NOT LISTED FOR SALE

1200 S 4th Ave Jonesboro, IN 46938

-- Bed
-- Bath
-- Sq Ft
10.61 Acres

Last Sold September 30, 2020

Last sale price $175,000

180 Days on Market

About This Home

As of September 2020

Tamarack Mobile Home Park is located in Jonesboro, IN. It is a midsized park that consists of 55 pads and 1 shed. At the present time the park only has 9 paying tenants (16% occupied). The average rental rate for TOH pad rentals is between $200-225 per month. The park is currently operating without a license from the State of Indiana. To get the park back up to standards to satisfy the State and get the license back, the new park owner will need to remove general debris from the park, cut down excess vegetation, and secure vacant/abandoned trailers. There are currently around 25 vacant trailers on the premises. The owner is estimating that approximately 20 of those could be renovated for future rentals. The owner does not have all of the titles for the homes on the property so the new owner would have to track those down going forward. Limited financial information and due diligence items available.

Last Agent to Sell the Property

Jon Fisher

MR. LANDMAN License #471020503 Listed on: 01/31/2020

Last Buyer's Agent

Jon Fisher

MR. LANDMAN License #471020503 Listed on: 01/31/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 10.61 Acre Lot
  • Lot Dimensions are 627x657x55x66x600x75

Interior Spaces

  • 1-Story Property

Community Details

  • 55 Units
  • Gross Income $1,900

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, sewer

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 1
  • Year Built: 1970
  • Built Before 1978 (Y/N): Yes
  • Information: No Sign on Property,Court Approval Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Multi-Family, Other
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Frontage Type: City Street
  • List Price: 200000

Utilities

  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: None

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 10.61
  • Lot Dimensions: 627X657X55X66X600X75
  • Lot Size Sq Ft: 462171
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
  • Board Number: 22

Multi Family

  • GrossIncome: 1900
  • NumberOfUnitsTotal: 55
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 6726
  • Tax Year: 2018

Range of Values:

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Sold Price
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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
09/30/2020 09/30/20 Sold $175,000 -12.5% --
07/29/2020 07/29/20 Pending -- -- --
05/04/2020 05/04/20 Price Changed $200,000 -20.0% --
03/11/2020 03/11/20 Price Changed $249,999 -15.3% --
02/11/2020 02/11/20 Price Changed $295,000 -15.7% --
01/31/2020 01/31/20 For Sale $350,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jon Fisher

    Seller's Agent in 2020

    Jon Fisher

    MR. LANDMAN

    (217) 202-0924

    223 Total Sales

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10623946

Midwest Real Estate Data (MRED)

Indiana Grant County Jonesboro 46938

1200 S 4th Ave, Jonesboro, IN

This home is located at 1200 S 4th Ave, Jonesboro, IN 46938 since 31 January 2020. This property was built in 1970. 1200 S 4th Ave is a home located in Grant County with nearby schools including Westview Elementary School, Northview Elementary School, and R.J. Baskett Middle School.

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