$253,000
SOLD MAY 12, 2016

509 S Main St Churubusco, IN 46723

11 Beds
11 Baths
6,032 Sq Ft
0.58 Acres

Recently Sold

$42 Per Sq Ft

11% Below List Price

56 Days on Market

Highlights

  • Open Floorplan
  • Corner Lot
  • Baseboard Heating
  • Backs to Open Ground
  • Eat-In Kitchen
  • Storm Doors

About This Home

As of June 2021

Excellent investment opportunity with this 11 unit apartment complex consisting of 3-one story building. 2 buildings have 4 units each and 1 building has 3 units. All units are 1 bath, kitchen, living room and 1 bedroom. All have electric baseboard heat with 1 wall air conditioner. Each unit has an electric range and refrigerator. Approximately 14 private parking spots (stone base). All units rented in town of Churubusco.

Last Agent to Sell the Property

Greg Fahl

Orizon Real Estate, Inc. Listed on: 01/21/2016

Last Buyer's Agent

Bedford NonMember

NonMember BED

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,080

Year Built

  • Built in 1967

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 81x314
  • Backs to Open Ground
  • Corner Lot
  • Level Lot

HOA Fees

  • $49 per month

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Carpet
  • Storm Doors

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Full Bathrooms

Parking

  • 14 Parking Spaces
  • Private Parking
  • Unpaved Parking
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Churubusco Elementary And Middle School
  • Churubusco High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cooling, deposit value, electric, heating, sewer, trash collection
  • The owner pays for building insurance, lawn maintenance, maintenance, snow removal, tax
  • Assessor Parcel Number 92-04-13-530-006.000-010

Community Details

Overview

  • $49 Other Monthly Fees
  • 3 Buildings
  • 11 Units

Pet Policy

  • Pet Restriction

Building Details

  • 12 Separate Electric Meters
  • 11 Separate Water Meters
  • Electric Expense $605
  • Insurance Expense $2,315
  • Maintenance Expense $2,505
  • Water Sewer Expense $1,411

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,080

Year Built

Built in 1967

Lot Details

0

HOA Fees

$49 per month

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1967
  • Age: 49
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 11
  • Number Above Grade Bedrooms: 11
  • Total Bathrooms: 11
  • Total Full Bathrooms: 11
  • Legal Description: N2 Lot 6 Decks 6th Addition |
  • Parcel Number ID: 92-04-13-530-006.000-010
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Countertops-Laminate, Eat-In Kitchen, Open Floor Plan, Storm Doors, Water Heater Electric
  • Cross Street: Maple Lane
  • Location: City/Town/Suburb
  • Sp Lp Percent: 88.77
  • Annual Miscellaneous: 2008
  • Monthly Gross Income: 3850
  • Year Taxes Payable: 2015
  • Special Features: None

Interior Features

  • Total Sq Ft: 6032
  • Total Finished Sq Ft: 6032
  • Above Grade Finished Sq Ft: 6032
  • Price Per Sq Ft: 41.94
  • Flooring: Carpet
  • Main Level Sq Ft: 6032
  • Number Of Ranges Ovens: 11

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 14
  • Parking: Private, Unpaved

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 605
  • Annual Insurance Expense: 2315
  • Annual Maintenance Expense: 2505
  • Annual Water Sewer Expense: 1411
  • Number Electric Meters: 12
  • Number Water Meters: 11

Condo/Co-op/Association

  • Other Fee Description: Recycle Fee
  • Other Fees Dollar: 583
  • Pet Restrictions: Yes

Schools

  • School District: Smith-Green Community
  • Elementary School: Churubusco
  • Middle School: Churubusco
  • High School: Churubusco
  • Elementary School: Churubusco

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 81x314
  • Estimated Lot Sq Ft: 25265
  • Estimated Lot Size Acres: 0.58
  • Lot Number: 6

Green Features

  • Energy Efficient Windows/Doors: Storm Doors

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal, Tax
  • Tenant Pays: Cooling, Deposit Value, Electric, Heating, Sewer, Trash Collection

Multi Family

  • Gross Monthly Rent: 3850
  • Number Of Refrigerators: 11
  • Number Of Units: 11
  • Num Of1 Bedrooms: 11
  • Num Of Units Rented: 11

Tax Info

  • Annual Property Tax: 4080

MLS Schools

  • High School: Churubusco
  • Middle School: Churubusco
  • School District: Smith-Green Community

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
06/18/2021 06/18/21 Sold $450,000 +2.4% $75 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
05/16/2021 05/16/21 For Sale $439,500 +73.7% $73 / Sq Ft
05/12/2016 05/12/16 Sold $253,000 -11.2% $42 / Sq Ft
03/17/2016 03/17/16 Pending -- -- --
01/21/2016 01/21/16 For Sale $285,000 -- $47 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jihan Rachel Brooks

    Seller's Agent in 2021

    Jihan Rachel Brooks

    DRH Realty of Indiana, LLC

    (260) 760-1087

    108 Total Sales

    Jihan Rachel Brooks
    Section Image

  • D

    Seller Co-Listing Agent in 2021

    Daniel Brooks

    Empower Property Group

    (260) 222-1977

    16 Total Sales

    Daniel Brooks
    Section Image

  • M

    Buyer's Agent in 2021

    Marsha Byrum

    RE/MAX

  • Greg Fahl

    Seller's Agent in 2016

    Greg Fahl

    Orizon Real Estate, Inc.

    (260) 609-2503

    296 Total Sales

    Greg Fahl
    Section Image

  • B

    Buyer's Agent in 2016

    Bedford NonMember

    NonMember BED

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201602472

Indiana Regional MLS
Indiana Whitley County Churubusco 46723

509 S Main St, Churubusco, IN

This home is located at 509 S Main St, Churubusco, IN 46723 and is currently priced at $253,000, approximately $41 per square foot. This property was built in 1967. 509 S Main St is a home located in Whitley County with nearby schools including Churubusco Elementary School and Churubusco Junior/Senior High School.

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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