$169,900

116 5th St Oolitic, IN 47451

Estimated payment $1,075/month

Total Views 2,165
5 Beds
3 Baths
2,256 Sq Ft
$75 Price per Sq Ft

Highlights

  • Forced Air Heating and Cooling System
  • Vinyl Flooring
  • 1-Story Property

About This Home

Great investment opportunity in this triplex. $1700 gross monthly rent.

Listing Agent

Joe Lewis

RE/MAX Acclaimed Properties

RE/MAX Acclaimed Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,550

Year Built

  • Built in 1947

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 95 x 90

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Parking

  • 5 Parking Spaces
  • Off-Street Parking

Schools

  • Dollens Elementary School
  • Bedford Middle School
  • Bedford-North Lawrence High School

Additional Features

  • Suburban Location
  • Forced Air Heating and Cooling System

Community Details

  • 3 Units
  • Insurance Expense $1,000

Listing and Financial Details

  • The owner pays for maintenance
  • Assessor Parcel Number 47-06-04-423-008.000-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,550

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1947
  • Age: 78
  • Style: One Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: SMITHS 45 x 9 NE COR LOT 5 & 50 X 90 NW COR LOT 4
  • Parcel Number ID: 47-06-04-423-008.000-011
  • Platted: Yes
  • Amenities: Basement, Off Street Parking
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 1
  • Monthly Gross Income: 1700
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 3008
  • Total Finished Sq Ft: 2256
  • Above Grade Finished Sq Ft: 1504
  • Below Grade Finished Sq Ft: 752
  • Below Grade Sq Ft: 752
  • Price Per Sq Ft: 112.97
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement
  • Basement Material: Block
  • Flooring: Laminate, Vinyl
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 1504
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 4

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1000
  • Number Of W D Hookups: 3

Schools

  • School District: North Lawrence Community Schools
  • Elementary School: Dollens
  • Middle School: Bedford
  • High School: Bedford-North Lawrence
  • Elementary School: Dollens

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 95 x 90
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Maintenance
  • Tenant Pays: Cable, Electric, Sewer, Water

Multi Family

  • Gross Monthly Rent: 1700
  • Number Of Dryers: 3
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1550

MLS Schools

  • High School: Bedford-North Lawrence
  • Middle School: Bedford
  • School District: North Lawrence Community Schools

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,550 $81,400 $7,200 $74,200
2023 $1,424 $71,200 $7,000 $64,200
2022 $1,302 $65,100 $6,700 $58,400
2021 $1,158 $57,900 $6,100 $51,800
2020 $1,108 $55,400 $6,000 $49,400
2019 $1,018 $50,900 $5,900 $45,000
2018 $1,008 $50,400 $5,900 $44,500
2017 $1,098 $54,900 $5,900 $49,000
2016 $1,096 $54,800 $5,800 $49,000
2014 $1,082 $54,100 $5,800 $48,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2025 02/23/25 For Sale $169,900 -- $75 / Sq Ft
Source: Indiana Regional MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed -- --
Deed $25,000 Lawrence County Abstract
Land Contract $25,000 Lawrence County Abstract
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $53,500 Commercial
Previous Owner $30,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202505863

Indiana Regional MLS

APN: 47-06-04-423-008.000-011