3555-3559 Ash Street, Portage, IN 46368

$4,680,000
Property Type: Residential Income Bedrooms: 50 Baths: 44 Square Footage: 40,000 Lot Size (sq. ft.): 112,951 Status: Closed
Current Price: $4,680,000 List Date: 3/18/2022 Last Modified: 2/24/2024

Overview

Description

44-unit property for sale. MLS does not allow actual number of bedrooms and bathrooms to be displayed. 74 bedrooms and 44 bathrooms. Basement is 19,604 sq ft.

Listing Details MLS# 509183

General Property Information

New Construction YN
No
Number Of Units Total
44
Bedrooms Total
50
Bathrooms Full
44
Rooms Total
162
Bathrooms Total
44
Living Area
40000
Living Area Source
Assessor
Year Built
1998
Garage YN
No
Lot Size Acres
2.593
Lot Size Square Feet
112951
Lot Size Dimensions
2.59 acres
Waterfront YN
No
Basement YN
Yes

Property Features

Basement: Full Construction Materials: Brick Exterior Features: Balcony; Storage Flooring: Carpet Interior Features: Elevator Lease Type: Net Listing Terms: Cash; Lease Option; Other Other Equipment: None Other Structures: Shed(s) Owner Pays: Sewer; Water Parking Features: Off Street Patio And Porch Features: Deck; Patio Possession: Close Of Escrow Tenant Pays: Electricity; Gas Utilities: Electricity Available; Natural Gas Available; Sewer Available Water Source: Public

Contract Information

Auction YN
No
Original List Price
4680000
Lease Considered YN
No
Listing Agreement
Exclusive Agency
Occupant Type
Tenant

Location Tax and Legal

Street Number
3555-3559
Street Name
Ash
Street Suffix
Street
County
Porter
State
IN
Postal Code
46368
Subdivision Name
N/A

Remarks and Miscellaneous

Public Remarks
44-unit property for sale. MLS does not allow actual number of bedrooms and bathrooms to be displayed. 74 bedrooms and 44 bathrooms. Basement is 19,604 sq ft.

Status Change Information

Major Change Timestamp
2022-03-21T12:03:21Z
Major Change Type
Status Change
Status Change Timestamp
2022-03-21
Offer Acceptance Date
2022-03-18
Close Date
2022-03-21
Close Price
4680000
Concessions
No
Buyer Financing
Other

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

Electric Expense
8000
Expense Year
2021
Gross Income
6000
Gross Scheduled Income
426000
Insurance Expense
20000
Maintenance Expense
5000
Net Operating Income
243229
New Taxes Expense
50771
Sewer Expense
22000
Supplies Expense
15000
Total Actual Rent
42000
Trash Expense
7000
Water Expense
22000

Unit 1

Unit Number
Yes

Showing Requirements

Showing Instructions
Please contact listing agent

Historical Information

Public Historical Remarks
Lease Type: Net
Listing Office: Listing Leaders Northwest
Last Updated: February - 24 - 2024
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