Seller's Agent in 2012
Nathan Reeder
Reeder Companies
(219) 989-4049
11 in this area
27 Total Sales
35 Carroll St Hammond, IN 46320
4
Beds
7
Baths
2,200
Sq Ft
1910
Built
Highlights
- Home Security System
- Hot Water Heating System
- Fenced
About This Home
As of March 2012***Professionally managed building has been well cared for and is a turn key operation*** ***6/7 units have been updated for easy turnover, the 7th unit has a long time tenant*** ***Over 11% Cap Rate and 20% Cash on Cash Return with room for a savvy investor to eliminate expense, increase cash flow, and realize greater returns*** NEW SIDING; NEW ROOF; NEW APPLIANCES; 100% OCCUPANCY; LOW ANNUAL TURNOVER COSTS; HIGH RENTAL AREA. 4 STUDIO, 2 ONE BEDROOM, AND 1 TWO BEDROOM UNITS. ***BONUS*** ***UNIT #8 NEEDS COMPLETE BUILDOUT. REPRESENTS POTENTIAL FOR ANOTHER $6000 GROSS ANNUAL INCOME*** Subject to bank approval of short sale.
Last Agent to Sell the Property
Reeder Companies License #RB14034744 Listed on: 11/23/2011
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910
Interior Spaces
- 2,200 Sq Ft Home
- Elevator
- Home Security System
- Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 7 Full Bathrooms
Lot Details
- Fenced
Utilities
- No Cooling
- Hot Water Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $38,189
- Rent includes electricity, gas, trash collection, water
- Assessor Parcel Number 263602350010
Community Details
Overview
- 7 Units
- Harrison Park Subdivision
Building Details
- Electric Expense $2,600
- Insurance Expense $2,400
- Trash Expense $834
- Water Sewer Expense $164
- New Taxes Expense $6,211
- Gross Income $987
- Net Operating Income $16,369
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/07/2012 03/07/12 | Sold | $65,000 | 0.0% | $30 / Sq Ft |
| 02/06/2012 02/06/12 | Pending | -- | -- | -- |
| 11/23/2011 11/23/11 | For Sale | $65,000 | -- | $30 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
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 | $4,187 | $220,800 | $20,800 | $200,000 |
| 2024 | $6,118 | $205,400 | $20,800 | $184,600 |
| 2023 | $3,374 | $128,000 | $20,800 | $107,200 |
| 2022 | $3,374 | $125,900 | $20,000 | $105,900 |
| 2021 | $3,201 | $118,100 | $20,000 | $98,100 |
| 2020 | $3,107 | $113,800 | $20,000 | $93,800 |
| 2019 | $3,723 | $107,500 | $20,000 | $87,500 |
| 2018 | $3,501 | $108,400 | $20,000 | $88,400 |
| 2017 | $4,142 | $112,600 | $20,000 | $92,600 |
| 2016 | $3,469 | $108,600 | $20,000 | $88,600 |
| 2014 | $3,223 | $102,900 | $20,400 | $82,500 |
| 2013 | $3,012 | $101,600 | $20,400 | $81,200 |
Source: Public Records
Agents Affiliated with this Home
-
Nathan Reeder
-
Colleen Ehrenzeller
Buyer's Agent in 2012
Colleen Ehrenzeller
BHHS Executive Realty
(219) 742-9933
22 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 297855
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Based on information submitted to the MLS GRID
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