NOT LISTED FOR SALE

510 W Dustman Rd Bluffton, IN 46714

45 Beds
45 Baths
25,920 Sq Ft
3 Acres

Last Sold September 01, 2021

Last sale price $1,705,000 $66 Per Sq Ft

Highlights

  • 3 Acre Lot
  • Patio
  • Luxury Vinyl Tile Flooring
  • Traditional Architecture
  • Landscaped
  • Wood Fence

About This Home

As of September 2021

*** Great Bluffton City Location on the North Side of Town ~ Convenient to Shopping with Easy Accessibility to Interurban Walking Trails, Wells County YMCA, and Surrounding Highways *** Apartment Complex consists of 45 Units - All Currently Rented * Units have had some Major Updates * All Units Include Fridge, Range, Furnace/AC Unit, and Hot Water Heater and are in good Working Order but not Warranted * Norwell Schools * Immediate Possession - Subject to Tenants Rights * Great Investment Opportunity *

Last Agent to Sell the Property

Chandler Gerber

BKM Real Estate Listed on: 07/16/2021

Last Buyer's Agent

Chandler Gerber

BKM Real Estate Listed on: 07/16/2021

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $18,904

Year Built

  • Built in 1982

Lot Details

  • 3 Acre Lot
  • Wood Fence
  • Landscaped
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 45 Bedrooms
  • 45 Full Bathrooms

Parking

  • 50 Parking Spaces
  • Private Parking
  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Additional Features

  • Patio
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cooling, electric, heating, deposit value
  • The owner pays for building insurance, lawn maintenance, maintenance, parking, sewer, snow removal, tax, trash collection, water
  • Assessor Parcel Number 90-05-33-100-028.000-011

Community Details

Overview

  • 45 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 45 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $16,491
  • Trash Expense $2,578
  • Water Sewer Expense $21,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$18,904

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1982
  • Style: One Story
  • Architectural Style: Traditional
  • Bedrooms: 45
  • Total Bathrooms: 45
  • Total Full Bathrooms: 45
  • Legal Description: 33-27-12 3.00A N 475.2' of W 275' of E 1924.3' N E
  • Parcel Number ID: 90-05-33-100-028.000-011
  • Platted: Yes
  • Amenities: Off Street Parking, Countertops-Laminate, Detector-Smoke, Landscaped, Patio Open, Water Heater Electric
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Special Features: None

Interior Features

  • Total Sq Ft: 25920
  • Total Finished Sq Ft: 25920
  • Above Grade Finished Sq Ft: 25920
  • Basement Foundation: Crawl, Slab
  • Flooring: Carpet, Laminate, Vinyl Tile
  • Main Level Sq Ft: 25920
  • Number Of Ranges Ovens: 45

Exterior Features

  • Exterior: Wood
  • Roof Material: Metal
  • Fence: Wood
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 50
  • Parking: Lot, Paved, Private

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Electricity, Wall Heater
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 16491
  • Annual Trash Expense: 2578
  • Annual Water Sewer Expense: 21000
  • Number Electric Meters: 45
  • Number Of W D Hookups: 45
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 3 Acres
  • Estimated Lot Sq Ft: 130680
  • Estimated Lot Size Acres: 3

Rental Info

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

Tax Info

  • Exemptions: Mortgage
  • Annual Property Tax: 18903.88

Multi Family

  • Number Of Refrigerators: 45
  • Number Of Units: 45
  • Num Of1 Bedrooms: 30
  • Num Of2 Bedrooms: 7
  • Num Of Efficiencies: 8

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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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
09/01/2021 09/01/21 Sold $1,705,000 0.0% $66 / Sq Ft
07/22/2021 07/22/21 Price Changed $1,705,000 +4.9% $66 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $1,625,000 -- $63 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Chandler Gerber

    BKM Real Estate

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Map

Source: Indiana Regional MLS

MLS Number: 202128786

Indiana Regional MLS
Indiana Wells County Bluffton 46714

510 W Dustman Rd, Bluffton, IN

Not Listed for Sale

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