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2142 W US 40 Greenfield, IN $ 1,499,900
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$ 1,499,900 Get more info
2142 W US 40
$ 1,499,900
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2142 W US 40

Greenfield, IN, 46140
$ 1,499,900
Baths0.0 Sq 8,504

Monthly Estimate*

$ 10,477

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Studio

Commercial Property for sale in Greenfield, IN

for $1,499,900. This 8,504 square foot building was built in 1942 on a lot size of 4.19.

Here's an amazing opportunity to invest in a fully leased 19 unit rental portfolio, situated on 4.19-acres! This complex is conveniently located just west of Greenfield, a mere 6 miles from Marion County. You'll find a variety of units including 5 doubles, 1 triple & 6 single-family homes. The current owner is fully involved, managing all maintenance & operations. As a result, the units are consistently occupied, and there's typically a waiting list for any vacancies. This property not only exudes a wonderful sense of nostalgia but also holds incredible potential for further improvement. With below-market rents, there is room for rental increases, allowing you to maximize your investment. from 2012 to 2017, all units have been remodeled.

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Commercial Active

Price

$ 1,499,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,472

Style

Multi-Family 5+

Lot Size

4.19

Year Built

1942

Town/City

Greenfield

County/Region

Hancock

MLS | Web ID

21944381
Features
General
Utilities Cable Available Electricity Connected Septic System Well
Possession Subject To Tenants Rights
Zoning CN
Year Built 1942
Tenant Pays Electricity
Township Sugar Creek
Property SubType Multi-Family 5+
Tax Year 2023
Current Use Apt<20
County Hancock
Net Operating Income 97260
Insurance Expense 9468
New Construction N
Property Type Commercial Sale
Subdivision Name Metes & Bounds
Status Active
Directions Located on US 40 just west of County Rd 200 West (or 6 miles east of the Marion County Line).
City Greenfield
High School District Southern Hancock Co Com Sch Corp
Total Units 19
MLS Area 3007 - Hancock - Sugar Creek
Lot Size Square Feet 182516
Street Name US 40
Property Attached Y/N N
Additional Parcels Y/N N
Days on Market 7
Standard Status Active
Tax Lot 299500
Legal Description NMD E NE 3-15-6 4.190
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Exterior
Parking Features Assigned
Building Area Total 8504
Lot Size Acres 4.19
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* Excluded Features
List By
F.C. Tucker Company

Broker

Ben.Crouch@TalkToTucker.com

Email

Affordability Calculator

$11,183
Per Month
94%
6%
0%
Monthly Principal & Interest
$10,477
Monthly Property Taxes
$706
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
4045038 Elementary School
4045037 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
9/21/2023 $1,499,900 Listed Price

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2142 W US 40, Greenfield, IN, 46140 is a Commercial Property for sale at $1,499,900 with 8,504 sqft and a lot size of 4.19. 2142 W US 40 is a studio with 0.0 baths and was built in 1942. The property's zip code is 46140 which is in Greenfield, IN

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