NOT LISTED FOR SALE

117 Division St Elkhart, IN 46516

11 Beds
13 Baths
8,426 Sq Ft
10,542 Sq Ft Lot

Last Sold October 19, 2017

Last sale price $275,000 $33 Per Sq Ft

122 Days on Market

Highlights

  • Hot Water Heating System
  • Carpet
  • 5-minute walk to Civic Plaza
  • Level Lot

About This Home

As of October 2017

Back on market due to no fault of the seller! Sold with 119 and 121 Division. 13 units in prime location just off Main Street near restaurants and parks. Cap rate 19% The buildings house thirteen (13) apartments: nine 1-bedroom, 1-bath; one 2-bedroom, 1bath; and three efficiency apartments. Each apartment is decorated in neutral paint and carpet colors. Several of the apartments contain beautiful beveled and leaded glass windows. Each apartment is furnished with a refrigerator and range. The exterior of the building is well maintained; has been recently painted, has new exterior lights and new landscaping. The building exterior is masonry and all roofs are EPDM. There is onstreet parking in front and paved off-street parking in back.

Last Agent to Sell the Property

Jackie Frient

Market Place Realty, Inc. Listed on: 05/10/2017

Last Buyer's Agent

Jackie Frient

Market Place Realty, Inc. Listed on: 05/10/2017

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,249

Year Built

  • Built in 1890

Lot Details

  • 10,542 Sq Ft Lot
  • Lot Dimensions are 83x132
  • Level Lot

Home Design

  • Masonry Siding
  • Masonry

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 13 Full Bathrooms

Parking

  • 25 Parking Spaces
  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for heating, sewer, trash collection, water
  • Assessor Parcel Number 20-06-05-481-009.000-012

Community Details

Overview

  • 13 Units

Pet Policy

  • Pet Restriction

Building Details

  • Fuel Expense $12,497
  • Insurance Expense $2,065
  • Maintenance Expense $2,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,249

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1890
  • Age: 127
  • Style: Two Story
  • Bedrooms: 11
  • Number Above Grade Bedrooms: 11
  • Total Bathrooms: 13
  • Total Full Bathrooms: 13
  • Legal Description: KIMBALL & CHAPMANS W 24.5FT OF E 49.75FT LOT 5 EX SO 5' ROW (TIF 75)
  • Parcel Number ID: 20-06-05-481-009.000-012
  • Platted: Yes
  • Amenities: Basement
  • Cross Street: Main
  • Legal Description2: KIMB & CHAP EX EAST 49.75FT LOT 5 EX SO 5' ROW (TIF 75) (long legal on file)
  • Sp Lp Percent: 100
  • Monthly Gross Income: 7012
  • Special Features: None

Interior Features

  • Total Sq Ft: 12639
  • Total Finished Sq Ft: 8426
  • Above Grade Finished Sq Ft: 8426
  • Below Grade Sq Ft: 4213
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 4213
  • Number Of Ranges Ovens: 13

Exterior Features

  • Exterior: Masonry
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 25
  • Parking: Lot, Off Street, Paved

Utilities

  • Heating Fuel: Gas, Hot Water
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 12497
  • Annual Insurance Expense: 2065
  • Annual Maintenance Expense: 2000

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Mary Beck
  • Middle School: Pierre Moran
  • High School: Elkhart Central

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 83x132
  • Estimated Lot Sq Ft: 10542
  • Estimated Lot Size Acres: 0.242
  • Lot Number: 5

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Heating, Sewer, Trash Collection, Water

Tax Info

  • Total Assessed Value: 102600
  • Annual Property Tax: 2249

Multi Family

  • Gross Monthly Rent: 7012
  • Number Of Refrigerators: 13
  • Number Of Units: 13
  • Num Of1 Bedrooms: 9
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 3
  • Num Of Units Rented: 13

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
10/19/2017 10/19/17 Sold $275,000 -21.4% $33 / Sq Ft
09/09/2017 09/09/17 Pending -- -- --
05/10/2017 05/10/17 For Sale $350,000 -- $42 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jackie Frient

    Seller's Agent in 2017

    Jackie Frient

    Market Place Realty, Inc.

    (574) 850-1432

    23 Total Sales

    Jackie Frient
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Map

Source: Indiana Regional MLS

MLS Number: 201720372

Indiana Regional MLS
Indiana Elkhart County Elkhart 46516

117 Division St, Elkhart, IN

This home is located at 117 Division St, Elkhart, IN 46516 since 10 May 2017. This property was built in 1890. 117 Division St is a home located in Elkhart County with nearby schools including Riverview Elementary School, Pierre Moran Middle School, and Elkhart High School's Freshman Division.

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.

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