Estimated payment $8,555/month
Highlights
- Vaulted Ceiling
- Multiple cooling system units
- Wood Siding
- Tile Flooring
About This Home
Looking for the opportunity to have rental income? This is your chance with 8 buildings, 21 units and they are all leased. Great location just off of SR 60. Call to schedule your showing today, please allow enough time for the tenants to be notified.
Listing Agent
Mainstreet Realtors Brokerage Email: info@mainstreetrealtor.com Listed on: 07/23/2025
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $8,442
Year Built
- Built in 1975
Lot Details
- 2.1 Acre Lot
Home Design
- Wood Siding
- Block Exterior
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Vaulted Ceiling
- Washer Hookup
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 32 Bedrooms
- 23 Full Bathrooms
Partially Finished Basement
- 1 Bathroom in Basement
- 1 Bedroom in Basement
Parking
- 25 Parking Spaces
- Off-Street Parking
Schools
- Bradie M Shrum Elementary School
- Salem Middle School
- Salem High School
Utilities
- Multiple cooling system units
- Electric Water Heater
Listing and Financial Details
- The owner pays for building insurance, tax
- Assessor Parcel Number 88-24-18-224-004.001-022
Community Details
Overview
- 8 Buildings
- 21 Units
Pet Policy
- Pets Allowed with Restrictions
Building Details
- Insurance Expense $13,200
- Maintenance Expense $15,000
- Water Sewer Expense $22,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,442 | $422,100 | $105,200 | $316,900 |
| 2023 | $12,227 | $606,700 | $105,200 | $501,500 |
| 2022 | $12,338 | $612,200 | $105,200 | $507,000 |
| 2021 | $12,121 | $601,700 | $105,200 | $496,500 |
| 2020 | $12,993 | $645,300 | $105,200 | $540,100 |
| 2019 | $12,993 | $645,300 | $105,200 | $540,100 |
| 2018 | $13,331 | $639,300 | $105,200 | $534,100 |
| 2017 | $12,348 | $613,200 | $105,200 | $508,000 |
| 2016 | $14,003 | $696,000 | $105,200 | $590,800 |
| 2014 | $13,445 | $668,000 | $105,200 | $562,800 |
| 2013 | $13,596 | $679,800 | $105,000 | $574,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/06/2025 09/06/25 | Price Changed | $1,500,000 | -14.3% | $36 / Sq Ft |
| 07/23/2025 07/23/25 | For Sale | $1,750,000 | -- | $42 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $700,000 | -- |
Source: Indiana Regional MLS
MLS Number: 202528955
APN: 88-24-18-224-004.001-022
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