$165,500
SOLD JAN 12, 2018
-- Bed
-- Bath
-- Sq Ft
0.59 Acres

Recently Sold

21% Below List Price

801 Days on Market

About This Home

As of January 2018

Incredible opportunity in this 12-unit New Castle apartment building. Building has great cash flow, includes parking on site, as well as an extra vacant lot across the street for overflow. Each unit comes equipped with a refrigerator, range, a/c and water heater. On-site laundry on lower level. Lots of potential in this building!

Last Agent to Sell the Property

Rob Newkirk

Newkirk Realty License #RB14029854 Listed on: 10/07/2015

Last Buyer's Agent

Jon Kindred

F.C. Tucker/Crossroads Real Estate

F.C. Tucker/Crossroads Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Home Design

  • Brick Exterior Construction
  • Block Foundation

Additional Features

  • 3-Story Property
  • 0.59 Acre Lot
  • Basement

Community Details

  • Lennards Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, insurance
  • The owner pays for gas, insurance, lawncare, taxes, sewer
  • Assessor Parcel Number 331210430301000016

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub Type: 5+Units Commercial
  • Architectural Style: ApartBldg
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2015
  • Year Built: 1966
  • Lot Size Acres: 0.59
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: LENNARDS
  • Inspection Warranties: Not Applicable
  • Property Description: Incredible opportunity in this 12-unit New Castle apartment building. Building has great cash flow, includes parking on site, as well as an extra vacant lot across the street for overflow. Each unit comes equipped with a refrigerator, range, a/c and water heater. On-site laundry on lower level. Lots of potential in this building!
  • Transaction Type: Sale
  • Unit Count: 4
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Three Or More
  • Owner Pays: Gas, Insurance, Lawncare, Taxes, Sewer
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 10710
  • Laundry: Common

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 179900
  • Road Access: CityStreet

Garage/Parking

  • Unit Parking: Paved Area,Unpaved

Utilities

  • Solid Waste: 0

Condo/Co-op/Association

  • Association Amenities: Parking

Fee Information

  • Expenses: 15804

Lot Info

  • Current Use: Apt<20
  • Parcel Number: 331210430301000016
  • Acres: 1/4-1/2 Acre
  • Lot Information: Corner
  • Lot Number: 14-18
  • Lot Size: 165x116 120x60

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Insurance

Multi Family

  • Net Operating Income: 35776
  • Number Of Units Total: 12

Tax Info

  • Tax Annual Amount: 4384
  • Semi Annual Property Tax Amt: 2192
  • Tax Exemption: None

MLS Schools

  • School District: New Castle Community

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
01/16/2018 01/16/18 For Sale $165,500 0.0% $15 / Sq Ft
01/12/2018 01/12/18 Sold $165,500 0.0% $15 / Sq Ft
01/12/2018 01/12/18 Sold $165,500 -8.0% --
12/17/2017 12/17/17 Pending -- -- --
12/12/2017 12/12/17 Pending -- -- --
07/02/2017 07/02/17 Price Changed $179,900 -10.1% --
04/24/2017 04/24/17 Price Changed $200,000 -4.8% --
02/03/2017 02/03/17 For Sale $209,990 0.0% --
11/22/2016 11/22/16 Pending -- -- --
08/17/2016 08/17/16 Price Changed $209,990 -8.3% --
07/25/2016 07/25/16 Price Changed $229,000 -4.2% --
02/17/2016 02/17/16 Price Changed $239,000 -0.4% --
10/07/2015 10/07/15 For Sale $239,900 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21380621

MIBOR Broker Listing Cooperative®