722 Fairfield Ave

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722 Fairfield Ave

Indianapolis, IN 46205
Asking Price
$105K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The 0.2-acre land parcel is currently listed for $105,000.
  • This development site is located within the city of Indianapolis.
  • The property allows for the construction of up to 16 units.
  • The location offers direct access to local public bus lines.
  • The site is positioned in close proximity to downtown Indianapolis.

What's Special

Priced at $105,000, this 0.2-acre parcel of land provides a development opportunity within the Indianapolis market. Situated in a location with convenient access to downtown and public bus lines, the site is positioned to benefit from the ongoing urban growth characteristic of the region. The proximity to core metropolitan employment hubs and transit infrastructure makes this an accessible choice for residential development. Zoning and site conditions allow for the construction of up to 16 residential units, catering to the ongoing demand for density in this sector of the city. Developers and investors may find this infill lot suitable for a multi-family project designed to serve the local population. The property is well-placed for those seeking to contribute to the expanding housing stock within Indianapolis.

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NOI
$80,000
Cap Rate
76.19%
DSCR
12.83
Strong
Cash-on-Cash
234.18%
Monthly Payment
$519.483
Annual Cash Flow
$73,766.207

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