NOT LISTED FOR SALE

1905 14th St Unit 5-14 Bedford, IN 47421

Estimated Value: $151,000 - $563,303

16 Beds
10 Baths
4,800 Sq Ft
$77/Sq Ft Est. Value

Last Sold February 10, 2022

Last sale price $514,402 $107 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $2,692/month

669 Days on Market

Highlights

  • Baseboard Heating
  • Carpet
  • 1-Story Property

About This Home

As of February 2022

Great Opportunity! 5 Duplexes (10 units)! 6-2BD/1BA and 4-1BD/1BA apartments. Well maintained and great rental history. Great rental history. Recent updates in various units including paint, flooring, new appliances, and more. Featuring a 8% cap rate and great NOI.

Last Agent to Sell the Property

Amy Rhoda

Revestco LLC Listed on: 12/08/2019

Last Buyer's Agent

BLOOM NonMember

NonMember BL

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,400

Year Built

  • Built in 1955

Lot Details

  • 0.73 Acre Lot
  • Lot Dimensions are 181x180
  • Sloped Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,800 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Full Bathrooms

Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 10 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, fuel
  • Assessor Parcel Number 47-06-14-324-032.000-010

Community Details

Overview

  • 10 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $1,090
  • Fuel Expense $553
  • Insurance Expense $1,290
  • Maintenance Expense $6,800
  • Water Sewer Expense $6,297

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,400

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1955
  • Age: 67
  • Style: One Story
  • Bedrooms: 16
  • Number Above Grade Bedrooms: 16
  • Total Bathrooms: 10
  • Total Full Bathrooms: 10
  • Legal Description: PARKVIEW CT. LOT 1-5 INCL 75 X 80; 10 X 180; 75 X 83; 10 X 180; 97 X 32 97 X 32; 10 X 180; 75 X 83; 75 X 80
  • Parcel Number ID: 47-06-14-324-032.000-010
  • Platted: Yes
  • Amenities: Cable Available, Countertops-Laminate, Detector-Smoke
  • Location: City/Town/Suburb
  • Sp Lp Percent: 98
  • Monthly Gross Income: 4688
  • Special Features: None

Interior Features

  • Total Sq Ft: 4800
  • Total Finished Sq Ft: 4800
  • Above Grade Finished Sq Ft: 4800
  • Price Per Sq Ft: 107.17
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Carpet, Laminate, Vinyl
  • Number Of Ranges Ovens: 10

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 10
  • Parking: Lot, Off Street

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Water Company: Bedford City Utilities
  • Cable Company: Comcast
  • Annual Electric: 1090
  • Annual Fuel Expense: 553
  • Annual Insurance Expense: 1290
  • Annual Maintenance Expense: 6800
  • Annual Water Sewer Expense: 6297

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: North Lawrence Community Schools
  • Elementary School: Parkview
  • Middle School: Bedford
  • High School: Bedford-North Lawrence

Lot Info

  • Lot Description: Slope
  • Lot Dimensions: 181x180
  • Estimated Lot Sq Ft: 31799
  • Estimated Lot Size Acres: 0.73

Rental Info

  • Lease Term: 1 Year
  • Tenant Pays: Electric, Fuel

Multi Family

  • Gross Monthly Rent: 4688
  • Number Of Refrigerators: 10
  • Number Of Units: 10
  • Num Of1 Bedrooms: 4
  • Num Of2 Bedrooms: 6
  • Num Of Units Rented: 8

Tax Info

  • Annual Property Tax: 4400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2019
Closed on
Feb 10, 2022
Sold by
Hillside Bdf Llc
Bought by
Jp 5Th Ventures Llc
Seller's Agent
Amy Rhoda
Revestco LLC
Buyer's Agent
BLOOM NonMember
NonMember BL
List Price
$477,900
Sold Price
$514,402
Premium/Discount to List
$36,502
7.64%
Current Estimated Value
$369,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$144,968
Avg. Annual Appreciation
-8.69%

Purchase Details

Closed on
Aug 27, 2008
Sold by
Treehouse Properties Llc
Bought by
Stickles House Llc

Purchase Details

Closed on
Apr 12, 2006
Sold by
Adams James A
Bought by
Treehouse Properties Llc
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Jp 5Th Ventures Llc $514,402 Titleplus
Stickles House Llc $130,000 Lawrence County Abstract Inc
Stickles House Llc $130,000 Lawrence County Abstract Inc.
Treehouse Properties Llc -- Lawrence County Abstract Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2022 02/10/22 Sold $514,402 -2.0% $107 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
07/10/2020 07/10/20 Price Changed $524,900 +9.8% $109 / Sq Ft
12/08/2019 12/08/19 For Sale $477,900 -- $100 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

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 $8,812 $440,600 $33,600 $407,000
2023 $6,890 $344,500 $32,500 $312,000
2022 $5,880 $294,000 $31,500 $262,500
2021 $5,338 $266,900 $29,900 $237,000
2020 $5,210 $260,500 $28,500 $232,000
2019 $4,560 $228,000 $27,500 $200,500
2018 $4,470 $223,500 $27,000 $196,500
2017 $4,328 $216,400 $26,400 $190,000
2016 $4,298 $214,900 $26,400 $188,500
2014 $4,348 $217,400 $26,400 $191,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201952129

Indiana Regional MLS

APN: 47-06-14-324-032.000-010