2584 Parkview Street, Portage, IN 46368 (MLS# 807081)

2584 Parkview Street, Portage, IN 46368

$627,500

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Property Type: Residential Income Bedrooms: 8 Baths: 4 Lot Size (sq. ft.): 14,810 Status: Closed

Current Price: $627,500 List Date: 7/18/2024 Last Modified: 9/03/2024

Overview

Description

This exceptional fully leased property offers a unique opportunity for an owner to either occupy the units in the future or lease them out entirely. The property includes two spacious main level units, each encompassing approximately 1,140 square feet. One of these units is designed with a handicap-accessible ramp for convenient entry. Both units are thoughtfully designed with an open concept that seamlessly integrates the living, dining, and kitchen areas, creating a spacious and welcoming environment. Each unit includes two generously sized bedrooms, a full bathroom, and dedicated laundry rooms, enhancing the convenience and comfort for residents. The units are equipped with central air conditioning, ensuring a comfortable living environment throughout the year. Significant updates have been made to enhance the appeal of these units. Unit B has been upgraded with newer flooring and cabinets, providing a fresh and modern feel. Similarly, Unit D features newer cabinets and flooring, of ... (Read more)

Listing Details MLS# 807081

General Property Information

New Construction YN: No
Number Of Units Total: 4
Bedrooms Total: 8
Bathrooms Full: 4
Bathrooms Total: 4
Above Grade Finished Area: 4558
Living Area Source: Assessor
Year Built: 1992
Garage YN: Yes
Garage Spaces: 4
Accessibility Features YN: Yes
Lot Size Acres: 0.34
Lot Size Square Feet: 14810.4
Lot Size Source: Assessor
Association YN: No
Waterfront YN: No
Basement YN: No
Fireplace YN: No
Senior Community YN: No
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Below Grade Finished Area: 0

Property Features

Accessibility Features: Accessible Approach with Ramp Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Basement: Crawl Space Community Features: Curbs; Sidewalks Cooling: Central Air; Unit Control Electric: Separate Meters Exterior Features: Rain Gutters Fencing: None Flooring: Carpet; Linoleum Heating: Forced Air; Individual; Natural Gas Interior Features: Elevator Laundry Features: In Unit; Other Levels: 2-Sty Listing Terms: Cash; Conventional Lot Features: Corner Lot; Level; Paved Owner Pays: Water Parking Features: Attached; Garage Door Opener; On Street Patio And Porch Features: Deck; Patio Possession: Close Of Escrow Rent Includes: Trash Collection Road Frontage Type: City Street Road Surface Type: Paved Roof: Shingle Sewer: Public Sewer Tenant Pays: Electricity; Gas Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected Water Source: Public Showing Requirements: Call Listing Agent; No Lockbox

Contract Information

Auction YN: No
Original List Price: 645000
Property Sub Type: Quadruplex
Listing Agreement: Exclusive Right To Sell
Seller to consider offering concessions: Yes
Owner Name: OOF
Occupant Type: Tenant

Location Tax and Legal

Street Number: 2584
Street Name: Parkview
Street Suffix: Street
County: Porter
State: IN
Postal Code: 46368
Subdivision Name: Benders Ridge

Remarks and Miscellaneous

Public Remarks: This exceptional fully leased property offers a unique opportunity for an owner to either occupy the units in the future or lease them out entirely. The property includes two spacious main level units, each encompassing approximately 1,140 square feet. One of these units is designed with a handicap-accessible ramp for convenient entry. Both units are thoughtfully designed with an open concept that seamlessly integrates the living, dining, and kitchen areas, creating a spacious and welcoming environment. Each unit includes two generously sized bedrooms, a full bathroom, and dedicated laundry rooms, enhancing the convenience and comfort for residents. The units are equipped with central air conditioning, ensuring a comfortable living environment throughout the year. Significant updates have been made to enhance the appeal of these units. Unit B has been upgraded with newer flooring and cabinets, providing a fresh and modern feel. Similarly, Unit D features newer cabinets and flooring, offering a stylish and contemporary living space. Other notable highlights include the new roof (2022), rebuilt deck stairs (2023), new water heaters in each of the units, and 4 new A/C Units including new refrigerant and "A" coils. Overall, this property is a versatile investment, ideal for those looking to move in or generate rental income. Call today for more information!

Status Change Information

Major Change Timestamp: 2024-09-03T16:37:46Z
Major Change Type: Status Change
Status Change Timestamp: 2024-09-03
Offer Acceptance Date: 2024-07-24
Close Date: 2024-09-03
Close Price: 627500
Concessions: No
Buyer Financing: Conventional

More Information

Exemption Information

Exemption YN: No

Income and Expenses

Expense Year: 2023
Gross Scheduled Income: 64794
Net Operating Income: 49649
Operating Expense: 15145

Unit Details

Number Of Two Bedroom Units: 4

Unit 1

Unit Description: Unit A
Unit Number: Yes
Square Feet: 1140
Occupied YN: Yes
Rent: 1350
# Of Bedrooms: 2
# Of Bathrooms: Yes
# Of Full Baths: Yes

Unit 2

Unit Description: Unit B
Unit Number: 2
Square Feet: 1140
Occupied YN: Yes
Rent: 1315
# Of Bedrooms: 2
# Of Bathrooms: Yes
# Of Full Baths: Yes

Unit 3

Unit Description: Unit C
Unit Number: 3
Square Feet: 1140
Occupied YN: Yes
Rent: 1417.5
# Of Bedrooms: 2
# Of Bathrooms: Yes
# Of Full Baths: Yes

Unit 4

Unit Description: Unit D
Unit Number: 4
Square Feet: 1140
Occupied YN: Yes
Rent: 1317
# Of Bedrooms: 2
# Of Bathrooms: Yes
# Of Full Baths: Yes

Showing Requirements

Showing Instructions: Units to be shown after the acceptance of an offer. Please write offer subject to viewing the units.
Call Listing Agent: Yes
No Lockbox: Yes

Location, Tax, and Legal

Tax Annual Amount: 7082
Tax Year: 2023
Tax Legal Description: Benders Rdg Un 1
Parcel Number: 64-05-13-227-013.000-016
Additional Parcels YN: No
Township: Portage
Directions: Central Avenue to Parkview North to building on West side (corner lot)

Accessibility Features

Accessible Approach with Ramp: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Basement

Crawl Space: Yes

Community Features

Curbs: Yes
Sidewalks: Yes

Cooling

Central Air: Yes
Unit Control: Yes

Electric

Separate Meters: Yes

Exterior Features

Rain Gutters: Yes

Fencing

None: Yes

Flooring

Carpet: Yes
Linoleum: Yes

Heating

Forced Air: Yes
Individual: Yes
Natural Gas: Yes

Interior Features

Elevator: Yes

Laundry Features

In Unit: Yes
Other: Yes

Levels

2-Sty: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Corner Lot: Yes
Level: Yes
Paved: Yes

Parking Features

Attached: Yes
Garage Door Opener: Yes
On Street: Yes

Patio And Porch Features

Deck: Yes
Patio: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes

Water Source

Public: Yes

Owner Pays

Water: Yes

Rent Includes

Trash Collection: Yes

Tenant Pays

Electricity: Yes
Gas: Yes

Listing Office: McColly Real Estate

Last Updated: September - 03 - 2024

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