610 W Poplar Street
Zionsville, IN 46077
10932 sqft | 0.93 acres | #22065458

Description
Incredible value-add apartment building in the heart of Zionsville - a community known for its charm, top-ranked schools, and strong job and population growth. This well-located property features 16 one-bedroom and 4 two-bedroom units with 40% already renovated, leaving plenty of upside for the next owner.Current rents average just $800, with market potential of $1,250-$1,375 . Tenants pay their own electric and heat, making for low owner expenses. The property sits on a large lot with ample parking, and the building itself is low-maintenance and easy to manage.At just over $100k per door, this is an exceptional chance to acquire a rare downtown Zionsville multifamily property with strong fundamentals and even stronger future upside..
Property Details
- High SchoolZionsville Community High School
- School DistrictZionsville Community Schools
- Utility FeaturesSee Remarks
- Original List Price$2,100,000
- Property SubtypeMixed Use
- Property TypePurchase
- MLS #22065458
- MLS #22065458
- Cost2100000
- Square Feet10932
- CountyBoone
- Acres0.93
Location
Legal
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Last Updated:Â . Source: MIBOR
Provided By
Listing Agent: Steven Koleno (#MBR49193)
Listing Office: Beycome Brokerage Realty LLC (#MBRBBLL01)

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