NOT LISTED FOR SALE

1002 Albin Pond Rd Greencastle, IN 46135

-- Bed
-- Bath
-- Sq Ft
0.77 Acres Lot

Sale Details

Date Sold: September 1, 2020

Last sale price $355,000

3 Days on Market

About This Home

As of September 2020

Great opportunity! Hard to find well maintained 6 unit brick apartment building with over 7 cap rate! Units stay rented! 4 townhomes and 2 ranch style units. All are 2 bedroom. All apartments come with microwave, fridge, stove. Units are all electric and tenants pay the electric. Owner pays water and trash. Many upgrades including new roof in 2013. Paved driveway 2 years ago that was sealed this year. HVAC in apts 2,3,4 in 2011. HVAC in Apt. 5 in 2012. Units 1 and 6 have baseboard heat and a unit ac. Each unit has 2 parking spaces. One is under the carport and one is not. Close to downtown Greencastle. Don't miss! This one will not stay on the market long!

Last Agent to Sell the Property

Joe Bottorff

Dropped Members License #RB14029260 Listed on: 07/20/2020

Last Buyer's Agent

Christopher Harcourt

RE/MAX Cornerstone

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,230

Year Built

  • Built in 1973

Lot Details

  • 0.77

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation

Additional Features

  • 2-Story Property
  • 33,532 Sq Ft Lot

Community Details

  • Sherwood Heights Subdivision

Listing and Financial Details

  • Tenant pays for cable tv electricity insurance
  • The owner pays for lawncare taxes sewer trash collection water
  • Assessor Parcel Number 670915203047000008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,230

Year Built

Built in 1973

Lot Details

0.77 Acres

Listing Details

  • Property Sub Type: 5+Units Commercial
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1973
  • Lot Size Acres: 0.7698
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Apartment Building
  • Subdivision Name: SHERWOOD HEIGHTS
  • Inspection Warranties: Not Applicable
  • Property Description: Great opportunity! Hard to find well maintained 6 unit brick apartment building with over 7 cap rate! Units stay rented! 4 townhomes and 2 ranch style units. All are 2 bedroom. All apartments come with microwave, fridge, stove. Units are all electric and tenants pay the electric. Owner pays water and trash. Many upgrades including new roof in 2013. Paved driveway 2 years ago that was sealed this year. HVAC in apts 2,3,4 in 2011. HVAC in Apt. 5 in 2012. Units 1 and 6 have baseboard heat and a unit ac. Each unit has 2 parking spaces. One is under the carport and one is not. Close to downtown Greencastle. Don't miss! This one will not stay on the market long!
  • Transaction Type: Sale
  • Unit Count: 6
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: Two
  • Owner Pays: Lawncare,Taxes,Sewer,Trash Collection,Water
  • Possible Use: Apt<20
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 10088
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Asphalt
  • Foundation Details: Slab
  • Road Access: CityStreet
  • Interstate: Ramp>5mi

Garage/Parking

  • Carport Spaces: 6
  • Unit Parking: Covered,Parking Lot,Paved Area,2 Car Space
  • Auto Parking: 15
  • Auto Surface: asphalt
  • Parking Spacesper Unit: 2.0000

Utilities

  • Solid Waste: 1
  • HVAC: Apt 2,3,4 2011 5 2012

Fee Information

  • Insurance Expenses: 1606

Lot Info

  • Current Use: Apt<20
  • Parcel Number: 670915203047000008
  • Acres: 1/2-1 Acre
  • Lot Information: Access Street,Corner,Sidewalks
  • Lot Number: 9
  • Lot Size: 33,534

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV,Electricity,Insurance

Multi Family

  • Net Operating Income: 27175

Tax Info

  • Tax Annual Amount: 3230
  • Semi Annual Property Tax Amt: 1615
  • Tax Exemption: None

MLS Schools

  • School District: Greencastle Community
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2020 09/01/20 Sold $355,000 -1.4% --
07/24/2020 07/24/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $359,900 -- --
Source: MIBOR Broker Listing Cooperative®

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
2025 $6,285 $334,300 $31,900 $302,400
2024 $6,285 $311,700 $32,800 $278,900
2023 $3,030 $151,500 $26,300 $125,200
2022 $3,030 $151,500 $26,300 $125,200
2021 $3,230 $161,500 $26,300 $135,200
2020 $3,230 $161,500 $26,300 $135,200
2019 $3,230 $161,500 $26,300 $135,200
2018 $3,750 $187,500 $32,800 $154,700
2017 $5,006 $185,700 $32,800 $152,900
2016 $3,708 $185,400 $32,800 $152,600
2014 $3,974 $198,700 $32,800 $165,900
2013 $3,974 $206,600 $32,800 $173,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21725322

MIBOR Broker Listing Cooperative®
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