Seller's Agent in 2022
Mark Ginder
RE/MAX
(513) 505-4775
1 in this area
28 Total Sales
1114 5th St Rising Sun, IN 47040
Studio
--
Bath
11,900
Sq Ft
65,340
Sq Ft Lot
Highlights
- City View
- Deck
- Corner Lot
- 1.5 Acre Lot
- Wooded Lot
- Double Pane Windows
About This Home
Once in awhile we market a unique property that has had one owner since it was built in the early 1980's.A Brick 20 Unit Apartment Complex includes 2 Buildings with 2 Levels. All 20 units are leased. 9 Units have rental assistance. Section 8 Housing approved. The 14 One Bedroom apartments lease for $459 - $649 per month. And the 6 Two Bedroom Apartments lease for $524 - $765 per month. The buildings have new roofs & windows in 2020, many units have newer furnaces and water heaters. All units have electric furnaces, electric ranges/ovens, & ample parking. A common Laundry Room (18 x 12) features 2 newer Washers & 2 newer Dryers that are coinless-NOT Owned by Landlord-Leased. The office 12 x 9 for the complex is nearby. A built in Utility/tool area is close to the office. USDA RD Section 8 Housing-some Restrictions may apply. RD-USDA 11 years remain in contract-subject to restrictions to a new buyer. BUYER'S LENDER CHANGED REQUIREMENTS. BACK ON THE MARKET. SEND PREAPPROVAL LETTER.
Last Agent to Sell the Property
RE/MAX Advantage 1 License #RB14035669 Listed on: 02/18/2022
Property Details
Home Type
- Apartment
Year Built
- Built in 1983
Lot Details
- 1.5 Acre Lot
- Lot Dimensions are 262' x 262'
- Corner Lot
- Wooded Lot
Property Views
- City
- Woods
Home Design
- Brick or Stone Mason
- Poured Concrete
- Shingle Roof
Interior Spaces
- 11,900 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Vinyl Clad Windows
- Double Hung Windows
- Storage
- Oven or Range
Parking
- 40 Parking Spaces
- No Garage
- Driveway
- Parking Lot
- Off-Street Parking
Outdoor Features
- Deck
- Patio
Utilities
- Central Air
- Mini Split Air Conditioners
- Heating Available
- Furnace
- Separate Meters
- Natural Gas Not Available
Listing and Financial Details
- Tenant pays for electricity, insurance
Community Details
Overview
- 20 Units
- Southeastern Indiana Board Association
Amenities
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2023 03/31/23 | Sold | -- | -- | -- |
| 02/14/2023 02/14/23 | Pending | -- | -- | -- |
| 02/03/2023 02/03/23 | For Sale | $1,350,000 | 0.0% | $113 / Sq Ft |
| 07/07/2022 07/07/22 | Pending | -- | -- | -- |
| 02/18/2022 02/18/22 | For Sale | $1,350,000 | -- | $113 / Sq Ft |
Source: Southeastern Indiana Board of REALTORS®
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 | $8,362 | $420,900 | $67,800 | $353,100 |
| 2024 | $8,362 | $418,100 | $84,000 | $334,100 |
| 2023 | $6,206 | $560,100 | $120,100 | $440,000 |
| 2022 | $5,663 | $302,300 | $120,100 | $182,200 |
| 2021 | $5,856 | $268,500 | $99,200 | $169,300 |
| 2020 | $5,393 | $246,100 | $99,200 | $146,900 |
| 2019 | $5,636 | $369,100 | $165,300 | $203,800 |
| 2018 | $5,931 | $269,000 | $165,300 | $103,700 |
| 2017 | $5,629 | $257,900 | $156,600 | $101,300 |
| 2016 | $5,997 | $279,500 | $156,600 | $122,900 |
| 2014 | $3,914 | $271,400 | $156,600 | $114,800 |
| 2013 | $3,710 | $291,000 | $156,600 | $134,400 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Ginder
-
Pamela Ginder
Seller Co-Listing Agent in 2022
Pamela Ginder
RE/MAX
(513) 659-9515
1 in this area
36 Total Sales
Map
Source: Southeastern Indiana Board of REALTORS®
MLS Number: 196611
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