NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
0.6 Acre Lot

Sale Details

Date 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

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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
  • 26,136 Sq Ft 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2019
Sold by
Bought by

Purchase Details

Listed on
Feb 20, 2017
Closed on
Apr 20, 2017
Sold by
Bought by
Seller's Agent
Dean Ehrgott
Tower 1 Realty
Buyer's Agent
Dean Ehrgott
Tower 1 Realty
List Price
$255,000
Sold Price
$224,300
Premium/Discount to List
-$30,700
-12.04%

Purchase Details

Closed on
Sep 9, 2014
Sold by
Bought by

Purchase Details

Closed on
Jan 22, 2010
Sold by
Bought by

Purchase Details

Closed on
May 29, 2009
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$116,800 --
$224,300 Abstract & Title
$224,300 --
-- None Available
-- None Available
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21462539

MIBOR Broker Listing Cooperative®
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