National Commercial Auctioneers to Auction 190-Unit Apartment Building in Indianapolis

INDIANAPOLIS, Sept. 29 /PRNewswire/ -- National Commercial Auctioneers (www.natcomauctions.com) announces the auction of a 190-unit apartment building in Indianapolis, on Thursday, October 14, according to Fernando Palacios, Regional Vice President - Broker.

"This is an excellent opportunity to purchase a 190-unit multi-family building at sheriff's sale," said Palacios. "This is a nine-story all-brick building located on Meridian Street, a main artery in downtown Indianapolis, only four miles from the Capitol building."

The 125,501 square-foot building sits on 2.02 acres and consists of studio, one-bedroom and two-bedroom units ranging in size from 352 to 1,325 square feet. The property currently has 60 percent occupancy. Amenities include: on-site laundry, access card entry, free parking, four elevators, and security cameras.

There is an additional parcel currently being used as an extra parking lot. Both parcels will be offered together as one bid.

Fernando noted, "The auction was originally scheduled to be held at the County Court House but the location has been changed and will take place on-site at 1pm."

"This property is close to dining, shopping and Ivy Tech Community College," noted Palacios. "It's on a main bus line for easy access anywhere in the city."

Inspections are scheduled for September 30 at 1pm and 3pm as well as October 13 at 1pm and 3pm. For more details on how to receive a property information package, visit www.natcomauctions.com or call toll free (877) 895-7077.  

National Commercial Auctioneers is a nationwide auction company that specializes in commercial sales for banks, special servicers, receivers, Trustee's and bankruptcy courts.

SOURCE National Commercial Auctioneers