially Wooded
Lot Size Acres: 1.65
Lot Size Dimensions: 238' x 234'
Lot Size Square Feet: 71874

Number of Buildings: 4
Number of Units: 8
Number of 2 Bedroom Units: 8

Elementary School: Ernie Pyle #90
High School: Arlington Community Schools
Middle School: Arlington Community Schools
School District: Indianapolis Public Schools

Garden City Elementary School is a public elementary school located approximately 0.6 miles away.
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Ben Davis Ninth Grade Center is a public middle and high school located approximately 2.5 miles away.
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St. Christopher School is a private elementary school located approximately 1.1 miles away.
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Income Includes: 72000

Maintenance Expense: 5677.89

Community Features: Off Street Parking, Water Heater Electric

Annual Tax Amount: 13010.1
Source Listing Status: Sold
County: Marion County
Directions: Head east on Rockville Rd toward S Mickley Ave. Turn left onto Cossell Dr. Arrive at 318 Cossell Dr.
Tax Year: 2023
Source Property Type: INVESTMENT
Insurance Expense: 7448
Parcel Number: 49-11-06-105-069.000-900
Township: Wayne
Lot Number: 900
Source System Name: C2C

Sold 2024-06-03
$615,000
IRMLS
Listed 2024-03-07
$530,600
IRMLS

Net Operating Income: 45135.28

Total Square Feet Living: 650
Year Built: 1972
Above Grade Finished Area: 650
Property Age: 52
Levels or Stories: 1
Structure Type: Duplex
House Style: One Story
Total Area Sqft: 650

Electric Expense: 224.31
Sewer: City
City
Water Sewer Expense: 504.42

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.