NOT LISTED FOR SALE

530 N Main St Albany, IN 47320

Albany Neighborhood
14 Beds
7 Baths
4,995 Sq Ft
0.3 Acres

Last Sold February 26, 2021

Last sale price $300,255 $60 Per Sq Ft

83 Days on Market

Highlights

  • Corner Lot
  • Tile Flooring
  • 1-Story Property
  • Delta High School Rated A-

About This Home

As of February 2021

7 UNITS TOTAL. 4 units at 530 N Main Street in Albany and 3 Units at 510 W Liberty St in Albany, IN. These properties are about 8 blocks apart. Buildings are brick ranch style apartment buildings built in 1978 and 1971. All units are 2 bedroom and 1 bath. Several apartments have been updated with new vinyl plank flooring, new vanities, new counter tops, doors and more. Current full occupancy, historically very quick re-leasing when a unit becomes available. 530 N Main St had a new roof installed in May 2020. Low maintenance with brick exteriors and electric ceiling cable heat and through the wall AC units. Current scheduled annual income is $44,400.

Last Agent to Sell the Property

Brian Allardt

Coldwell Banker Real Estate Group Listed on: 07/10/2020

Coldwell Banker Real Estate Group

Last Buyer's Agent

Brian Allardt

Coldwell Banker Real Estate Group Listed on: 07/10/2020

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,384

Year Built

  • Built in 1978

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 130x100
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 1-Story Property

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electric, snow removal
  • The owner pays for building insurance, lawn maintenance, sewer, tax, water
  • Assessor Parcel Number 18-08-02-284-006.000-005

Community Details

Overview

  • 2 Buildings
  • 7 Units

Pet Policy

  • Pet Restriction

Building Details

  • 7 Separate Electric Meters
  • 2 Separate Water Meters
  • Insurance Expense $4,823
  • Water Sewer Expense $3,600

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,384

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1978
  • Age: 42
  • Style: One Story
  • Bedrooms: 14
  • Number Above Grade Bedrooms: 14
  • Total Bathrooms: 7
  • Total Full Bathrooms: 7
  • Legal Description: 530 N Main: Strong Hrs 1st Addn lot 14 STR 022111 Tax #180802284006000005; Lot 15 tax #180802284005000005; 510 W Liberty 180802264002000005.
  • Parcel Number ID: 18-08-02-284-006.000-005
  • Platted: Yes
  • Amenities: Off Street Parking, Water Heater Electric
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Parcel Id2: 18-08-02-284-005.000-005
  • Sp Lp Percent: 94.42
  • Zoning Description: Multi-family
  • Monthly Gross Income: 3700
  • Special Features: None

Interior Features

  • Total Sq Ft: 4995
  • Total Finished Sq Ft: 4995
  • Above Grade Finished Sq Ft: 4995
  • Price Per Sq Ft: 60.11
  • Basement Foundation: Slab
  • Flooring: Carpet, Tile, Vinyl Tile, Vinyl
  • Main Level Sq Ft: 4995
  • Number Of Microwaves: 4
  • Number Of Ranges Ovens: 7

Exterior Features

  • Exterior: Brick
  • Roof Material: Asphalt
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 10
  • Parking: Off Street, Paved

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Electricity, Radiant
  • Sewer: Public
  • Water Utilities: Public
  • Annual Insurance Expense: 4823
  • Annual Water Sewer Expense: 3600
  • Number Electric Meters: 7
  • Number Of W D Hookups: 7
  • Number Water Meters: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Delaware Community School Corp.
  • Elementary School: Albany
  • Middle School: Delta
  • High School: Delta

Lot Info

  • Lot Description: Corner, 0-2.9999
  • Lot Dimensions: 130x100
  • Estimated Lot Sq Ft: 12998
  • Estimated Lot Size Acres: 0.2984

Green Features

  • Energy Efficient Windows/Doors: Insulated Doors

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Sewer, Tax, Water
  • Tenant Pays: Electric, Snow Removal

Multi Family

  • Gross Monthly Rent: 3700
  • Number Of Refrigerators: 7
  • Number Of Units: 7
  • Num Of2 Bedrooms: 7
  • Num Of Units Rented: 7

Tax Info

  • Annual Property Tax: 2384

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
02/26/2021 02/26/21 Sold $300,255 -5.6% $60 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
08/31/2020 08/31/20 For Sale $318,000 0.0% $64 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $318,000 -- $64 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brian Allardt

    Seller's Agent in 2021

    Brian Allardt

    Coldwell Banker Real Estate Group

    (765) 808-1400

    1 in this area

    66 Total Sales

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Map

Source: Indiana Regional MLS

MLS Number: 202026385

Indiana Regional MLS

Indiana Delaware County Albany 47320 Albany

530 N Main St, Albany, IN

This home is located at 530 N Main St, Albany, IN 47320 since 10 July 2020. This property was built in 1978. 530 N Main St is a home located in Delaware County with nearby schools including Albany Elementary School, Delta Middle School, and Delta 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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