NOT LISTED FOR SALE

1202 North St Logansport, IN 46947

6 Beds
4 Baths
3,996 Sq Ft
6,534 Sq Ft Lot

Last Sold July 22, 2022

Last sale price $120,000 $30 Per Sq Ft

29 Days on Market

Highlights

  • Wood Flooring
  • Laundry in Utility Room
  • 5-minute walk to Riverside Park
  • Corner Lot
  • Forced Air Heating System

About This Home

As of July 2022

Great Investment property that doesn't come up too often. 4 unit apartment building with great cashflow. CAP rate over 11%. Property has recently had all the electric completely redone as well as other repairs that should increase the net return for future years. Property has separated electric and gas meters for each apartment. 1 water meter for all. Owner currently includes all utilities in the rent for ease on tenants but can definitely be made to have tenants pay these bills. Vacant unit is getting new kitchen flooring and a renter is lined up waiting to move in.

Last Agent to Sell the Property

Rachel Henry

Modern Real Estate Listed on: 05/19/2022

Last Buyer's Agent

Jordan Moran

Modern Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,263

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Laundry in Utility Room
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Public Parking
  • On-Street Parking

Location

  • Suburban Location

Schools

  • Landis Elementary School
  • Columbia/Logansport Middle School
  • Logansport High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for electric, heating, trash collection, water
  • Assessor Parcel Number 09-17-44-145-010.000-010

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,383
  • Fuel Expense $3,383
  • Insurance Expense $2,400
  • Maintenance Expense $3,905
  • Water Sewer Expense $1,821

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,263

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1900
  • Age: 122
  • Style: Two Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: J Tipton Admr 1 W 55ft Exc N 55.55' Ol 25 & OL 25 2.2' X 42.23' 13-092-015
  • Parcel Number ID: 09-17-44-145-010.000-010
  • Platted: Yes
  • Amenities: Basement
  • Location: City/Town/Suburb
  • Sp Lp Percent: 96
  • Annual Miscellaneous: 350
  • Monthly Gross Income: 2600
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 5994
  • Total Finished Sq Ft: 3996
  • Above Grade Finished Sq Ft: 3996
  • Below Grade Sq Ft: 1998
  • Price Per Sq Ft: 30.03
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Flooring: Wood
  • Total Below Grade Sq Ft: 1998
  • Number Of Ranges Ovens: 4

Exterior Features

  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Public, Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 3382.53
  • Annual Fuel Expense: 3382.53
  • Annual Insurance Expense: 2400
  • Annual Maintenance Expense: 3905
  • Annual Water Sewer Expense: 1821.4
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • School District: Logansport Community School Corp.
  • Elementary School: Landis
  • Middle School: Columbia/Logansport
  • High School: Logansport
  • Elementary School: Landis

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: .15 acres
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Electric, Heating, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 2600
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 1263

MLS Schools

  • High School: Logansport
  • Middle School: Columbia/Logansport
  • School District: Logansport Community School Corp.

Range of Values:

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List Price
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
07/22/2022 07/22/22 Sold $120,000 -4.0% $30 / Sq Ft
06/17/2022 06/17/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $125,000 -- $31 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rachel Henry

    Seller's Agent in 2022

    Rachel Henry

    Modern Real Estate

    (574) 732-4889

    228 Total Sales

    Rachel Henry
    Section Image
  • Jordan Moran

    Buyer's Agent in 2022

    Jordan Moran

    Modern Real Estate

    (574) 398-0921

    143 Total Sales

    Jordan Moran
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202219200

Indiana Regional MLS
Indiana Cass County Logansport 46947

1202 North St, Logansport, IN

This home is located at 1202 North St, Logansport, IN 46947 since 19 May 2022. This property was built in 1900. 1202 North St is a home located in Cass County with nearby schools including Logansport Community High School and All Saints Catholic 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.

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