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$695,000
33 Days On Site

116 1/2 E Church Street
Alexandria, IN 46001

For Sale|Multi Family|Active
0
Beds
0
Total Baths
7,310
SqFt
$95
/SqFt
County:
Madison
Listing courtesy of Carpenter, REALTORS® 7656200734

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317-590-4074
116 1/2 E Church Street116 1/2 E Church Street116 1/2 E Church Street116 1/2 E Church Street
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Monthly Payment (Est.)

$3,171
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Looking to expand your rental portfolio? Now offering 2 connected Buildings, a total of 7 Units, 5 currently under lease ready to go. These units have lots of rental potential, could be used as apartments or business offices. ( Has been a hair studio, and book store. ) Great convenient location, this is Downtown Alexandria across from the city park and Library. Parking lot included, and City parking lot next door. 5 GAS Furnaces , 2 Electric Furnaces. 7 individual meters for electric. This property's Gross income is over $5400 a month. Tenants pays electric and gas. The OUTSIDE RECENTLY PAINTED, NEW TPO ROOF in 2022. Most appliances stay except for the large washer in dryer in the unit rented out to a cleaning company. Some of the Furnaces are newer, There is some newer flooring and drywall throughout, City Water , sewage and trash currently paid by owner. 2 Back Balconies for the tenants upstairs, There is a one car storage area, great for supplies and tools. This property has been owned and maintained for over 15 years , it is being sold AS-IS.

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Listing Snapshot
Price 
$695,000
Days On Site 
33 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,310 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.15 Acres
Year Built 
N/A
MLS® Number 
22053157
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a month agoListing first seen on site
a month agoListing updated with changes from the MLS®
General Features
Acres 
0.15
Additional Property Use 
Office
Garage 
Yes
Garage Spaces 
1
Parking 
AttachedAsphaltParking Lot
Property Sub Type 
Multi Family
Sewer 
Septic Tank
SqFt Total 
7310
Stories 
Two
Utilities 
Water Connected
Zoning 
apartments,commericial
Interior Features
Heating 
ElectricNatural Gas
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Exterior Features
Exterior 
Balcony
Lot Features 
City Lot
Road Frontage 
City Street
Community Features
MLS Area 
4805 - Madison - Monroe
Roads 
Asphalt
School District 
Alexandria Community School Corp
Township 
Monroe
Schools
School District
Alexandria Community School Corp
Elementary School
Alexandria Monroe Elementary School
Middle School
Alexandria-Monroe Jr./Sr. High School
High School
Unknown
Listing courtesy of Carpenter, REALTORS® 7656200734



Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.

Based on information submitted to the MLS GRID as of 2025-09-04 02:11 PM UTC. 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.

Copyright © 2025 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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