NOT LISTED FOR SALE

626 Riley Blvd Unit 1 - 13 Bedford, IN 47421

52 Beds
26 Baths
18,896 Sq Ft
2.84 Acres

Last Sold June 22, 2015

Last sale price $680,000 $36 Per Sq Ft

183 Days on Market

Highlights

  • Baseboard Heating
  • Level Lot
  • Wood Siding

About This Home

As of June 2015

13 duplex type building consisting of 6 ranch type duplex units & 7 townhouse type duplex units. All are 2 BR, 1 Bath units of various sizes. All are duplex structures with the townhouse units having the bedrooms on the upper level. Unit sizes are as follows: ranch type are in 2 different sizes: 26' x'48' - 4 buildings, 8 units @ 624 SF; 26' x 52' - 2 buildings, 4 units @ 676 SF; townhouse type are all 24' x 32' with a 2' overhang on the 2nd level, for at total of 1600 SF in each of 7 buildings or 800 SF per unit for 14 units. Each unit has a stove, refrigerator & hood fan, all were recently replaced in 2010/2011. Per recent appraisal, effective age is 15 yrs. Performs well, fully occupied. Financials available upon request. A rural setting but minutes to the local high school and the down town area. This property was rehabbed over the past 2 years.

Last Agent to Sell the Property

Tracee Lutes

RE/MAX Acclaimed Properties Listed on: 11/13/2014

RE/MAX Acclaimed Properties

Last Buyer's Agent

Amy Rhoda

Revestco, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,421

Year Built

  • Built in 1990

Lot Details

  • 2.84 Acre Lot
  • Rural Setting
  • Level Lot

Home Design

  • Wood Siding
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 52 Bedrooms
  • 26 Full Bathrooms

Parking

  • 52 Parking Spaces
  • Private Parking
  • Off-Street Parking

Schools

  • Shawswick Elementary School
  • Bedford Middle School
  • Bedford-North Lawrence High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for sewer, trash collection, water
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 47-06-12-300-079.000-010

Community Details

Overview

  • 13 Buildings
  • 26 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $1,404
  • Fuel Expense $16
  • Insurance Expense $6,927
  • Maintenance Expense $12,098
  • Water Sewer Expense $5,169

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,421

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1990
  • Age: 25
  • Style: One Story
  • Bedrooms: 52
  • Number Above Grade Bedrooms: 52
  • Total Bathrooms: 26
  • Total Full Bathrooms: 26
  • Legal Description: Sec 12 TWP 5 R1E SW, Sec 12 TWP 5 R1W, Sec 12 TWP .4 R1W SW, | Speer Add Lot 1, 2, 3, 4, 5, 6, 8, 9, 10 ... Full legal available upon request.
  • Parcel Number ID: 47-06-12-300-079.000-010
  • Platted: Yes
  • Amenities: Off Street Parking, Detector-Smoke
  • Cross Street: Mt. Pleasant Drive
  • Location: Rural
  • Sp Lp Percent: 91.9
  • Monthly Gross Income: 10673
  • Year Taxes Payable: 2012
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 18896
  • Total Finished Sq Ft: 18896
  • Above Grade Finished Sq Ft: 18896
  • Price Per Sq Ft: 35.99
  • Flooring: Mixed
  • Main Level Sq Ft: 13072
  • Number Of Ranges Ovens: 26

Exterior Features

  • Exterior: Stone, Vinyl, Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 52
  • Parking: Off Street, Private

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Baseboard
  • Sewer: Public
  • Water Utilities: Public
  • Annual Electric: 1404.15
  • Annual Fuel Expense: 16.28
  • Annual Insurance Expense: 6926.95
  • Annual Maintenance Expense: 12098.09
  • Annual Water Sewer Expense: 5168.53
  • Number Of W D Hookups: 13

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: North Lawrence Community Schools
  • Elementary School: Shawswick
  • Middle School: Bedford
  • High School: Bedford-North Lawrence
  • Elementary School: Shawswick

Lot Info

  • Lot Description: Level, Rolling
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 123710
  • Estimated Lot Size Acres: 2.84

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 10672.7
  • Number Of Refrigerators: 26
  • Number Of Units: 26
  • Num Of2 Bedrooms: 26
  • Num Of Units Rented: 26

Tax Info

  • Annual Property Tax: 14420.8

MLS Schools

  • High School: Bedford-North Lawrence
  • Middle School: Bedford
  • School District: North Lawrence 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
06/22/2015 06/22/15 Sold $680,000 -8.1% $36 / Sq Ft
05/15/2015 05/15/15 Pending -- -- --
11/13/2014 11/13/14 For Sale $739,900 -- $39 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tracee Lutes

    Seller's Agent in 2015

    Tracee Lutes

    RE/MAX

    (812) 322-2650

    259 Total Sales

    Tracee Lutes
    Section Image

  • A

    Buyer's Agent in 2015

    Amy Rhoda

    Revestco, LLC

    (812) 583-0919

    80 Total Sales

    Amy Rhoda
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201449750

Indiana Regional MLS
Indiana Lawrence County Bedford 47421

626 Riley Blvd Unit 1 - 13, Bedford, IN

This home is located at 626 Riley Blvd Unit 1 - 13, Bedford, IN 47421 since 13 November 2014. This property was built in 1990. 626 Riley Blvd Unit 1 - 13 is a home located in Lawrence County with nearby schools including Bedford North Lawrence High School and St. Vincent de Paul 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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