$409,900
$45K PRICE DROP

Estimated payment $2,753/month

Total Views 25,684
5 Beds
5 Baths
2,635 Sq Ft
$156 Price per Sq Ft

About This Home

Opportunity is knocking at this fully occupied 5 unit investment property near downtown Goshen! Close to Goshen Hospital, Goshen College, biking and walking trails, schools and shopping. Location, location, location! This all brick two story has plenty of on street and off street parking, and walking distance to all Goshen Indiana has to offer! Separate gas and electric meters. Owner pays gas and electric for common area out of rental income.

Listing Agent

David Stump

Berkshire Hathaway HomeServices Goshen Brokerage Phone: 574-534-1010 Listed on: 07/02/2024

Berkshire Hathaway HomeServices Goshen

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,559

Year Built

  • Built in 1900

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x155
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • 5 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Parkside Elementary School
  • Goshen Middle School
  • Goshen High School

Utilities

  • Heating System Uses Gas
  • Radiant Heating System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 20-11-15-308-007.000-015

Community Details

Overview

  • 5 Units

Pet Policy

  • Pet Restriction

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $200
  • Fuel Expense $3,400
  • Insurance Expense $3,128
  • Maintenance Expense $1,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,518

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,559

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1900
  • Age: 125
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: GOSHEN COLLEGE 5FT S SIDE; LOT 132; LOT 133
  • Parcel Number ID: 20-11-15-308-007.000-015
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Near Walking Trail, Attic-Walk-up, Water Heater Electric, Water Heater Gas
  • Location: City/Town/Suburb, Near College Campus, Near Walking Trail
  • Monthly Gross Income: 3336
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 4878
  • Total Finished Sq Ft: 2635
  • Above Grade Finished Sq Ft: 2635
  • Above Grade Unfinished Sq Ft: 1168
  • Below Grade Sq Ft: 1075
  • Price Per Sq Ft: 155.56
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Carpet, Wood
  • Total Below Grade Sq Ft: 1075
  • Number Of Ranges Ovens: 5
  • Number Ttl Rooms Below Grade: 3

Exterior Features

  • Exterior: Brick
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 5
  • Parking: Off Street, Street

Utilities

  • Heating Fuel: Gas, Radiant
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 200
  • Annual Fuel Expense: 3400
  • Annual Insurance Expense: 3128
  • Annual Maintenance Expense: 1000
  • Annual Trash Expense: 1200
  • Annual Water Sewer Expense: 1518
  • Number Electric Meters: 6
  • Number Gas Meters: 5
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Goshen Community Schools
  • Elementary School: Parkside
  • Middle School: Goshen
  • High School: Goshen
  • Elementary School: Parkside

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50x155
  • Estimated Lot Sq Ft: 7841
  • Estimated Lot Size Acres: 0.18

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Building Insurance, Electric, Fuel, Sewer, Trash Collection

Multi Family

  • Gross Monthly Rent: 3336
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 5559

MLS Schools

  • High School: Goshen
  • Middle School: Goshen
  • School District: Goshen Community Schools

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,574 $276,500 $13,800 $262,700
2022 $5,574 $223,400 $0 $223,400
2021 $4,644 $194,300 $0 $194,300
2020 $5,226 $194,300 $13,800 $180,500
2019 $4,320 $174,600 $13,800 $160,800
2018 $2,989 $127,300 $12,000 $115,300
2017 $2,574 $125,900 $12,000 $113,900
2016 $2,653 $125,900 $12,000 $113,900
2014 $2,873 $139,500 $12,000 $127,500
2013 $2,722 $136,100 $12,000 $124,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2025 05/06/25 Price Changed $409,900 -5.8% $156 / Sq Ft
02/24/2025 02/24/25 Price Changed $435,000 -4.4% $165 / Sq Ft
01/06/2025 01/06/25 For Sale $455,000 0.0% $173 / Sq Ft
01/04/2025 01/04/25 Off Market $455,000 -- --
12/11/2024 12/11/24 For Sale $455,000 0.0% $173 / Sq Ft
10/04/2024 10/04/24 Pending -- -- --
07/02/2024 07/02/24 For Sale $455,000 -- $173 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Deed $363,212 None Listed On Document
Deed $363,212 None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,330,000 Credit Line Revolving
Closed $273,092 New Conventional
Closed $273,092 New Conventional
Source: Public Records

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    Section Image

Source: Indiana Regional MLS

MLS Number: 202424312

Indiana Regional MLS

APN: 20-11-15-308-007.000-015