$1,300,000
$1,500,000
13.3%For more information regarding the value of a property, please contact us for a free consultation.
20,232 SqFt
SOLD DATE : 11/14/2024
Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 20,232 sqft
Price per Sqft $64
MLS Listing ID 21986857
Sold Date 11/14/24
Year Built 1999
Tax Year 2023
Lot Size 5.990 Acres
Acres 5.99
Property Description
There are a total of 24 units, all of which are currently leased with scheduled rent increases upon renewal. Each of the three buildings comprises four 2-bedroom/1 bath and four 1-bedroom/1 bath units. Notably, each unit offers a vaulted ceiling in the kitchen, dining, and living area, as well as a laundry closet with hook-ups for a stacked washer & dryer. Tenants have access to a community room with a full kitchen, a half-bathroom, and coin-operated laundry. The property has undergone several improvements, including roof replacements and upgraded utility services. Two of the buildings' roofs are only 1 year old, the 3rd roof is 3-4 years old. The owners have provided a list of other improvements that have been made since they purchased the property; request a copy from the listing agent. As tenants vacated, that unit was rehabbed as needed. There are 40+ parking spaces with designated handicapped parking. Trash removal is included in the rent.Tenants pay all utilities. The property is only shown by appt. Please provide proof of funds or a loan pre-qualification letter before the appt. request.
Location
State IN
County Owen
Zoning Commercial
Interior
Heating Electric, Forced Air
Cooling Central Electric
Fireplace N
Exterior
Exterior Feature Clubhouse, Lighting
Utilities Available Electricity Connected, Gas, Sep Electric Meter, Sep Gas Meter, Septic System, Water Connected
Waterfront false
View Y/N false
Roof Type Shingle
Building
Story One
Foundation Slab
Architectural Style Other
Structure Type Brick
New Construction false
Schools
Elementary Schools Cloverdale Elementary School
Middle Schools Cloverdale Middle School
High Schools Cloverdale High School
School District Cloverdale Community Schools
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