112-128 S 15th Street, Chesterton, IN 46304

$825,000
Property Type: Residential Income Bedrooms: 16 Baths: 16 Square Footage: 9,720 Lot Size (sq. ft.): 24,829 Status: Closed
Current Price: $825,000 List Date: 7/23/2018 Last Modified: 2/22/2024

Overview

Description

Chesterton, 2 fully occupied, four-unit buildings. Each unit has its own attached 1 car over-sized garage with remote. Each building includes 1- 2 Bedroom/2 Bath unit and 3- 2 Bedroom/1.5 Bath units. Each unit has its own laundry. Fully occupied with good tenant history. This property has a gross annual income of $82,200, with a cap rate of 7%.

Listing Details MLS# 439490

General Property Information

New Construction YN
No
Number Of Units Total
8
Bedrooms Total
16
Bathrooms Full
10
Bathrooms Half
6
Rooms Total
48
Bathrooms Total
16
Living Area
9720
Living Area Source
Assessor
Year Built
1997
Garage YN
Yes
Garage Spaces
8
Parking Total
16
Accessibility Features YN
Yes
Lot Size Units
Acres
Lot Size Acres
0.57
Lot Size Square Feet
24829
Lot Size Dimensions
irr
Waterfront YN
No
Basement YN
No

Property Features

Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Basement: Crawl Space Construction Materials: Vinyl Siding Cooling: Central Air Exterior Features: Storage Flooring: Carpet; Ceramic Tile; Vinyl Heating: Forced Air; Natural Gas Interior Features: Elevator Laundry Features: In Unit; Other Lease Type: Net Listing Terms: Cash; Conventional; Lease Option Parking Features: Attached; Off Street Patio And Porch Features: Porch Pets Allowed: Yes Rent Includes: None Road Surface Type: Asphalt Tenant Pays: Electricity; Gas; Sewer; Water Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available Water Source: Public

Contract Information

Auction YN
No
Original List Price
898000
Lease Considered YN
No
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
112-128
Street Direction Prefix
S
Street Name
15th
Street Suffix
Street
County
Porter
State
IN
Postal Code
46304
Subdivision Name
Chicago Porter Home

Remarks and Miscellaneous

Public Remarks
Chesterton, 2 fully occupied, four-unit buildings. Each unit has its own attached 1 car over-sized garage with remote. Each building includes 1- 2 Bedroom/2 Bath unit and 3- 2 Bedroom/1.5 Bath units. Each unit has its own laundry. Fully occupied with good tenant history. This property has a gross annual income of $82,200, with a cap rate of 7%.

Status Change Information

Major Change Timestamp
2018-11-14T13:39:32Z
Major Change Type
Status Change
Status Change Timestamp
2018-11-14
Offer Acceptance Date
2018-11-13
Close Date
2018-11-14
Close Price
825000
Buyer Financing
Cash

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

Expense Year
2017
Gross Scheduled Income
82200
Insurance Expense
3470
Net Operating Income
63664
New Taxes Expense
9446
Other Expense
3220
Total Actual Rent
82200

Unit Details

Number Of Two Bedroom Units
8
Number Of Apartments
8

Unit 1

Unit Description
112
Unit Number
Yes
Identical Units
6
Square Feet
1200
Rent
800
# Of Rooms
2

Unit 2

Unit Description
114
Unit Number
2
Identical Units
6
Square Feet
1200
Rent
775
# Of Rooms
2

Unit 3

Unit Description
116
Unit Number
3
Identical Units
6
Square Feet
1200
Rent
875
# Of Rooms
2

Unit 4

Unit Description
118
Unit Number
4
Identical Units
2
Square Feet
1260
Rent
975
# Of Rooms
2

Unit 5

Unit Description
122
Unit Number
5
Identical Units
6
Square Feet
1200
Rent
875
# Of Rooms
2

Unit 6

Unit Description
124
Unit Number
6
Identical Units
6
Square Feet
1200
Rent
850
# Of Rooms
2

Unit 7

Unit Description
126
Unit Number
7
Identical Units
6
Square Feet
1200
Rent
900
# Of Rooms
2

Unit 8

Unit Description
128
Unit Number
8
Identical Units
2
Square Feet
1260
Rent
850
# Of Rooms
2

Showing Requirements

Showing Instructions
48 Hours minimum for all showings. Contact Agent to schedule

Historical Information

Public Historical Remarks
Array, Lease Type: Net
Listing Office: Seramur Properties, LLC
Last Updated: February - 22 - 2024
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