$195,000
SOLD MAR 12, 2014
19 Beds
8 Baths
3,960 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$49 Per Sq Ft

13% Below List Price

About This Home

As of June 2018

Big Cash Cow 8-plex. Ready for some new owners. Bring your buyers today!

Last Agent to Sell the Property

Nate Roll

Rock Auctioneers & Real Estate Listed on: 01/17/2014

Last Buyer's Agent

Terry Van Duyne

Listing Leaders, NCI-Culver

Listing Leaders, NCI-Culver

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,283

Year Built

  • Built in 1972

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 3,960 Sq Ft Home
  • 2-Story Property
  • Luxury Vinyl Tile Flooring

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 8 Full Bathrooms

Parking

  • 8 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Mary Beck Elementary School
  • Pierre Moran Middle School
  • Elkhart Central High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for fuel, sewer, water
  • Assessor Parcel Number 20-06-09-126-007.000-012

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $3,000
  • Insurance Expense $2,383
  • Water Sewer Expense $3,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,283

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1972
  • Age: 42
  • Style: Two Story
  • Bedrooms: 19
  • Number Above Grade Bedrooms: 19
  • Total Bathrooms: 8
  • Total Full Bathrooms: 8
  • Legal Description: HALLS 2ND K G LOT 51 |
  • Parcel Number ID: 20-06-09-126-007.000-012
  • Platted: Yes
  • Amenities: Off Street Parking
  • Location: City/Town/Suburb
  • Sp Lp Percent: 86.67
  • Monthly Gross Income: 4180
  • Year Taxes Payable: 2013
  • Special Features: None

Interior Features

  • Total Sq Ft: 3960
  • Total Finished Sq Ft: 3960
  • Above Grade Finished Sq Ft: 3960
  • Price Per Sq Ft: 49.24
  • Basement Foundation: Slab
  • Flooring: Vinyl Tile
  • Main Level Sq Ft: 1980
  • Number Of Ranges Ovens: 8

Exterior Features

  • Exterior: Brick, Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 3000
  • Annual Insurance Expense: 2383
  • Annual Water Sewer Expense: 3000
  • Number Electric Meters: 8
  • Number Gas Meters: 1
  • Number Water Meters: 1

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Mary Beck
  • Middle School: Pierre Moran
  • High School: Elkhart Central
  • Elementary School: Mary Beck

Lot Info

  • Lot Description: Level
  • Lot Dimensions: .22A
  • Estimated Lot Sq Ft: 9583
  • Estimated Lot Size Acres: 0.22

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Fuel, Sewer, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 4180
  • Number Of Refrigerators: 8
  • Number Of Units: 8
  • Num Of2 Bedrooms: 5
  • Number Of 3 Bedrooms: 3
  • Num Of Units Rented: 8

Tax Info

  • Annual Property Tax: 3283

MLS Schools

  • High School: Elkhart Central
  • Middle School: Pierre Moran
  • 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
06/15/2018 06/15/18 Sold $220,000 -8.3% $28 / Sq Ft
03/26/2018 03/26/18 Pending -- -- --
03/25/2018 03/25/18 For Sale $240,000 +23.1% $30 / Sq Ft
09/19/2016 09/19/16 Sold $195,000 -9.3% $24 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
07/25/2016 07/25/16 For Sale $215,000 +10.3% $26 / Sq Ft
03/12/2014 03/12/14 Sold $195,000 -13.3% $49 / Sq Ft
01/17/2014 01/17/14 Pending -- -- --
01/17/2014 01/17/14 For Sale $225,000 -- $57 / 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: 201401181

Indiana Regional MLS