NOT LISTED FOR SALE

408 N Washington St Angola, IN 46703

36 Beds
36 Baths
19,737 Sq Ft
1.75 Acres

Last Sold March 06, 2019

Last sale price $700,000 $35 Per Sq Ft

Highlights

  • Forced Air Heating System
  • Level Lot
  • 1-Story Property

About This Home

As of March 2019

35 - 1 BEDROOM APARTMENTS AND 1 - 2 BEDROOM APARTMENT. TENANT PAYS ELECTRIC AND IS METERED SEPARATELY. ONE BUILDING HAS NEW METAL ROOF. THREE LAUNDRY ROOM. EXCELLENT CASH FLOW!!!

Last Listed By

David Stafford

Indiana Real Estate Listed on: 03/05/2019

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $12,587

Year Built

  • Built in 1960

Lot Details

  • 1.75 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 19,737 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 36 Bedrooms
  • 36 Full Bathrooms

Parking

  • 50 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Carlin Park Elementary School
  • Angola Middle School
  • Angola High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for fuel, lawn maintenance, snow removal, trash collection, water
  • Assessor Parcel Number 76-06-26-130-113.000-012

Community Details

Overview

  • 3 Buildings
  • 36 Units
  • E L Morse Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $1,622
  • Fuel Expense $8,100
  • Insurance Expense $4,500
  • Maintenance Expense $19,000
  • Trash Expense $6,700
  • Water Sewer Expense $24,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$12,587

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1960
  • Age: 59
  • Style: One Story
  • Bedrooms: 36
  • Number Above Grade Bedrooms: 36
  • Total Bathrooms: 36
  • Total Full Bathrooms: 36
  • Legal Description: EL MORSE S 75X198 LOT 127 AND LOTS 128, 129 & 130.
  • Parcel Number ID: 76-06-26-130-113.000-012
  • Platted: Yes
  • Amenities: Off Street Parking
  • Location: City/Town/Suburb
  • Sp Lp Percent: 93.46
  • Annual Miscellaneous: 3000
  • Monthly Gross Income: 16250
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 19737
  • Total Finished Sq Ft: 19737
  • Above Grade Finished Sq Ft: 19737
  • Price Per Sq Ft: 35.47
  • Basement Foundation: Slab
  • Flooring: Mixed
  • Number Of Ranges Ovens: 36

Exterior Features

  • Exterior: Brick
  • Roof Material: Metal, Shingle
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 50
  • Parking: Off Street

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Electricity, Gas, Forced Air, Radiant
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1622
  • Annual Fuel Expense: 8100
  • Annual Insurance Expense: 4500
  • Annual Maintenance Expense: 19000
  • Annual Trash Expense: 6700
  • Annual Water Sewer Expense: 24000
  • Number Of W D Hookups: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: MSD of Steuben County
  • Elementary School: Carlin Park
  • Middle School: Angola
  • High School: Angola
  • Elementary School: Carlin Park

Lot Info

  • Lot Description: Level
  • Estimated Lot Sq Ft: 76230
  • Estimated Lot Size Acres: 1.75

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Fuel, Lawn Maintenance, Snow Removal, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 16200
  • Number Of Refrigerators: 36
  • Number Of Units: 36
  • Num Of1 Bedrooms: 35
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 34

Tax Info

  • Annual Property Tax: 12587.12

MLS Schools

  • High School: Angola
  • Middle School: Angola
  • School District: MSD of Steuben County

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
03/06/2019 03/06/19 Sold $700,000 -6.5% $35 / Sq Ft
03/05/2019 03/05/19 Pending -- -- --
03/05/2019 03/05/19 For Sale $749,000 -- $38 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201907598

Indiana Regional MLS