NOT LISTED FOR SALE

305 W Main St Arcadia, IN 46030

-- Bed
-- Bath
-- Sq Ft
0.55 Acres

Last Sold August 02, 2022

Last sale price $900,000

1 Day on Market

About This Home

As of August 2022

Excellent investment opportunity. Twelve one bedroom apartments in six brick, single story, duplex units have 100% occupancy for years, with very low turnover rate. Centrally located in the growing Arcadia community. The complex currently participates in the USDA Voucher program for all of the current tenants at preset rental terms ($847/month). All units are extremely well maintained, but at reasonable annual expense. Roofs are 14 years old. Water, sewer and trash services are provided. All electric units are individually metered and tenant paid. Refrigerator, stove and washer/dryer hookups are provided. Baseboard heat. Tenants provide window A/C units. Cable available.

Last Agent to Sell the Property

Roger Brackett

Fathom Realty Listed on: 07/01/2022

Fathom Realty

Co-Listed By

Ladonna Brackett

Fathom Realty

Last Buyer's Agent

Audra Cannon

CRM Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,352

Year Built

  • Built in 1975

Lot Details

  • 0.55 Acre Lot
  • Partially Fenced Property
  • Privacy Fence

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1-Story Property
  • Crawl Space

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for inshazard, lawncare, taxes, sewer, trash collection, water
  • Assessor Parcel Number 290224201023000009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,352

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Sub Type: Commercial Units - 5+
  • Architectural Style: Other
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1975
  • Co List Office Phone: 888-455-6040
  • Lot Size Acres: 0.55
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Apartment Complex
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: LeadBasePaint
  • Transaction Type: Sale
  • Unit Count: 1
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: One
  • Owner Pays: InsHazard, Lawncare, Taxes, Sewer, Trash Collection, Water
  • Possible Use: Apt<20, Residential
  • Sq Ft Main Upper: 0
  • Gross Area Sq Ft: 7200
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Fence Partial, Fence Privacy
  • Foundation Details: Crawl Space, Slab
  • List Price: 854000
  • Road Access: CityStreet
  • Roof: Asphalt shingles, 14 years old

Garage/Parking

  • Unit Parking: On Street,Parking Lot,Paved Area

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 20841
  • Insurance Expenses: 3662

Lot Info

  • Property Attached Yn: Yes
  • Current Use: Apt<20
  • Parcel Number: 290224201023000009
  • Zoning: Residential
  • Acres: 1/2-1 Acre
  • Lot Information: Access Street,Curbs,Sidewalks,Street Lights,Tree Mature
  • Lot Number: 1
  • Lot Size: 23,958

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Net Operating Income: 101127
  • Number Of Units Total: 12

Tax Info

  • Tax Annual Amount: 3352
  • Semi Annual Property Tax Amt: 1676
  • Tax Exemption: None

MLS Schools

  • School District: Hamilton Heights
  • Schools: Hamilton Heights Elementary,Hamilton Heights High,Hamilton Heights Middle

Range of Values:

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List Price
Sold Price
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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
08/02/2022 08/02/22 Sold $900,000 +5.4% --
07/03/2022 07/03/22 Pending -- -- --
07/01/2022 07/01/22 For Sale $854,000 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Roger Brackett

    Fathom Realty

    Section Image

  • L

    Seller Co-Listing Agent in 2022

    Ladonna Brackett

    Fathom Realty

    Section Image

  • A

    Buyer's Agent in 2022

    Audra Cannon

    CRM Properties, Inc.

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21865222

MIBOR Broker Listing Cooperative®

Indiana Hamilton County Arcadia 46030

305 W Main St, Arcadia, IN

This home is located at 305 W Main St, Arcadia, IN 46030 since 01 July 2022. This property was built in 1975. 305 W Main St is a home located in Hamilton County with nearby schools including Hamilton Heights Primary School, Hamilton Heights Elementary School, and Hamilton Heights Middle School.

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MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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