235-309 8th Avenue NW, DeMotte, IN 46310
$920,000
Property Type:
Commercial Sale
Square Footage:
10,512
Lot Size (sq. ft.):
39,248
Status:
Closed
Current Price:
$920,000
List Date:
5/12/2026
Last Modified:
6/29/2026
Overview
Description
Listing Details MLS# 838711
General Property Information
- Number Of Units Total
- 13
- Living Area
- 10512
- Building Area Source
- Assessor
- Year Built
- 1979
- Parking Total
- 20
- Lot Size Acres
- 0.901
- Lot Size Square Feet
- 39247.56
- Lot Size Source
- Assessor
- Waterfront YN
- No
- Basement YN
- No
- Stories
- 2
Property Features
Appliances:
Dishwasher; Gas Water Heater; Range; Range Hood; Refrigerator
Building Features:
Multi Tenant
Business Type:
Other
Construction Materials:
Brick; Wood Siding
Cooling:
Other
Current Use:
Multi-Family; Residential
Electric:
Other
Exterior Features:
Balcony
Flooring:
Carpet; Vinyl
Heating:
Forced Air; Natural Gas
Listing Terms:
Cash; Conventional
Lot Features:
Few Trees
Owner Pays:
Gas; Insurance; Sewer; Snow Removal; Taxes; Trash Collection
Parking Features:
Asphalt; Driveway
Possession:
Subject To Tenant Rights
Possible Use:
Multi-Family; Residential
Rail Availability:
None
Roof:
Shingle
Sewer:
Public Sewer
Special Listing Conditions:
None
Tenant Pays:
Electricity
Utilities:
Electricity Connected; Natural Gas Connected; Sewer Connected
View:
Neighborhood
Water Source:
Well
Contract Information
- Auction YN
- No
- Original List Price
- 899900
- Property Sub Type
- Multi Family
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- J&J LLC
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 235-309
- Street Name
- 8th
- Street Suffix
- Avenue
- Street Direction Suffix
- NW
- County
- Jasper
- State
- IN
- Postal Code
- 46310
- Subdivision Name
- N/A
Remarks and Miscellaneous
- Public Remarks
- Attention investors! This a rare opportunity to add some multi family rentals to your investment portfolio! These 2 adjoining apartment buildings are located in Demotte and offer giving you 13 units total in one convenient location. (10) of the units are 2 bedroom/1 bath with (3) units being 1 bed/1bath & all are fully occupied. All except 2 tenants are on month to month leases giving you the flexibility to implement your own leases and rents to meet your business model. If you're looking for more units the same sellers have 10 more units for sale just 140 ft way- see MLS # 838712. These opportunities rarely become available, don't miss out!
Status Change Information
- Major Change Timestamp
- 2026-06-29T18:09:31Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2026-06-29
- Offer Acceptance Date
- 2026-05-19
- Close Date
- 2026-06-29
- Close Price
- 920000
- Concessions
- Yes
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- Yes
- Exemptions
- 2% Deduction
Income and Expenses
- Gross Income
- 98700
- Insurance Expense
- 6003
- Net Operating Income
- 73708
- Operating Expense
- 24991.98
- Sewer Expense
- 5873.4
- Trash Expense
- 2541.12
Showing Requirements
- Showing Instructions
- Please use ShowingTime. Seller will provide access. Showings only being set Wed, Sat (all day), & Fri. 3pm and after.
Listing Office:
Countryside Realty
Last Updated: June - 29 - 2026
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