IN > Indianapolis > Franklin Cove
Indianapolis, IN 46259,7338 5 Points RD
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Indianapolis, IN 46259,7338 5 Points RD
Indianapolis, IN 46259,7338 5 Points RD
Indianapolis, IN 46259,7338 5 Points RD
Indianapolis, IN 46259,7338 5 Points RD
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Charles Bell

Charles Bell

+1(765) 532-9814
Listed by Tina Sharma • Midland Realty Group, Inc.
$ 600,000
Est. payment /mo
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7338 5 Points RD Indianapolis, IN 46259

3 Beds

2 Baths

2,542 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,542 sqft

Price per Sqft $236

Subdivision Franklin Cove

MLS Listing ID 22064732

Bedrooms 3

Full Baths 1

Half Baths 1

HOA Y/N No

Year Built 1926

Tax Year 2024

Lot Size 5.800 Acres

Acres 5.8

Property Sub-Type Single Family Residence

Property Description

Commercial Opportunity: This property encompasses 5.8 acres located at the intersection of Shelbyville Road and Five Points Road. It features a recently updated three-bedroom bungalow, complemented by a sizable detached garage measuring 20 by 32 feet and an above-ground swimming pool. This site presents an excellent opportunity for the development of multi-family units, with the potential for subdividing into five parcels of one acre each. Previous plans for a small gated community are available upon request. The property allows for the construction of additional homes. This well-maintained real estate asset includes two parcels situated at the corner of Five Points Road and Shelbyville Road, boasting approximately 800 feet of road frontage.

Location

State IN

County Marion

Rooms

Basement Unfinished

Main Level Bedrooms 3

Interior

Interior Features Built-in Features, Hardwood Floors

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace N

Appliance Range Hood, Electric Cooktop, Exhaust Fan, Refrigerator, Dishwasher

Exterior

Exterior Feature Storage Shed

Garage Spaces 3.0

View Y/N true

View Trees/Woods

Building

Story One

Foundation Concrete Perimeter

Water Private

Architectural Style Ranch

Structure Type Brick,Vinyl Siding

New Construction false

Schools

Elementary Schools Bunker Hill Elementary School

Middle Schools Franklin Central Junior High

School District Franklin Township Com Sch Corp

MIBOR MLS
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Charles Bell

Charles Bell

Real Estate Advisor | RBRB18000586

+1(765) 532-9814

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7338 5 Points RD