6 unit Multifamily Property
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30851780 |
| Status: |
Pending/Contingent |
| Number of Units: |
6 Units |
| Building Size (RSF): |
4,171 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$285,000 |
| Unit Price: |
$47,500 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/16/2023 |
Overview / Comments
|
6 units available located within walking distance of downtown Elwood. 1 parcel contains two triplexes. This property consists of two 2 bedroom/1 bath units and four 1 bedroom/1 bath units. Plenty of value add here with the current vacant units being rehabbed and ready for immediate filling of tenants and room for rent adjustments to market rates. The roof was replaced in 2017 on both buildings. 5 of 6 electric water heaters have been replaced since 2017. There is a parking lot that allows for tenants to park on property. Each unit is metered separately for electric. Tenants pay electric. Landlord pays water, sewer, trash.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$1,956 (Annual) |
| Gross Operating Income |
$1,750 (Annual) |
Additional Details
| Nearest MSA: |
Indianapolis-Carmel-Anderson |
| County: |
Madison |
| Tax ID/APN: |
48-04-15-202-089.000-027 |
| Zoning: |
B1 |
| Percent Occupied: |
50% |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Parking Type: |
Surface |
| Parking Description: |
Paved Asphalt |
| Total Parking Spaces: |
8 |
| Heat Type: |
Electricity |
| Heat Source: |
Baseboard |
| Fuel: |
Electric |
| Air Conditioning: |
Window Unit |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,039 |
8,039 |
15,101 |
| Median Age: |
38.36 |
38.36 |
40.71 |
| Households: |
3,159 |
3,159 |
6,046 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
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