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1301 Averitt Road, Greenwood, IN 46143

$899,000
: 5
BD
: 3
BA
: 4,112
SqFt

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List Price: $899,000
MLS#: 22122443
Property Type: Residential
Bedrooms: 5
Bathrooms: 3
Sqft. of Residence: 4,112
Year Built: 1930
Days on Market: 31
Status: ACTIVE

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Property Description

Rare opportunity to own one of the last large residential investment properties in Greenwood! This approximately 5-acre, flat and usable property offers tremendous potential for builders, developers, and investors. Conveniently located approximately 20 minutes south of Downtown Indianapolis and just minutes from I-65, major shopping, parks, and highly rated Greenwood schools. The property is directly across from Greenwood Middle School and approximately half a mile from Greenwood High School and Freedom Park. Major utilities, including gas, electric, water, and sewer, are located along Averitt Road. Previous development plans outlined 13-20 duplexes, offering the potential for 26-40 total units subject to zoning and governmental approvals. The property also offers flexibility for custom home development, with potential lot sizes ranging from approximately 1/4-acre lots to larger estate-sized parcels. Currently on the property is an approximately 4,300-square-foot, 11/2-story home featuring 5 bedrooms, 3 bathrooms, 2 fireplaces, gas forced air, and central A/C. Additional improvements include an approximately 2,500-square-foot pole building, a 900-square-foot red barn, and a pool in need of improvements.

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Additional Information

Foundation: Crawl Space
Number of Fireplaces: 2
Fireplace Description: Other
Stories: One and One Half
Architecture: Traditional
Acres: 5
Heat: Natural Gas
Cooling: Central Air
Financing: Conventional, FHA, VA
Appliances: Dishwasher
Semi-Annual Taxes: $3,150
Garage: Yes
Region: Pleasant
Eating Areas: Dining Combo/Family Room