NOT LISTED FOR SALE

2203 W State Road 14 Rochester, IN 46975

14 Beds
9 Baths
7,878 Sq Ft
0.54 Acres

Last Sold September 07, 2018

Last sale price $410,000 $52 Per Sq Ft

94 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Lake Property
  • Forced Air Heating and Cooling System
  • Pier or Dock
  • Patio
  • Waterski or Wakeboard

About This Home

As of September 2018

Great Lake Manitou LAKEFRONT Investment opportunity!!! 8 Extremely well maintained rental units grossing over $45K per year. All 4 buildings have been remodeled and have always been rented for many years. All appliances including washers & dryers included. There is enough lake frontage for 4 piers to enjoy the lake living.

Last Agent to Sell the Property

Michelle Langdon

COLLINS and CO REALTORS - PLYMOUTH Listed on: 05/26/2018

Last Buyer's Agent

Justin Books

Perfect Location Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,852

Year Built

  • Built in 1980

Lot Details

  • 0.54 Acre Lot
  • 200 Feet of Waterfront
  • Lake Front

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Water Views

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 9 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • 2 Bathrooms in Basement
  • 7 Bedrooms in Basement

Parking

  • 16 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Waterski or Wakeboard
  • Seawall
  • Lake Property
  • Lake, Pond or Stream
  • Patio

Schools

  • Columbia / Riddle Elementary School
  • Rochester Middle School
  • Rochester High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable, electric, heating
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 25-07-10-175-003.000-009

Community Details

Overview

  • 4 Buildings
  • 8 Units

Recreation

  • Pier or Dock

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Insurance Expense $4,960
  • Maintenance Expense $4,200
  • Trash Expense $996
  • Water Sewer Expense $3,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,852

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Eightplex
  • Waterfront: Yes
  • Year Built: 1980
  • Bedrooms: 14
  • Total Bathrooms: 9
  • Total Full Bathrooms: 9
  • Legal Description: 25-07-10-175-003.00-009 | 25-07-10-175-004.00-009
  • Parcel Number ID: 25-07-10-175-003.000-009
  • Platted: Yes
  • Amenities: Off Street Parking, Deck Open, Patio Open
  • Location: Lake, Within 1 Mile to Airport
  • Number Below Grade Bedrooms: 7
  • Parcel Id2: 250710175004000009
  • Special Features: None

Interior Features

  • Total Sq Ft: 7878
  • Total Finished Sq Ft: 7878
  • Above Grade Finished Sq Ft: 5358
  • Below Grade Finished Sq Ft: 2520
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement
  • Flooring: Mixed
  • Number Below Grade Bathrooms: 2
  • Total Below Grade Sq Ft: 2520
  • Number Of Ranges Ovens: 8
  • Number Ttl Rooms Below Grade: 7

Exterior Features

  • Exterior: Vinyl
  • Lake Type: Ski Lake
  • Sea Wall Type: Concrete
  • Water Features: Pier/Dock Available
  • Water Frontage: 200
  • Water Name: Manitou Lake
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 16
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana, NIPSCO
  • Water Type: Lake
  • Annual Insurance Expense: 4960
  • Annual Maintenance Expense: 4200
  • Annual Trash Expense: 996
  • Annual Water Sewer Expense: 3300
  • Number Of W D Hookups: 8

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Columbia / Riddle

Lot Info

  • Lot Description: Lake, Waterfront, 0-2.9999, Water View, Waterfront-Level Bank
  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 23522
  • Estimated Lot Size Acres: 0.54

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable, Electric, Heating

Multi Family

  • Water Access: Lakefront
  • Number Of Dishwashers: 1
  • Number Of Dryers: 8
  • Number Of Refrigerators: 8
  • Number Of Units: 8
  • Number Of Washers: 8
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 4

Tax Info

  • Annual Property Tax: 7852

MLS Schools

  • High School: Rochester
  • Middle School: Rochester
  • School District: Rochester Community 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 List to Sale Price per Sq Ft
09/07/2018 09/07/18 Sold $410,000 -8.9% $52 / Sq Ft
08/28/2018 08/28/18 Pending -- -- --
05/26/2018 05/26/18 For Sale $450,000 -- $57 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michelle Langdon

    Seller's Agent in 2018

    Michelle Langdon

    COLLINS and CO REALTORS - PLYMOUTH

    (574) 936-6842

    83 Total Sales

    Michelle Langdon
    Section Image

  • J

    Buyer's Agent in 2018

    Justin Books

    Perfect Location Realty

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201822308

Indiana Regional MLS
Indiana Fulton County Rochester 46975

2203 W State Road 14, Rochester, IN

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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