NOT LISTED FOR SALE

110 W Front St Delphi, IN 46923

22 Beds
11 Baths
10,800 Sq Ft
0.48 Acres

Last Sold May 24, 2023

Last sale price $1,230,000 $114 Per Sq Ft

183 Days on Market

Highlights

  • Traditional Architecture
  • Entrance Foyer
  • Carpet
  • Balcony
  • Forced Air Heating and Cooling System

About This Home

As of May 2023

For sale is a beautiful turnkey apartment building located in the heart of Delphi! Welcome to 110 W Front St. This all brick building with metal roof houses 11 spacious units and is fully leased. Each unit features 2 bedrooms, 1 bathroom, and approximately 800 square feet of space. All units have been completely remodeled and feature new everything, including gorgeous vinyl flooring, high end cabinets with soft close doors and drawers, stainless appliances, new doors and trim, all new bathrooms, and more! Additional amenities include an on site coin-op laundry room, 2 garages, multiple carports, and a large parking lot that provides plenty of off street parking. Gross rents total $118,620 annually with an additional $1500 in laundry income (estimated). Landlord pays water/sewer, trash, common area electric, taxes, and insurance. Expenses are listed below Water - $3,363 Trash - $1,356 Electric (Common Area) - $3,702 Taxes - $4,886 Insurance - $5,085 This wonderful property provides strong cashflow and is perfect for the seasoned investor or someone looking to jump into the rental business. NOI is estimated to be just under $102,000 (7.8% CAP) minus any maintenance expenses. The building underwent an extensive remodel over the past 12 months, so no maintenance history is available.

Last Listed By

Grant Thompson

Raeco Realty Listed on: 08/18/2022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,886

Year Built

  • Built in 1974

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 245x125
  • Sloped Lot

Parking

  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 10,800 Sq Ft Home
  • 3-Story Property
  • Entrance Foyer
  • Carpet
  • Fire and Smoke Detector
  • Laminate Countertops

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 11 Full Bathrooms

Schools

  • Delphi Community Elementary And Middle School
  • Delphi High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Balcony
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, snow removal, trash collection, water
  • Assessor Parcel Number 08-06-29-024-028.000-007

Community Details

Overview

  • 11 Units

Building Details

  • 12 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $3,702
  • Insurance Expense $5,085
  • Trash Expense $1,356
  • Water Sewer Expense $3,363

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,886

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1974
  • Age: 49
  • Style: Three Story
  • Architectural Style: Traditional
  • Bedrooms: 22
  • Number Above Grade Bedrooms: 22
  • Total Bathrooms: 11
  • Total Full Bathrooms: 11
  • Legal Description: 017-24028-00 South Add Delphi Lot 11, 017-24029-00 South Add Delphi PT W2 Lot 13, 017-24030-00 South Add Delphi S2 of Lot 13, 017-24031-00 South Add Delphi Lot 18
  • Parcel Number ID: 08-06-29-024-028.000-007
  • Platted: Yes
  • Amenities: Near Walking Trail, Balcony, Cable Ready, Countertops-Laminate, Detector-Smoke, Foyer Entry, Water Heater Electric
  • Location: City/Town/Suburb
  • Sp Lp Percent: 94.62
  • Monthly Gross Income: 10010
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 10800
  • Total Finished Sq Ft: 10800
  • Above Grade Finished Sq Ft: 10800
  • Price Per Sq Ft: 113.89
  • Basement Foundation: Slab
  • Flooring: Carpet
  • Number Of Microwaves: 11
  • Number Of Ranges Ovens: 11

Exterior Features

  • Exterior: Brick
  • Roof Material: Metal
  • Stories: 3

Garage/Parking

  • Driveway: Concrete
  • Parking: Gravel

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Cable Company: Comcast
  • Annual Electric: 3702
  • Annual Insurance Expense: 5085
  • Annual Trash Expense: 1356
  • Annual Water Sewer Expense: 3363
  • Number Electric Meters: 12
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Schools

  • School District: Delphi Community School Corp.
  • Elementary School: Delphi Community
  • Middle School: Delphi Community
  • High School: Delphi
  • Elementary School: Delphi Community

Lot Info

  • Lot Description: Slope
  • Lot Dimensions: 245x125
  • Estimated Lot Sq Ft: 20909
  • Estimated Lot Size Acres: 0.48

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Sewer, Snow Removal, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 9835
  • Number Of Dishwashers: 11
  • Number Of Dryers: 2
  • Number Of Refrigerators: 11
  • Number Of Units: 11
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 11
  • Num Of Units Rented: 11

Tax Info

  • Annual Property Tax: 4886

MLS Schools

  • High School: Delphi
  • Middle School: Delphi Community
  • School District: Delphi Community School Corp.

Range of Values:

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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 Change Sq Ft Price
05/24/2023 05/24/23 Sold $1,230,000 -5.4% $114 / Sq Ft
02/17/2023 02/17/23 Pending -- -- --
08/19/2022 08/19/22 Price Changed $1,300,000 +900.0% $120 / Sq Ft
08/18/2022 08/18/22 For Sale $130,000 -- $12 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Grant Thompson

    Seller's Agent in 2023

    Grant Thompson

    Raeco Realty

    (765) 412-2325

    80 Total Sales

    Grant Thompson
    Section Image
  • Rebecca Wright

    Buyer's Agent in 2023

    Rebecca Wright

    Epique Inc.

    (765) 543-8129

    89 Total Sales

    Rebecca Wright
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202234662

Indiana Regional MLS

Indiana Carroll County Delphi 46923

110 W Front St, Delphi, IN

Homes for Sale in Delphi, IN

This home is located at 110 W Front St, Delphi, IN 46923 since 18 August 2022. This property was built in 1974. 110 W Front St is a home located in Carroll County with nearby schools including Delphi Community Elementary School, Delphi Community Middle School, and Delphi Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.