$195,000
SOLD SEP 19, 2016
19 Beds
8 Baths
8,200 Sq Ft
0.31 Acres

Recently Sold

$24 Per Sq Ft

9% Below List Price

37 Days on Market

Highlights

  • Baseboard Heating
  • Level Lot
  • Carpet

About This Home

As of June 2018

Well established apartment building with great income and long term tenants. Building has new metal roof in 2016.

Last Agent to Sell the Property

Terry Van Duyne

Listing Leaders, NCI-Culver Listed on: 07/25/2016

Listing Leaders, NCI-Culver

Last Buyer's Agent

Emmon Schmucker

Coldwell Banker Real Estate Group

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,158

Year Built

  • Built in 1972

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 84 x 163
  • Level Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 8,200 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 8 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Schools

  • Elkhart Community Elementary School
  • Pierre Moran Middle School
  • Elkhart High School

Utilities

  • Baseboard Heating

Listing and Financial Details

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

Community Details

Overview

  • 8 Units

Pet Policy

  • Pet Restriction

Building Details

  • 8 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $3,600
  • Insurance Expense $3,000
  • Maintenance Expense $5,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,200

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,158

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1972
  • Age: 44
  • 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
  • Sp Lp Percent: 90.7
  • Monthly Gross Income: 4700
  • Year Taxes Payable: 2016
  • Special Features: None

Interior Features

  • Total Sq Ft: 8200
  • Total Finished Sq Ft: 8200
  • Above Grade Finished Sq Ft: 8200
  • Price Per Sq Ft: 23.78
  • Flooring: Carpet, Laminate
  • Number Of Ranges Ovens: 8

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Heating Fuel: Baseboard
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 3600
  • Annual Insurance Expense: 3000
  • Annual Maintenance Expense: 5000
  • Annual Trash Expense: 1200
  • Annual Water Sewer Expense: 1200
  • Number Electric Meters: 8
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 84 X 163
  • Estimated Lot Sq Ft: 13504
  • Estimated Lot Size Acres: 0.31

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 4700
  • 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: 1158.09

MLS Schools

  • High School: Elkhart
  • 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: 201634804

Indiana Regional MLS