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  • Property Type
  • Multi Family, Commercial Sale
  • 6794 Sqft
  • Area Size
Active
7020 – 7032 Twin Oaks Drive, Indianapolis, IN 46226
  • $350,000

Description

This building is currently set up as 7 units – 2 units are 1bd 1bath = There are 2 units with 3bd 2bath – 2 units with 3 Beds 1 bath – There is one very large 2bd 1 bath that should be divided to 2 units. Based on the rent schedule for the apartment complex immediately to the East of this building & current Section 8 allowable rents you can expect Gross Rents to be at $125,000yr (@100% occupancy). Once the rehab/cash out is complete you’ll have a Building worth approx. 1.2 – 1.4 mil. The Building was stabalized & the roof & decking were torn off & replaced in the summer of 2023. The building is gutted to the studs. All 7 sewer lines are clear to the street (July 2026). The parking lot is large enough to park Food Trucks or add storage or a laundry room. A fresh survey and 8′ privacy fence along the North Side have been completed. The walking traffic is huge in this area – Placing vending machines in the alcoves could generate significant additional income. A recent survey & interior scan is now available. The East side of Indianapolis is considered a good rental area with grocery choices, shopping, mass transit (1 blk away) and entry level and labor jobs available close by. The pictures have been updated and video added.

Address

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  • Address: 7020 - 7032 Twin Oaks Drive
  • City: Indianapolis
  • State/county: IN
  • Zip/Postal Code: 46226

Details

Updated on September 21, 2026 at 10:13 pm
  • Property ID 22127288
  • Price $350,000
  • Property Size 6794 Sqft
  • Land Area 0.6 Acres
  • Garage Size x x
  • Property Type Multi Family, Commercial Sale
  • Property Status Active

Additional details

  • Utilities See Remarks
  • Cooling None
  • Heating None
  • County Marion
  • Property Type Commercial Sale
  • High School Arsenal Technical High School

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Contact Information

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Preeti Chaggar

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Based on information submitted to the MLS GRID as of [date and time MLS GRID Data was obtained]. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal noncommercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Source: MIBOR as distributed by MLS GRID

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