NOT LISTED FOR SALE

202 N Meridian St Portland, IN 47371

-- Bed
-- Bath
18,099 Sq Ft
6,534 Sq Ft Lot

Last Sold November 11, 2013

Last sale price $100,000 $6 Per Sq Ft

28 Days on Market

Highlights

  • Double Pane Windows
  • Hot Water Heating System
  • Level Lot

About This Home

As of November 2013

RITZ Theatre- Own your own movie theatre! Dont miss out on this great opportunity. This unique investment has the potential to be a true money maker! 14 apartments encompass the upper two floors of this 3-story building, with an avg. of 95-100% occupancy rate. Some tenants have been there for over 20 years. All the apartments have newer windows and a newer boiler heat system. The second floor also offers a coin operated laundry room and office space for owner. This building also features a full useable basement with access from the front entrance or from the lobby of the theatre. This huge unfinished space could be used for added storage or bonus space for an arcade. Let your imagination run wild on the possibilities.

Last Agent to Sell the Property

Heather Clemmons

Starr Real Estate LLC Listed on: 09/20/2013

Last Buyer's Agent

Heather Clemmons

Starr Real Estate LLC Listed on: 09/20/2013

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1874

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x132
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 3-Story Property
  • Double Pane Windows
  • Basement Fills Entire Space Under The House
  • Washer Hookup

Parking

  • Driveway
  • Paved Parking

Schools

  • Judge Haynes Elementary School
  • East Jay County Middle School
  • Jay County High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, fuel, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 380720104067000034

Community Details

Overview

  • 8 Units

Building Details

  • Fuel Expense $3,000
  • Insurance Expense $5,200
  • Water Sewer Expense $4,000

Property Details

Home Type

Apartment

Year Built

Built in 1874

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1874
  • Age: 140
  • Style: Three Story
  • Legal Description: S 50' OF LOTS 5 & 6 BLK 90 |
  • Parcel Number ID: 380720104067000034
  • Platted: Yes
  • Amenities: Basement, Cable Ready, Water Heater Electric, Washer Hook-Up
  • Zoning Description: COMMERCIAL
  • Special Features: None
  • Stories: 3

Interior Features

  • Total Sq Ft: 24699
  • Total Finished Sq Ft: 18099
  • Above Grade Finished Sq Ft: 18099
  • Below Grade Sq Ft: 6600
  • Price Per Sq Ft: 5.53
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Main Level Sq Ft: 6600
  • Total Below Grade Sq Ft: 6600

Exterior Features

  • Exterior: Brick
  • Roof Material: Rubber

Garage/Parking

  • Driveway: Asphalt
  • Parking: Paved

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Hot Water
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: Ohio Valley Gas Corp
  • Annual Fuel Expense: 3000
  • Annual Insurance Expense: 5200
  • Annual Water Sewer Expense: 4000

Schools

  • Elementary School: Judge Haynes
  • Middle School: East Jay County
  • High School: Jay County
  • Elementary School: Judge Haynes

Lot Info

  • Lot Description: Level, Flood Plain
  • Lot Dimensions: 50x132
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows

Rental Info

  • Owner Pays: Building Insurance, Fuel, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 121300
  • Annual Property Tax: 3718

Multi Family

  • Number Of Units: 8

MLS Schools

  • High School: Jay County
  • Middle School: East Jay County

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
11/11/2013 11/11/13 Sold $100,000 -55.6% $6 / Sq Ft
10/18/2013 10/18/13 Pending -- -- --
09/20/2013 09/20/13 For Sale $225,000 -- $12 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Heather Clemmons

    Seller's Agent in 2013

    Heather Clemmons

    Starr Real Estate LLC

    (765) 288-1711

    7 in this area

    490 Total Sales

    Heather Clemmons
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Map

Source: Indiana Regional MLS

MLS Number: 20021488

Indiana Regional MLS
Indiana Jay County Portland 47371

202 N Meridian St, Portland, IN

This home is located at 202 N Meridian St, Portland, IN 47371 since 20 September 2013. This property was built in 1874. 202 N Meridian St is a home located in Jay County with nearby schools including Jay County High School and Jay County Christian Academy.

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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