Located in the historic and highly sought-after Woodruff Place, 720 Woodruff Place W Drive presents a rare opportunity to own a character-rich, income-producing property in one of Indianapolis' most iconic neighborhoods. Currently configured as an 8-unit property with a legal nonconforming use, the building includes 4 studio units, 3 one-bedroom… Read More units, and 1 two-bedroom unit, offering strong income potential and flexibility. Distinctive features include a grand upstairs ballroom and a separate carriage house-currently fully vacant-providing immediate value-add potential for additional rental income or creative use, along with a spacious basement offering expansion possibilities (buyer to verify). Zoned for 1-4 single-family use, the property allows for multiple exit strategies, including continued use as an investment or conversion back to a stunning single-family residence, all ideally located near Brookside Park and just minutes from downtown. Read Less
Courtesy of Compass Indiana, LLC.
Listing Snapshot
Days Online
5
Last Updated
Property Type
Quadruplex
Lot Size
0.06 Acres
Year Built
1904
MLS Number
22098151
30 Days Snapshot Of 46201
$211k
+9%
(avg) sold price
43
+10%
homes sold
113
+1%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Description: "Unfinished"
Building
Levels: "Three Or More", Year Built: 1904
Cooling
Details: "None"
Heating
Heating: "Baseboard"
Lot
Acres: 0.06, MLS Acres: <1/4 Acre
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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. 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 be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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