NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
26,136 Sq Ft Lot

Last Sold April 22, 2017

Last sale price $224,300

34 Days on Market

About This Home

As of April 2017

6 unit apartment building, each unit featuring 1 bdrm and 1 bath. Recent upgrades include new roof(2017), water heater(2016), windows(2014),sewer(2014) and all units except 1 have had interior upgrades within the last 2 years. Tenants pay electric, landlord pays sewer and gas heat which is supplied by a very economical hot water boiler system. Net profit of $33,000 a year, occupancy rates are close to 100%. Property does lie in a flood zone, but has never flooded.

Last Agent to Sell the Property

Dean Ehrgott

Tower 1 Realty License #RB14033690 Listed on: 02/20/2017

Last Buyer's Agent

Dean Ehrgott

Tower 1 Realty License #RB14033690 Listed on: 02/20/2017

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,436

Year Built

  • Built in 1963

Lot Details

  • 0.6

Home Design

  • Brick Exterior Construction
  • Block Foundation

Additional Features

  • 1-Story Property
  • 0.6 Acre Lot

Listing and Financial Details

  • Tenant pays for electricity, insurance
  • The owner pays for insurance, lawncare, taxes, sewer, trash collection
  • Assessor Parcel Number 491123115014000101

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,436

Year Built

Built in 1963

Lot Details

0.6 Acres

Listing Details

  • Property Sub Type: 5+Units Commercial
  • Architectural Style: ApartBldg
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2015
  • Year Built: 1963
  • Lot Size Acres: 0.6
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: 6 unit apartment building, each unit featuring 1 bdrm and 1 bath. Recent upgrades include new roof(2017), water heater(2016), windows(2014),sewer(2014) and all units except 1 have had interior upgrades within the last 2 years. Tenants pay electric, landlord pays sewer and gas heat which is supplied by a very economical hot water boiler system. Net profit of $33,000 a year, occupancy rates are close to 100%. Property does lie in a flood zone, but has never flooded.
  • Transaction Type: Sale
  • Unit Count: 6
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: Insurance, Lawncare, Taxes, Sewer, Trash Collection
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • Road Access: CityStreet

Garage/Parking

  • Unit Parking: Guest Parking,Parking Lot,Paved Area

Utilities

  • Solid Waste: 0

Lot Info

  • Parcel Number: 491123115014000101
  • Acres: 1/2-1 Acre
  • Lot Information: Access Street,Sidewalks,Tree Mature
  • Lot Number: n/a
  • Lot Size: 24000

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity, Insurance

Multi Family

  • Net Operating Income: 33100

Tax Info

  • Tax Annual Amount: 2436
  • Semi Annual Property Tax Amt: 1218
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools
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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
04/22/2017 04/22/17 Sold $224,300 -12.0% --
03/27/2017 03/27/17 Pending -- -- --
02/20/2017 02/20/17 For Sale $255,000 -- --
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
2025 $4,696 $227,900 $73,600 $154,300
2024 $3,948 $197,900 $73,600 $124,300
2023 $3,948 $155,100 $36,800 $118,300
2022 $3,298 $131,300 $36,800 $94,500
2021 $2,976 $120,700 $33,400 $87,300
2020 $2,980 $120,700 $33,400 $87,300
2019 $2,936 $116,800 $33,400 $83,400
2018 $2,954 $116,800 $33,400 $83,400
2017 $2,611 $115,200 $33,400 $81,800
2016 $2,456 $110,600 $33,400 $77,200
2014 $2,342 $108,300 $33,400 $74,900
2013 $2,252 $108,300 $33,400 $74,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21462539

MIBOR Broker Listing Cooperative®
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