NOT LISTED FOR SALE

11708 Ironton Rd Unit 2001-2024 Shoals, IN 47581

32 Beds
24 Baths
16,736 Sq Ft
1.51 Acres

Last Sold September 30, 2021

Last sale price $770,000 $46 Per Sq Ft

448 Days on Market

Highlights

  • Community Playground
  • Laundry Facilities
  • 1-Story Property
  • Luxury Vinyl Tile Flooring
  • Level Lot

About This Home

As of September 2021

Great Investment. 24 all brick units in Shoals- Martin County. This property offers a 8.5% cap rate and great NOI. 16- 1BD/1BA and 8- 2BD/1BA. Tenants pay their own electric and owner pays water (tenants pay a flat fee monthly to cover). Common Laundry room and playground. Showings are available with a 24 hour notice.

Last Agent to Sell the Property

Amy Rhoda

Revestco LLC Listed on: 12/08/2019

Last Buyer's Agent

Amy Rhoda

Revestco LLC Listed on: 12/08/2019

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,000

Year Built

  • Built in 1996

Lot Details

  • 1.51 Acre Lot
  • Rural Setting
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 16,736 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 24 Full Bathrooms

Parking

  • 48 Car Garage
  • Basement Garage
  • Parking Lot
  • Off-Street Parking

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, water
  • Assessor Parcel Number 51-06-29-200-019.000-003

Community Details

Recreation

  • Community Playground

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $8,109
  • Insurance Expense $5,275
  • Maintenance Expense $20,660
  • Water Sewer Expense $6,071

Additional Features

  • 24 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,000

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1996
  • Age: 25
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 32
  • Number Above Grade Bedrooms: 32
  • Total Bathrooms: 24
  • Total Full Bathrooms: 24
  • Legal Description: PT NW COR S 1/2 NW; 29-3-3; 1.514 AC
  • Parcel Number ID: 51-06-29-200-019.000-003
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Ready, Countertops-Laminate, Detector-Smoke
  • Location: Rural
  • Sp Lp Percent: 90.69
  • Monthly Gross Income: 8852
  • Special Features: None

Interior Features

  • Total Sq Ft: 16736
  • Total Finished Sq Ft: 16736
  • Above Grade Finished Sq Ft: 16736
  • Price Per Sq Ft: 46.01
  • Basement Foundation: Crawl
  • Flooring: Carpet, Laminate, Vinyl Tile
  • Number Of Ranges Ovens: 24

Exterior Features

  • Exterior: Brick
  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 48
  • Parking: Lot, Off Street

Utilities

  • Heating Fuel: Other Heating Fuel
  • Sewer: City
  • Water Utilities: Public
  • Electric Company: Daviess-Martin REMC
  • Annual Electric: 8109
  • Annual Insurance Expense: 5275
  • Annual Maintenance Expense: 20660
  • Annual Water Sewer Expense: 6071

Condo/Co-op/Association

  • Common Amenities: Laundry Facilities, Playground
  • Pet Restrictions: Yes

Schools

  • School District: Shoals Community School Corp.

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 1.51
  • Estimated Lot Sq Ft: 65776
  • Estimated Lot Size Acres: 1.51

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Sewer, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 8852
  • Number Of Refrigerators: 24
  • Number Of Units: 24
  • Num Of1 Bedrooms: 16
  • Num Of2 Bedrooms: 8
  • Num Of Units Rented: 20

Tax Info

  • Annual Property Tax: 7000

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
09/30/2021 09/30/21 Sold $770,000 -9.3% $46 / Sq Ft
02/28/2021 02/28/21 Pending -- -- --
09/20/2020 09/20/20 Price Changed $849,000 -4.6% $51 / Sq Ft
12/08/2019 12/08/19 For Sale $889,700 -- $53 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Amy Rhoda

    Revestco LLC

    (812) 583-0919

    82 Total Sales

    Amy Rhoda
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201952127

Indiana Regional MLS
Indiana Martin County Shoals 47581

11708 Ironton Rd Unit 2001-2024, Shoals, IN

This home is located at 11708 Ironton Rd Unit 2001-2024, Shoals, IN 47581 since 08 December 2019. This property was built in 1996. 11708 Ironton Rd Unit 2001-2024 is a home located in Martin County with nearby schools including Shoals Community Elementary School, Shoals Middle School, and Shoals Community Junior/Senior 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.

Nearby Homes