4841 Terrace Avenue
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4841 Terrace AvenueIndianapolis, IN 46203


Active
$250,000
Asking Price
2
Bd
1
Ba
780
Sqft
0.34
Ac Lot

4841 Terrace Avenue Indianapolis, IN 46203


Single Family Property Type
96 daysTime on Dwellane
$321Price per sqft
1 carGarage
1947Year Built

Unique opportunity to own 3 contiguous lots for either an owner occupant or investor for income production. The 3 lots have a storage building, 2 bedroom/1 bath residential unit/Apartment and a large 2 bay mechanics garage. The mechanics garage is heated and cooled. There is a bathroom, office and large entry area. Both garage bays have oversized garage doors for servicing larger vehicles. While zoned residentially, the owner successfully worked out of this space for nearly 50 years servicing vehicles. The residential unit has a working kitchen and laundry, large bedroom with door to outside courtyard. There is a large patio connecting the residential unit to the storage building. Storage building currently being leased. Own and occupy all 3 buildings or own and lease all three. The potential for this unique property is vast.

Approximate location on a geospatial gridSoutheast Indy
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Year Built

1947

City

Indianapolis

Type

Single Family Residence

Neighborhood

Near Southeast

County

Marion

Levels

One

Full Bathrooms

1

Half Bathrooms

0

Garage Capacity

1

Living Area

780

Price per sqft

$320.51

Lot Size

0.34 ac / 14,976 sqft

Dwellane agents

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Listing Agent

Sherry Minkis
317-388-1118

Co-Listing Agent

Sherry Minkis
317-388-1118

Listing Provider

Sherry Minkis

MLS #

MBR21958088

Source

MIBOR as distributed by MLS GRID

Last Modified

Sat Jan 06 2024

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Near Southeast

Approximate location on a geospatial gridSoutheast Indy
Near Southeast media

Near Southeast Indianapolis offers a blend of urban living with access to city amenities, diverse neighborhoods, community engagement, and a range of housing options.

Neighborhood Features

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Historic
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Family Fun
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Parks & Trails
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Easy on the Commute