NOT LISTED FOR SALE

227 W Mechanic St Bloomfield, IN 47424

10 Beds
5 Baths
5,713 Sq Ft
9,148 Sq Ft Lot

Last Sold March 21, 2017

Last sale price $140,000 $25 Per Sq Ft

114 Days on Market

Highlights

  • Ceiling Fan
  • Level Lot
  • Carpet
  • Baseboard Heating

About This Home

As of March 2017

100% RENTED! 5 UNIT BRICK APARTMENT COMPLEX LOCATED IN A QUIET NEIGHBORHOOD CLOSE FOR CRANE OR BLOOMINGTON COMMUTERS. EACH UNIT OFFERS TWO BEDROOMS, BATHROOM, KITCHEN AND LIVING ROOM. BASEMENT LEVEL OFFERS ONE UNIT AND COIN LAUNDRY AREA. MAIN LEVEL HAS TWO UNITS AND THE UPPER LEVEL HAS TWO UNITS. NEW BOILER IN 2016.

Last Listed By

Natasha Johns

Williams Carpenter Realtors Listed on: 09/07/2016

Williams Carpenter Realtors

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,042

Year Built

  • Built in 1951

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 67x134
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 5,713 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Block Basement Construction
  • 1 Bathroom in Basement
  • 2 Bedrooms in Basement

Parking

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

Location

  • Suburban Location

Schools

  • Bloomfield Elementary And Middle School
  • Bloomfield High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 28-08-23-333-115.000-025

Community Details

Overview

  • 5 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $1,600
  • Insurance Expense $634
  • Maintenance Expense $2,135
  • Water Sewer Expense $2,060

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,042

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1951
  • Age: 65
  • Style: Two Story
  • Bedrooms: 10
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: 025-00760-00 ORIG LOT 164 |
  • Parcel Number ID: 28-08-23-333-115.000-025
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Water Heater Gas
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 2
  • Section Number: 23
  • Sp Lp Percent: 93.4
  • Monthly Gross Income: 2400
  • Year Taxes Payable: 2016
  • Special Features: None

Interior Features

  • Total Sq Ft: 5713
  • Total Finished Sq Ft: 5713
  • Above Grade Finished Sq Ft: 5713
  • Price Per Sq Ft: 24.51
  • Basement: Yes
  • Basement Foundation: Unfinished, Walk-Out Basement
  • Basement Material: Block
  • Flooring: Carpet, Laminate
  • Number Below Grade Bathrooms: 1
  • Number Of Ranges Ovens: 5
  • Number Ttl Rooms Below Grade: 5

Exterior Features

  • Exterior: Brick
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 7
  • Parking: Gravel

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Bloomfield REMC
  • Water Company: Eastern Heights Utilities
  • Annual Electric: 1600
  • Annual Insurance Expense: 634
  • Annual Maintenance Expense: 2135
  • Annual Water Sewer Expense: 2060
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Bloomfield S.D.
  • Elementary School: Bloomfield
  • Middle School: Bloomfield
  • High School: Bloomfield
  • Elementary School: Bloomfield

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 67X134
  • Estimated Lot Sq Ft: 9148
  • Estimated Lot Size Acres: 0.21

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 2400
  • Number Of Dryers: 1
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 5
  • Num Of Units Rented: 5

Tax Info

  • Annual Property Tax: 2042

MLS Schools

  • High School: Bloomfield
  • Middle School: Bloomfield
  • School District: Bloomfield S.D.

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
03/21/2017 03/21/17 Sold $140,000 -6.6% $25 / Sq Ft
12/30/2016 12/30/16 Pending -- -- --
09/07/2016 09/07/16 For Sale $149,900 -- $26 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201641731

Indiana Regional MLS