1529 Sheffield Avenue, Dyer, IN 46311 (MLS# 807061)

1529 Sheffield Avenue, Dyer, IN 46311

$750,000

Property Type: Residential Income Bedrooms: 10 Baths: 10 Lot Size (sq. ft.): 15,507 Status: Closed

Current Price: $750,000 List Date: 7/18/2024 Last Modified: 10/02/2024

Overview

Description

Discover an exceptional investment opportunity with this fully rented 5-unit apartment building located in one of the most sought-after areas in town. This property offers a perfect blend of convenience and comfort, ensuring strong rental demand and steady income. Each unit features 2 spacious bedrooms and 1 1/2 bathrooms, appealing to a wide range of tenants. Situated in a prime location, this building benefits from easy access to public transportation, top-rated schools, shopping centers, dining options, and entertainment venues. Basement provides potential for future development or additional rental income, offering a blank canvas for your vision. The building is well-maintained, ensuring minimal upkeep for the new owner. Each unit includes all appliances and is completely turn key. Whether you're a seasoned investor or looking to start your real estate portfolio, this property promises excellent returns and long-term value. This is a rare opportunity to acquire a fully occupied apa ... (Read more)

Listing Details MLS# 807061

General Property Information

New Construction YN: No
Number Of Units Total: 5
Bedrooms Total: 10
Bathrooms Full: 5
Bathrooms Half: 5
Rooms Total: 35
Bathrooms Total: 10
Above Grade Finished Area: 6155
Below Grade Unfinished Area: 3077
Building Area Total: 9232
Living Area Source: Assessor
Year Built: 1973
Garage YN: No
Parking Total: 10
Accessibility Features YN: No
Lot Size Area: 15507
Lot Size Units: Square Feet
Lot Size Acres: 0.356
Lot Size Square Feet: 15507
Lot Size Source: Assessor
Lot Size Dimensions: 107x145
Lot Dimensions Source: Assessor
Association YN: No
Waterfront YN: No
Basement YN: Yes
Fireplace YN: No
Senior Community YN: No

Property Features

Appliances: Dishwasher; Dryer; Gas Range; Microwave; Refrigerator; Washer Basement: Full Community Features: None Cooling: Central Air Exterior Features: Rain Gutters Fencing: None Flooring: Carpet; Ceramic Tile; Laminate Foundation Details: Block Heating: Forced Air; Natural Gas Interior Features: Ceiling Fan(s); Laminate Counters Laundry Features: Gas Dryer Hookup; In Basement; In Unit; Washer Hookup Levels: 2-Sty Listing Terms: Cash; Conventional Lot Features: Front Yard; Landscaped; Level; Near Public Transit; Paved; Rectangular Lot Other Structures: None Owner Pays: Grounds Care; Insurance; Repairs; Snow Removal; Taxes; Trash Collection Parking Features: Alley Access; Asphalt; Assigned; On Site; Parking Lot; Paved; Shared Driveway Patio And Porch Features: Patio Pets Allowed: Call Pool Features: None Possession: Subject To Tenant Rights Rent Includes: Gardener; Management; Trash Collection Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Asphalt Security Features: Fire Alarm Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: Cable TV; Electricity; Gas; Pest Control; Telephone; Water Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected; Underground Utilities View: Other Water Source: Public Window Features: Screens Showing Requirements: 24 Hour Notice; Restricted Hours; Showing Service

Contract Information

Auction YN: No
Original List Price: 950000
Lease Considered YN: No
Property Sub Type: Apartment
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Seller to consider offering concessions: Yes
Owner Name: 1529 Sheffield LLC
Occupant Type: Tenant

Location Tax and Legal

Street Number: 1529
Street Name: Sheffield
Street Suffix: Avenue
County: Lake
State: IN
Postal Code: 46311
Subdivision Name: Petsas Add 01

Remarks and Miscellaneous

Public Remarks: Discover an exceptional investment opportunity with this fully rented 5-unit apartment building located in one of the most sought-after areas in town. This property offers a perfect blend of convenience and comfort, ensuring strong rental demand and steady income. Each unit features 2 spacious bedrooms and 1 1/2 bathrooms, appealing to a wide range of tenants. Situated in a prime location, this building benefits from easy access to public transportation, top-rated schools, shopping centers, dining options, and entertainment venues. Basement provides potential for future development or additional rental income, offering a blank canvas for your vision. The building is well-maintained, ensuring minimal upkeep for the new owner. Each unit includes all appliances and is completely turn key. Whether you're a seasoned investor or looking to start your real estate portfolio, this property promises excellent returns and long-term value. This is a rare opportunity to acquire a fully occupied apartment building in a high-demand area. **Contact us today** to schedule a private viewing and explore the potential of this prime investment property. *Listing photos and floor plans have some minor artistic manipulation for presentation*

Status Change Information

Major Change Timestamp: 2024-10-02T17:30:49Z
Major Change Type: Status Change
Price Change Timestamp: 2024-08-16T13:45:08Z
Status Change Timestamp: 2024-10-02
Offer Acceptance Date: 2024-08-26
Close Date: 2024-10-02
Close Price: 750000
Concessions: No
Buyer Financing: Other

More Information

Exemption Information

Exemption YN: No

Income and Expenses

Gross Income: 84000
Insurance Expense: 6200
New Taxes Expense: 11539.5
Total Actual Rent: 84000

Public Survey Details

Public Survey Township: St. John

Unit Details

Number Of Two Bedroom Units: 5
Number Of Apartments: 5
Number Of Stores: 2

Unit 1

Unit Description: 1529
Unit Number: 1529
Square Feet: 1772
Occupied YN: Yes
Rent: 1700
# Of Rooms: 7
# Of Bedrooms: 2
# Of Bathrooms: 2
# Of Full Baths: Yes
# Of Half Baths: Yes

Unit 2

Unit Description: 1531
Unit Number: 1531
Square Feet: 1772
Occupied YN: Yes
Rent: 1200
# Of Rooms: 7
# Of Bedrooms: 2
# Of Bathrooms: 2
# Of Full Baths: Yes
# Of Half Baths: Yes

Unit 3

Unit Description: 1533
Unit Number: 1533
Square Feet: 1772
Occupied YN: Yes
Rent: 1200
# Of Rooms: 7
# Of Bedrooms: 2
# Of Bathrooms: 2
# Of Full Baths: Yes
# Of Half Baths: Yes

Unit 4

Unit Description: 1535
Unit Number: 1535
Square Feet: 1772
Occupied YN: Yes
Rent: 1700
# Of Rooms: 7
# Of Bedrooms: 2
# Of Bathrooms: 2
# Of Full Baths: Yes
# Of Half Baths: Yes

Unit 5

Unit Description: 1537
Unit Number: 1537
Square Feet: 1772
Occupied YN: Yes
Rent: 1200
# Of Rooms: 7
# Of Bedrooms: 2
# Of Bathrooms: 2
# Of Full Baths: Yes
# Of Half Baths: Yes

Showing Requirements

Showing Instructions: Tenant will give access with minimum 24 hour notice but 48 hour notice is appreciated.

Listing Office: Realty Executives Premier

Last Updated: October - 02 - 2024

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