$525,000
For Sale

324 S College Avenue

Indianapolis, IN 46202
Listing OfficeKeller Williams Indpls Metro N
Browse 13 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

WOW! Don't miss this rare chance to craft two modern masterpieces in one of Indianapolis' most sought-after neighborhoods. Nestled in the highly desirable Fletcher Place Historic District in downtown Indy, this large .18ac parcel is surrounded by a vibrant community of new builds and beautifully restored homes, making it a hub of growth and revitalization. The lot is ready to be split into two separate parcels so construction can begin on each build. The sale price includes approved design plans and permits for two stunning two-story luxury residences each featuring 4 bedrooms, 4.5 bathrooms, and a fully finished basement, offering nearly 4,000 sq ft of elegant living space. With both the city and IHPC already granting approvals, the construction process is streamlined, allowing you to separate the parcels, break ground immediately, and bring these designs to life. Whether you're an investor seeking a high-return project or an owner-occupant ready to design your dream home, this turnkey opportunity delivers both convenience and sophistication. The thoughtfully crafted plans set the stage for two luxury residences that blend timeless style with modern functionality, featuring high-end finishes throughout. With the projected home values exceeding $1M each, this is your chance to build equity and live in style in one of the city's most flourishing areas. Located in downtown Indy, these lots provide easy access to jobs, shopping, dining, and entertainment - perfect for those who appreciate a vibrant, active lifestyle. Architectural plans, appraisal reports, and detailed spec sheets for both builds are available for review, offering full transparency for discerning buyers. For those looking to maximize their investment, two additional lots at 828 N Oriental are available as part of a package deal, ready to be combined and built on. Act fast to secure these premier lots and bring your dream project to life in one of Indianapolis' most desirable neighborhoods!

  • Property Details
      • Acres0.18
  • Construction Details
      • Property TypePurchase
  • Utilities / Energy Details
      • Sewer InformationMunicipal Sewer Near
  • Community and Neighborhood Details
      • SubdivisionRays
    • Location
      • School DistrictIndianapolis Public Schools
      • CountyMarion
  • Financial Details
      • Original List Price$525,000
    • HOA
      • Hoa Fees5
  • Other
      • MLS #22009400

Location

Hilary CasstevensReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
$
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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