$1,750,000
SOLD MAR 19, 2025

70 Fairview Dr Bicknell, IN 47512

39 Beds
24 Baths
20,756 Sq Ft
1.59 Acres

Recently Sold

$84 Per Sq Ft

17% Below List Price

109 Days on Market

Highlights

  • 1.59 Acre Lot
  • Zoned Heating and Cooling
  • Ceiling Fan
  • Community Playground
  • Luxury Vinyl Tile Flooring
  • ENERGY STAR Qualified Equipment for Heating

About This Home

As of March 2025

24 unit apartment complex with potential for greater profit as the units continue to be renovated. Four units have already been completely renovated and several others have had partial renovations. Monthly rents listed are for the completely renovated units. All units have been upgraded to high efficiency mini-split heat pump units, allowing the owner to offer electric as well as water to be included with the rent, which has been very appealing to tenants. Roofs are only a few years old and windows in 4 units have been replaced. Very minimal vacancy.

Last Agent to Sell the Property

Michelle Sebastian

Carpenter Realtors-Indy Listed on: 07/05/2024

Carpenter Realtors-Indy

Co-Listed By

Kevin Sebastian

Re/Max Allstars

Last Buyer's Agent

Michelle Sebastian

Carpenter Realtors-Indy Listed on: 07/05/2024

Carpenter Realtors-Indy

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $12,499

Year Built

  • Built in 1977

Lot Details

  • 1.59 Acre Lot
  • Lot Dimensions are 300' x 230'

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 20,756 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Sump Pump
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 39 Bedrooms
  • 24 Full Bathrooms

Parking

  • 48 Parking Spaces
  • Driveway
  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient HVAC
  • ENERGY STAR Qualified Equipment for Heating

Location

  • Suburban Location

Schools

  • North Knox Elementary And Middle School
  • North Knox High School

Utilities

  • Zoned Heating and Cooling
  • ENERGY STAR Qualified Air Conditioning
  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, deposit value
  • The owner pays for building insurance, cooling, electric, heating, lawn maintenance, maintenance, sewer, trash collection, water
  • Assessor Parcel Number 42-08-17-101-011.000-019

Community Details

Overview

  • 24 Units

Recreation

  • Community Playground

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $21,600
  • Insurance Expense $9,996
  • Maintenance Expense $3,840
  • Trash Expense $3,000
  • Water Sewer Expense $10,800

Property Details

Home Type

Apartment

Est. Annual Taxes

$12,499

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1977
  • Age: 48
  • Style: Two Story
  • Bedrooms: 39
  • Number Above Grade Bedrooms: 39
  • Total Bathrooms: 24
  • Total Full Bathrooms: 24
  • Legal Description: Pt Se1/4 Ne1/4 17-4-8 1.59A
  • Parcel Number ID: 42-08-17-101-011.000-019
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Cable Available, Countertops-Laminate, Water Heater Electric, Sump Pump
  • Location: City/Town/Suburb
  • Sp Lp Percent: 83.33
  • Monthly Gross Income: 20823
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 20756
  • Total Finished Sq Ft: 20756
  • Above Grade Finished Sq Ft: 20756
  • Price Per Sq Ft: 84.31
  • Flooring: Carpet, Laminate, Vinyl Tile
  • Number Of Ranges Ovens: 24

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle, Dimensional Shingles
  • Stories: 1

Garage/Parking

  • Driveway: Asphalt
  • Number Of Parking Spaces: 48
  • Parking: Lot, Off Street, Paved

Utilities

  • Cooling: Wall AC, Heat Pump
  • Heating Fuel: Heat Pump
  • Sewer: Public
  • Water Utilities: Public
  • Hvac: Energy Star A/C, Energy Star Heating, Zoned Air Condtioning, Zoned Heating
  • Annual Electric: 21600
  • Annual Insurance Expense: 9996
  • Annual Maintenance Expense: 3840
  • Annual Trash Expense: 3000
  • Annual Water Sewer Expense: 10800
  • Number Of W D Hookups: 3

Condo/Co-op/Association

  • Common Amenities: Swing Set, Sidewalks
  • Pet Restrictions: Yes

Schools

  • School District: North Knox S.D.
  • Elementary School: North Knox
  • Middle School: North Knox
  • High School: North Knox
  • Elementary School: North Knox

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 300' x 230'
  • Estimated Lot Sq Ft: 69260
  • Estimated Lot Size Acres: 1.59

Green Features

  • Energy Efficient: HVAC

Rental Info

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

Multi Family

  • Gross Monthly Rent: 20823
  • Number Of Dryers: 2
  • Number Of Refrigerators: 24
  • Number Of Units: 24
  • Number Of Washers: 3
  • Num Of1 Bedrooms: 9
  • Num Of2 Bedrooms: 15
  • Num Of Units Rented: 22

Tax Info

  • Annual Property Tax: 12499

MLS Schools

  • High School: North Knox
  • Middle School: North Knox
  • School District: North Knox S.D.

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
03/19/2025 03/19/25 Sold $1,750,000 -16.7% $84 / Sq Ft
10/22/2024 10/22/24 Pending -- -- --
07/05/2024 07/05/24 For Sale $2,100,000 -- $101 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202425050

Indiana Regional MLS