NOT LISTED FOR SALE

724 E Clark St Warsaw, IN 46580

12 Beds
8 Baths
5,452 Sq Ft
0.32 Acres

Last Sold January 27, 2017

Last sale price $220,000 $40 Per Sq Ft

179 Days on Market

Highlights

  • Double Pane Windows
  • Entrance Foyer
  • Level Lot
  • Lincoln Elementary School Rated A-
  • Baseboard Heating
  • Wood Siding

About This Home

As of January 2017

Turn key eight apartment complex in quiet, convenient near downtown & Pike Lake Park location. Grosses over $44k per year. Two 4 unit buildings each on separate lot but being sold together. Each building has 2 one bedroom and 2 two bedroom units plus coin operated laundry located on main floor with interior lobby entrance. All units have been non-smoking and pet free since 1995. 2nd owner since new, 25 years of current ownership. See Associated Documents for 5 year Income/expense history. All appliances included, some but not all newer. Tenants pay own heat & lights. Currently on 4" well for both buildings with rental water softeners. Indiana American Water runs in front on property and is easily accessible.

Last Agent to Sell the Property

James Bausch

RE/MAX Results Listed on: 07/14/2016

RE/MAX Results

Last Buyer's Agent

Janice Palkovich

Collins & Company Realtors, Koontz Lake

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,584

Year Built

  • Built in 1977

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 197x130
  • Level Lot

Home Design

  • Poured Concrete
  • Rubber Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Insulated Doors
  • Entrance Foyer
  • Crawl Space
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Full Bathrooms

Parking

  • 12 Parking Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Lincoln Elementary School
  • Lakeview Middle School
  • Warsaw High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Private Water Source
  • Private Company Owned Well
  • Well
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for lawn maintenance, snow removal, sewer, trash collection, water softener
  • Assessor Parcel Number 43-11-08-200-573.000-032

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Conds Subdivision

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 10 Separate Electric Meters
  • Electric Expense $2,059
  • Insurance Expense $1,600
  • Maintenance Expense $4,317
  • Water Sewer Expense $4,439

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,584

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1977
  • Style: Two Story
  • Bedrooms: 12
  • Total Bathrooms: 8
  • Total Full Bathrooms: 8
  • Legal Description: 004-044-478.A W 104.7' of Out lot 1 Conds Add 004-044-478 Outlot 1 Less E 137' & W 104.7 Conds Add |
  • Parcel Number ID: 43-11-08-200-573.000-032
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Cable Ready, Countertops-Laminate, Detector-Smoke, Foyer Entry, Water Heater Electric, Water Softener-Rented
  • Cross Street: Reed
  • Grid: 10 - Central Kosc.
  • Location: City/Town/Suburb
  • Parcel Id2: 431108200574000032
  • Special Features: None

Interior Features

  • Total Sq Ft: 5452
  • Total Finished Sq Ft: 5452
  • Above Grade Finished Sq Ft: 5452
  • Basement Foundation: Crawl
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1363
  • Number Of Ranges Ovens: 8

Exterior Features

  • Exterior: Shingle, Wood
  • Roof Material: Rubber
  • Stories: 2

Garage/Parking

  • Driveway: Asphalt
  • Number Of Parking Spaces: 12
  • Parking: Off Street, Paved

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Electricity, Baseboard
  • Sewer: City, Public
  • Water Utilities: Private, Well
  • Electric Company: NIPSCO
  • Cable Company: Comcast
  • Well Type: Private
  • Annual Electric: 2059.31
  • Annual Insurance Expense: 1600
  • Annual Maintenance Expense: 4317.2
  • Annual Water Sewer Expense: 4439.1
  • Number Electric Meters: 10

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Lincoln

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 197X130
  • Estimated Lot Sq Ft: 13939
  • Estimated Lot Size Acres: 0.32
  • Lot Number: 1

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows, Insulated Doors

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Lawn Maintenance, Snow Removal, Sewer, Trash Collection, Water Softener
  • Tenant Pays: Electric, Heating

Tax Info

  • Annual Property Tax: 3584

Multi Family

  • Number Of Dryers: 2
  • Number Of Refrigerators: 8
  • Number Of Units: 8
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 4
  • Num Of2 Bedrooms: 4

MLS Schools

  • High School: Warsaw
  • Middle School: Lakeview
  • School District: Warsaw Community

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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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2017 01/27/17 Sold $220,000 -18.5% $40 / Sq Ft
01/09/2017 01/09/17 Pending -- -- --
07/14/2016 07/14/16 For Sale $270,000 -- $50 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,199 $154,800 $18,000 $136,800
2023 $1,716 $78,700 $18,000 $60,700
2022 $1,819 $87,500 $18,000 $69,500
2021 $1,715 $82,200 $18,000 $64,200
2020 $1,720 $82,200 $18,000 $64,200
2019 $1,934 $92,300 $18,000 $74,300
2018 $1,936 $92,200 $18,000 $74,200
2017 $1,922 $91,300 $18,000 $73,300
2016 $2,065 $98,000 $18,000 $80,000
2014 $1,792 $89,600 $18,000 $71,600
2013 $1,792 $99,800 $18,000 $81,800
Source: Public Records

Agents Affiliated with this Home

  • James Bausch

    Seller's Agent in 2017

    James Bausch

    RE/MAX

    (574) 551-6051

    334 Total Sales

    James Bausch
    Section Image

  • J

    Buyer's Agent in 2017

    Janice Palkovich

    Collins & Company Realtors, Koontz Lake

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201632779

Indiana Regional MLS
Indiana Kosciusko County Warsaw 46580

724 E Clark St, Warsaw, IN

Not Listed for Sale

MultiFamily

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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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