NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
2.07 Acres

Last Sold December 30, 2021

Last sale price $1,100,000

1 Day on Market

About This Home

As of December 2021

Great investment opportunity. 20 fully rented apartments in 5 separate buildings. Sits on over 2 acres of land. All apartments are well maintained. Some have been updated with vinyl flooring and appliances. Each unit is individually metered for electric, water and sewer. Renters are responsible for these utilities. These apartments do qualify for Section 8. Monthly rental is $495 per apartment. Great potential for a steady income. Complex is fully rented at this time.

Last Agent to Sell the Property

Maureen Talbott

Carpenter, REALTORS® License #RB14041938 Listed on: 11/11/2021

Carpenter, REALTORS®

Last Buyer's Agent

Chandan Saha

United Real Estate Indpls

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,624

Year Built

  • 2003

Lot Details

  • 2.07

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,624

Year Built

2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Commercial Units - 5+
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 1
  • Conversion: 0
  • Architectural Style: Multi-Level, TraditonalAmerican
  • Directions: S Macedonia Ave to E 29th St turn Rt. Left on Meeker Ave then left on E18th St.
  • New Construction: No
  • Structure Type: Apartment Complex
  • Subdivision Name: NO SUBDIVISION
  • Special Features: None
  • Year Built: 2003

Interior Features

  • Sq Ft Main Upper: 0
  • Laundry: Connections All
  • Owner Pays: AlarmSec, InsHazard, Insurance, Lawncare, Taxes

Exterior Features

  • Exterior Features: Driveway Asphalt
  • Construction Type: Vinyl Siding
  • Disclosures: Not Applicable

Garage/Parking

  • Unit Parking: Parking Lot,Paved Area

Utilities

  • Solid Waste: 1

Lot Info

  • Acres: 1-3 Acres
  • Lot Information: Access Street,Sidewalks
  • Lot Number: 0
  • Lot Size: 0

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity, Insurance, Sewer, Water

Tax Info

  • Semi Annual Property Tax Amt: 4812
  • Tax Exemption: None
  • Tax Annual Amount: 9624
  • Tax Year: 2020

Multi Family

  • Number Of Units Total: 20

MLS Schools

  • School District: Muncie Community
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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 List to Sale Price per Sq Ft
12/30/2021 12/30/21 Sold $1,100,000 -6.4% --
11/13/2021 11/13/21 Pending -- -- --
11/11/2021 11/11/21 For Sale $1,175,000 -- --
Source: MIBOR Broker Listing Cooperative®

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 $15,385 $700,000 $85,000 $615,000
2023 $18,301 $838,000 $83,000 $755,000
2022 $19,183 $857,400 $83,000 $774,400
2021 $10,097 $442,400 $62,200 $380,200
2020 $10,219 $448,500 $62,200 $386,300
2019 $10,339 $454,500 $62,200 $392,300
2018 $10,699 $472,500 $62,200 $410,300
2017 $10,671 $471,200 $62,200 $409,000
2016 $10,948 $482,100 $62,200 $419,900
2014 $10,281 $474,600 $62,200 $412,400
2013 -- $459,100 $62,200 $396,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21823217

MIBOR Broker Listing Cooperative®
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