NOT LISTED FOR SALE

1233 W Lake St Unit 16 Topeka, IN 46571

40 Beds
32 Baths
8,960 Sq Ft
3.02 Acres

Last Sold July 02, 2021

Last sale price $890,000 $99 Per Sq Ft

47 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Level Lot
  • Carpet
  • Westview Elementary School Rated A-

About This Home

As of July 2021

Great Investment Opportunity! You may want to consider adding this to your portfolio. This is a 16 Unit Townhome style apartment building available for sale in Topeka, IN. Each unit has either two or three bedrooms with 1.5 baths, a full basement, and washer/dryer hook ups. Gas and electric are seperately metered and paid by the tenants. Metal roof installed in 2016. These are good looking buildings with longterm tenants.

Last Listed By

Joshua Schirr

McKinnies Realty, LLC Elkhart Listed on: 02/24/2021

McKinnies Realty, LLC Elkhart

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,713

Year Built

  • Built in 1973

Lot Details

  • 3.02 Acre Lot
  • Lot Dimensions are 300 x 435
  • Level Lot

Home Design

  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 40 Bedrooms

Parking

  • 48 Parking Spaces
  • Driveway
  • Paved Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for lawn maintenance, snow removal, water
  • Assessor Parcel Number 44-12-36-100-000.006-008

Community Details

Overview

  • 2 Buildings
  • 16 Units

Pet Policy

  • Pet Restriction

Building Details

  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $8,040
  • Maintenance Expense $1,932
  • Trash Expense $1,560
  • Water Sewer Expense $11,928

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,713

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1973
  • Age: 48
  • Style: Two Story
  • Bedrooms: 40
  • Number Above Grade Bedrooms: 40
  • Total Bathrooms: 32
  • Total Full Bathrooms: 16
  • Total Number of Half Bathrooms: 16
  • Legal Description: off N side N 1/2 NW 1/4 3.02 AC Per Survey
  • Parcel Number ID: 44-12-36-100-000.006-008
  • Platted: Yes
  • Amenities: Basement
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Surface: Paved
  • Sp Lp Percent: 98.89
  • Monthly Gross Income: 11295
  • Special Features: None

Interior Features

  • Total Sq Ft: 13440
  • Total Finished Sq Ft: 8960
  • Above Grade Finished Sq Ft: 8960
  • Below Grade Sq Ft: 4480
  • Price Per Sq Ft: 99.33
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 4480
  • Number Of Ranges Ovens: 16
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Metal
  • Stories: 2

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 48
  • Parking: Paved

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 8040
  • Annual Maintenance Expense: 1932
  • Annual Trash Expense: 1560
  • Annual Water Sewer Expense: 11928
  • Number Electric Meters: 16
  • Number Gas Meters: 16
  • Number Of W D Hookups: 16
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Westview School Corp.
  • Elementary School: Topeka
  • Middle School: Westview
  • High School: Westview

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 300 x 435
  • Estimated Lot Sq Ft: 131551
  • Estimated Lot Size Acres: 3.02

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Snow Removal, Water
  • Tenant Pays: Electric, Fuel

Tax Info

  • Total Assessed Value: 687700
  • Annual Property Tax: 10712.76

Multi Family

  • Gross Monthly Rent: 11295
  • Number Of Refrigerators: 16
  • Number Of Units: 16
  • Num Of2 Bedrooms: 8
  • Number Of 3 Bedrooms: 8
  • Num Of Units Rented: 16

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
07/02/2021 07/02/21 Sold $890,000 -1.1% $99 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $900,000 0.0% $100 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
02/24/2021 02/24/21 For Sale $900,000 -- $100 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joshua Schirr

    Seller's Agent in 2021

    Joshua Schirr

    McKinnies Realty, LLC Elkhart

    (574) 534-4415

    99 Total Sales

    Joshua Schirr
    Section Image
  • Lori Kain

    Buyer's Agent in 2021

    Lori Kain

    Mike Thomas Associates

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202105643

Indiana Regional MLS

Indiana LaGrange County Topeka 46571

1233 W Lake St Unit 16, Topeka, IN

Homes for Sale in Topeka, IN

This home is located at 1233 W Lake St Unit 16, Topeka, IN 46571 since 24 February 2021. This property was built in 1973. 1233 W Lake St Unit 16 is a home located in LaGrange County with nearby schools including Topeka Elementary School, Westview Elementary School, and Westview 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.