PLEASE READ ENTIRE DESCRIPTION & PLEASE DO NOT DISTURB TENANTS. Included in sale are 3 homes and a very large garage spanning 4 parcels 1132,1134, 1140, and 1142 N Tibbs Ave., Indianapolis, IN 46222. 1132 is the largest home at around 1600+ SF. It has three good sized bedrooms, a large kitchen, large dining and family room and large mud room. Home also sits on full basement and has large an upstairs dormer. Google maps image is from June 2014 and is how the properties look today. From Google maps aerial views you can see that there is a very large garage that spans all four parcels. Garage has four bays with 5 doors including one that’s big enough for a RV or boat. Garages are in poor to fair condition but have HUGE potential. 1134 is a vacant lot that the garage is currently tied to from a taxation standpoint. 1140 is a 2 bedroom home with a decent sized kitchen and dining area and two separate living spaces. Home has a basement. 1142 is a 2-3 bedroom home with a decent living space and kitchen. One bedroom is on the first floor with a second and potentially a third on the second floor. Home has a basement and single car garage/car port. 1132 and 1140 had 30 year dimensional roofs and 1142 had a 40 year dimensional roof in 2009. 1132’s furnace was replaced in 2009 and has central AC. 1140 has central AC, but 1142 does not. Total monthly rent roll has been around $1,800 per month since homes were purchased in 2009, but has potential for at least $2,000 . Once again PLEASE do not disturb tenants. Please contact me with any questions at 317-260-1141.
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