NOT LISTED FOR SALE

201 Michigan St Walkerton, IN 46574

6 Beds
5 Baths
3,066 Sq Ft
9,605 Sq Ft Lot

Last Sold March 22, 2024

Last sale price $175,000 $57 Per Sq Ft

206 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Carpet
  • John Glenn High School Rated 9+
  • Wood Siding
  • 1-Story Property

About This Home

As of March 2024

Great addition to your investment portfolio! Two Buildings for a total of 5 Units. Value add opportunity with increasing rents and some TLC. Stable, long term tenants in place. Two Units are on Section 8, one year leases, Two Units are Market Tenants on M2M leases. One Unit is Vacant for your choosing. Tenants pay utilities. Owners pay taxes and insurance. Sold As-Is, Seller will not make any repairs. Cash, HM, DSCR, Conventional Pre-Approved Buyers Only. 24 Hours Notice Required.

Last Agent to Sell the Property

Natashia Bontrager

McKinnies Realty, LLC Brokerage Email: McKinniesRealty@gmail.com Listed on: 08/15/2023

McKinnies Realty, LLC

Last Buyer's Agent

Shannon Lunetta

RE/MAX OAK CREST -PLYMOUTH

RE/MAX OAK CREST -PLYMOUTH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,126

Year Built

  • Built in 1986

Lot Details

  • 9,605 Sq Ft Lot
  • Lot Dimensions are 85 x 113
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Rubber Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 3,066 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Parking

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

Location

  • Suburban Location

Schools

  • Walkerton Elementary School
  • Urey Middle School
  • John Glenn High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating, sewer, trash collection, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 71-16-24-328-001.000-015

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Insurance Expense $3,900
  • Maintenance Expense $3,618

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,126

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1986
  • Age: 38
  • Style: One Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: 85' IN WIDTH X 113.4' IN LENGTH ENTIRE NELY END OF LOT 11 & 12 O P
  • Parcel Number ID: 71-16-24-328-001.000-015
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Countertops-Laminate, Detector-Smoke, Water Heater Gas
  • Cross Street: Roosevelt Rd.
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Paved
  • Sp Lp Percent: 89.74
  • Monthly Gross Income: 2390
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 3066
  • Total Finished Sq Ft: 3066
  • Above Grade Finished Sq Ft: 3066
  • Price Per Sq Ft: 57.08
  • Flooring: Carpet, Laminate
  • Number Of Ranges Ovens: 5

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 5
  • Parking: Paved, Private, Street

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Town of Walkerton
  • Water Company: Town of Walkerton
  • Annual Insurance Expense: 3900
  • Annual Maintenance Expense: 3618.25
  • Number Of W D Hookups: 5

Schools

  • School District: John Glenn School Corp.
  • Elementary School: Walkerton
  • Middle School: Urey
  • High School: John Glenn
  • Elementary School: Walkerton

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 85 X 113
  • Estimated Lot Sq Ft: 9605
  • Estimated Lot Size Acres: 0.2205

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 2390
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Num Of1 Bedrooms: 4
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2126.5

MLS Schools

  • High School: John Glenn
  • Middle School: Urey
  • School District: John Glenn School Corp.

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
03/22/2024 03/22/24 Sold $175,000 -10.3% $57 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
11/22/2023 11/22/23 Price Changed $195,000 -2.0% $64 / Sq Ft
09/08/2023 09/08/23 Price Changed $199,000 -7.4% $65 / Sq Ft
08/15/2023 08/15/23 For Sale $215,000 -- $70 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Natashia Bontrager

    Seller's Agent in 2024

    Natashia Bontrager

    McKinnies Realty, LLC

    (574) 202-2752

    136 Total Sales

    Natashia Bontrager
    Section Image
  • Shannon Lunetta

    Buyer's Agent in 2024

    Shannon Lunetta

    RE/MAX

    (574) 780-6683

    119 Total Sales

    Shannon Lunetta
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202329188

Indiana Regional MLS

Indiana St Joseph County Walkerton 46574

201 Michigan St, Walkerton, IN

This home is located at 201 Michigan St, Walkerton, IN 46574 since 15 August 2023. This property was built in 1986. 201 Michigan St is a home located in St. Joseph County with nearby schools including John Glenn 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.

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