$500,000
SOLD JUL 30, 2024

310 Division St Elkhart, IN 46516

16 Beds
8 Baths
7,920 Sq Ft
0.28 Acres

Recently Sold

$63 Per Sq Ft

4% Below List Price

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

  • Pet Restriction

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
  • Age: 51
  • Style: Two Story
  • Bedrooms: 16
  • Number Above Grade 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
  • Sp Lp Percent: 96.15
  • Annual Miscellaneous: 7370
  • Monthly Gross Income: 6142
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 7920
  • Total Finished Sq Ft: 7920
  • Above Grade Finished Sq Ft: 7920
  • Price Per Sq Ft: 63.13
  • 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

  • School District: Elkhart Community Schools
  • Elementary School: Mary Beck
  • Middle School: Pierre Moran
  • High School: Elkhart
  • 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

Multi Family

  • Gross Monthly Rent: 6141.66
  • Number Of Refrigerators: 8
  • Number Of Units: 8
  • Num Of2 Bedrooms: 5
  • Number Of 3 Bedrooms: 3
  • Num Of Units Rented: 6

Tax Info

  • Annual Property Tax: 2338.82

MLS Schools

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

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
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
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

    59 Total Sales

    Michelle Bordeau
    Section Image
  • Jennea Schirr

    Buyer's Agent in 2024

    Jennea Schirr

    McKinnies Realty, LLC Elkhart

    (574) 215-9291

    452 Total Sales

    Jennea Schirr
    Section Image
  • Nate Roll

    Seller's Agent in 2016

    Nate Roll

    Rock Auctioneers & Real Estate

    (574) 215-3866

    67 Total Sales

    Nate Roll
    Section Image
  • Pat Roll

    Buyer's Agent in 2016

    Pat Roll

    RE/MAX

    (574) 266-6064

    91 Total Sales

    Pat Roll
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202410129

Indiana Regional MLS

Indiana Elkhart County Elkhart 46516

310 Division St, Elkhart, IN

This home is located at 310 Division St, Elkhart, IN 46516 and is currently priced at $500,000, approximately $63 per square foot. This property was built in 1973. 310 Division St is a home located in Elkhart County with nearby schools including Riverview Elementary School, Pierre Moran Middle School, and Elkhart High School's Freshman Division.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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