NOT LISTED FOR SALE

52956 Higgins Blvd Unit A,B,C & D of Buildin Elkhart, IN 46514

36 Beds
24 Baths
1,548 Sq Ft
0.55 Acres

Last Sold March 12, 2015

Last sale price $1,200,000 $775 Per Sq Ft

179 Days on Market

Highlights

  • Open Floorplan
  • Backs to Open Ground
  • Utility Room in Garage
  • Vaulted Ceiling
  • Corner Lot
  • Eat-In Kitchen

About This Home

As of March 2015

(3) 4-plexes are being sold as a package deal. A nice opportunity to acquire a classy real estate investment in A-1 condition with a cap rate of 7.2%-Well maintained and completely updated.-Units have been self managed by the seller-This makes for a perfect 1031 exchange for the investor looking to avoid taxation.

Last Agent to Sell the Property

Mike Schade

Cressy & Everett- Elkhart Listed on: 08/12/2014

Cressy & Everett- Elkhart

Last Buyer's Agent

Patti Russwurm

PARAMOUNT PROPERTIES INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,152

Year Built

  • Built in 1985

Lot Details

  • 0.55 Acre Lot
  • Backs to Open Ground
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Level Lot
  • Irrigation

HOA Fees

  • $125 Monthly HOA Fees

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,548 Sq Ft Home
  • 1.5-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Insulated Windows
  • Entrance Foyer
  • Utility Room in Garage
  • Washer Hookup

Kitchen

  • Eat-In Kitchen
  • Kitchen Island
  • Ceramic Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 36 Bedrooms
  • 24 Full Bathrooms

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Insulation

Schools

  • Eastwood Elementary School
  • North Side Middle School
  • Elkhart Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Patio
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, electric, heating, sewer, trash collection, water
  • The owner pays for association dues, building insurance, lawn maintenance, maintenance, snow removal, tax
  • Assessor Parcel Number 20-02-21-327-028.000-026

Community Details

Overview

  • 3 Buildings
  • 12 Units
  • Brookwood Condos Subdivision

Amenities

  • Community Storage Space

Pet Policy

  • Pet Restriction

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • Insurance Expense $3,396
  • Maintenance Expense $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,152

Year Built

Built in 1985

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1985
  • Age: 30
  • Style: Condo
  • Architectural Style: Condo/Co-op Attached
  • Bedrooms: 36
  • Number Above Grade Bedrooms: 36
  • Total Bathrooms: 24
  • Total Full Bathrooms: 24
  • Legal Description: Brookwood Condominiums,Buildings 6,11,&12,Units A-D,And a % of common area |
  • Parcel Number ID: 20-02-21-327-028.000-026
  • Platted: Yes
  • Amenities: Fireplace, Storage, Ceilings-Vaulted, Countertops-Ceramic, Eat-In Kitchen, Foyer Entry, Garage Door Opener, Irrigation System, Kitchen Island, Landscaped, Open Floor Plan, Patio Open, Water Heater Gas, Washer Hook-Up, Garage Utilities
  • Cross Street: Cr 6 and Freda
  • Location: City/Town/Suburb
  • Road Access: County
  • Road Surface: Asphalt
  • Sp Lp Percent: 80
  • Monthly Gross Income: 11375
  • Restrictions Yn: Yes
  • Year Taxes Payable: 2013
  • Special Features: None

Interior Features

  • Total Sq Ft: 1548
  • Total Finished Sq Ft: 1548
  • Above Grade Finished Sq Ft: 1548
  • Price Per Sq Ft: 775.19
  • Basement Foundation: Slab
  • Flooring: Carpet, Ceramic Tile
  • Number Of Disposals: 12
  • Number Of Microwaves: 12
  • Number Of Ranges Ovens: 12

Exterior Features

  • Exterior: Aluminum, Brick
  • Roof Material: Asphalt, Shingle
  • Fence: Wood
  • Stories: 1.5

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 2
  • Parking: Garage, Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Cable Company: Comcast
  • Annual Insurance Expense: 3396
  • Annual Maintenance Expense: 18000
  • Number Electric Meters: 12
  • Number Gas Meters: 12
  • Number Of W D Hookups: 12

Condo/Co-op/Association

  • Association Restrictions: Yes
  • Association Fees: 125
  • Association Fees Frequency: Monthly
  • Pet Restrictions: Yes

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Eastwood
  • Middle School: North Side
  • High School: Elkhart Central
  • Elementary School: Eastwood

Lot Info

  • Lot Description: Corner, Level, 0-2.9999
  • Lot Dimensions: Common area
  • Estimated Lot Sq Ft: 23923
  • Estimated Lot Size Acres: 0.5492

Green Features

  • Energy Efficient: Insulation, Windows
  • Energy Efficient Windows/Doors: Insulated Glass Windows

Rental Info

  • Lease Term: 1 Year, Renewal Options
  • Owner Pays: Association Dues, Building Insurance, Lawn Maintenance, Maintenance, Snow Removal, Tax
  • Tenant Pays: Cable, Electric, Heating, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 11375
  • Number Of Dishwashers: 12
  • Number Of Dryers: 12
  • Number Of Refrigerators: 12
  • Number Of Units: 12
  • Number Of Washers: 12
  • Number Of 3 Bedrooms: 12
  • Num Of Units Rented: 12

Tax Info

  • Annual Property Tax: 22152

MLS Schools

  • High School: Elkhart Central
  • Middle School: North Side
  • 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
03/12/2015 03/12/15 Sold $1,200,000 -20.0% $775 / Sq Ft
02/07/2015 02/07/15 Pending -- -- --
08/12/2014 08/12/14 For Sale $1,500,000 -- $969 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Mike Schade

    Cressy & Everett- Elkhart

    (574) 320-5416

    51 Total Sales

    Section Image

  • P

    Buyer's Agent in 2015

    Patti Russwurm

    PARAMOUNT PROPERTIES INC.

    (574) 876-4981

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201435504

Indiana Regional MLS

Indiana Elkhart County Elkhart 46514

52956 Higgins Blvd Unit A,B,C & D of Buildin, Elkhart, IN

This home is located at 52956 Higgins Blvd Unit A,B,C & D of Buildin, Elkhart, IN 46514 since 12 August 2014. This property was built in 1985. 52956 Higgins Blvd Unit A,B,C & D of Buildin is a home located in Elkhart County with nearby schools including Osolo Elementary School, North Side Middle School, and Elkhart 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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