NOT LISTED FOR SALE

310 Division St Elkhart, IN 46516

16 Beds
8 Baths
7,920 Sq Ft
0.28 Acres

Last Sold July 30, 2024

Last sale price $500,000 $63 Per Sq Ft

66 Days on Market

Highlights

  • Baseboard Heating
  • Wood Siding
  • 3-minute walk to Ludgwig Corner
  • Level Lot
  • Carpet

About This Home

As of July 2024

Great addition to your investment portfolio. Cash producing 8 unit building with a mix of new and long term tenants. Some units have been updated with new paint and flooring. Off street parking in the rear of the building.

Last Agent to Sell the Property

Michelle Bordeau

SUNRISE Realty Brokerage Phone: 574-339-8199 Listed on: 03/27/2024

Last Buyer's Agent

Jennea Schirr

McKinnies Realty, LLC Elkhart

McKinnies Realty, LLC Elkhart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,339

Year Built

  • Built in 1973

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 50 x 145
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 7,920 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Full Bathrooms

Parking

  • 8 Parking Spaces
  • Off-Street Parking

Schools

  • Mary Beck Elementary School
  • Pierre Moran Middle School
  • Elkhart High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating
  • The owner pays for building insurance, electric, lawn maintenance, maintenance, snow removal, sewer, tax, trash collection, water
  • Assessor Parcel Number 20-06-04-351-007.000-012

Community Details

Overview

  • 8 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 9 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $4,754
  • Insurance Expense $3,297
  • Maintenance Expense $2,500
  • Trash Expense $2,342
  • Water Sewer Expense $3,114

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,339

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Eightplex
  • Year Built: 1973
  • Style: Two Story
  • Bedrooms: 16
  • Total Bathrooms: 8
  • Total Full Bathrooms: 8
  • Legal Description: Beesons 3rd 51Ft W Side Lot 92 & 49 1/2Ft E Side Lot 91 (Tif 110)
  • Parcel Number ID: 20-06-04-351-007.000-012
  • Platted: Yes
  • Amenities: Off Street Parking, Water Heater Electric
  • Special Features: None

Interior Features

  • Total Sq Ft: 7920
  • Total Finished Sq Ft: 7920
  • Above Grade Finished Sq Ft: 7920
  • Flooring: Carpet, Laminate, Vinyl
  • Number Of Ranges Ovens: 8

Exterior Features

  • Exterior: Brick, Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Cooling: Window
  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 4753.51
  • Annual Insurance Expense: 3297
  • Annual Maintenance Expense: 2500
  • Annual Trash Expense: 2342.21
  • Annual Water Sewer Expense: 3113.66
  • Number Electric Meters: 9
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Mary Beck

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50 x 145
  • Estimated Lot Sq Ft: 12197
  • Estimated Lot Size Acres: 0.28

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Building Insurance, Electric, Lawn Maintenance, Maintenance, Snow Removal, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Cooling, Electric, Heating

Tax Info

  • Annual Property Tax: 2338.82

Multi Family

  • Number Of Refrigerators: 8
  • Number Of Units: 8
  • Num Of2 Bedrooms: 5

MLS Schools

  • High School: Elkhart
  • Middle School: Pierre Moran
  • School District: Elkhart Community Schools

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft Prior Sale
07/30/2024 07/30/24 Sold $500,000 -3.8% $63 / Sq Ft
06/01/2024 06/01/24 Pending -- -- --
05/04/2024 05/04/24 For Sale $520,000 +4.0% $66 / Sq Ft
04/23/2024 04/23/24 Off Market $500,000 -- --
03/27/2024 03/27/24 For Sale $520,000 +235.5% $66 / Sq Ft
02/18/2016 02/18/16 Sold $155,000 -13.8% $20 / Sq Ft View Prior Sale
12/30/2015 12/30/15 Pending -- -- --
11/05/2015 11/05/15 For Sale $179,900 -- $23 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michelle Bordeau

    Seller's Agent in 2024

    Michelle Bordeau

    SUNRISE Realty

    (574) 339-8199

    62 Total Sales

    Michelle Bordeau
    Section Image
  • Jennea Schirr

    Buyer's Agent in 2024

    Jennea Schirr

    McKinnies Realty, LLC Elkhart

    (574) 215-9291

    440 Total Sales

    Jennea Schirr
    Section Image
  • Nate Roll

    Seller's Agent in 2016

    Nate Roll

    Rock Auctioneers & Real Estate

    (574) 215-3866

    58 Total Sales

    Nate Roll
    Section Image
  • Pat Roll

    Buyer's Agent in 2016

    Pat Roll

    RE/MAX

    (574) 266-6064

    88 Total Sales

    Pat Roll
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202410129

Indiana Regional MLS
Indiana Elkhart County Elkhart 46516

310 Division St, Elkhart, IN

Not Listed for Sale

MultiFamily

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