2584 Parkview Street, Portage, IN 46368

$627,500
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 ...

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

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
Historical MLS number
445572
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.
Listing Office: McColly Real Estate
Last Updated: September - 03 - 2024
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