405 N 7th Street, Kentland, IN 47951
$1,000,000
Property Type:
Residential Income
Bedrooms:
32
Square Footage:
12,760
Lot Size (sq. ft.):
52,708
Status:
Closed
Current Price:
$1,000,000
List Date:
11/10/2023
Last Modified:
2/28/2024
Overview
Description
Listing Details MLS# 541529
General Property Information
- New Construction YN
- No
- Number Of Units Total
- 16
- Bedrooms Total
- 32
- Bathrooms Full
- 16
- Rooms Total
- 64
- Above Grade Finished Area
- 6380
- Below Grade Finished Area
- 6380
- Living Area
- 12760
- Living Area Source
- Assessor
- Year Built
- 1974
- Garage YN
- No
- Accessibility Features YN
- Yes
- Lot Size Acres
- 1.21
- Lot Size Square Feet
- 52708
- Lot Size Source
- Assessor
- Lot Size Dimensions
- 344x148
- Basement YN
- No
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
- Garage Spaces
- 0
- Carport Spaces
- 0
- Parking Total
- 0
Property Features
Accessibility Features:
Enhanced Accessible
Construction Materials:
Brick
Flooring:
Linoleum; Tile; Vinyl
Interior Features:
Elevator
Laundry Features:
Common Area
Lease Type:
Net
Listing Terms:
Cash; Conventional; Lease Option; VA Loan
Other Equipment:
None
Other Structures:
Shed(s)
Owner Pays:
Sewer; Water
Parking Features:
Off Street; None
Pets Allowed:
Yes
Possession:
Close Of Escrow; Negotiable
Road Surface Type:
Asphalt
Tenant Pays:
Electricity; Gas
Utilities:
Electricity Available; Natural Gas Available; Sewer Available
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 1300000
- Property Sub Type
- Apartment
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 405
- Street Direction Prefix
- N
- Street Name
- 7th
- Street Suffix
- Street
- County
- Newton
- State
- IN
- Postal Code
- 47951
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- Beautiful Brick Colonial Style Investment Opportunity!!! FULLY Updated 16 unit Building. All 2 bedroom, 1 bath units. 4 separate coin op laundry units. Fresh paint, updated kitchens within the last 2 years. All units are occupied.Income and Expenses for Qualified Buyers
Status Change Information
- Major Change Timestamp
- 2024-02-28T15:31:36Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2024-02-28
- Offer Acceptance Date
- 2023-12-23
- Close Date
- 2024-02-27
- Close Price
- 1000000
- Concessions
- No
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- Y
Income and Expenses
- Expense Year
- 2022
- Gross Scheduled Income
- 150000
- Electric Expense
- 0
- Gross Income
- 0
- Insurance Expense
- 0
- Maintenance Expense
- 0
- Manager Expense
- 0
- Net Operating Income
- 0
- New Taxes Expense
- 0
- Other Expense
- 0
- Professional Management Expense
- 0
- Sewer Expense
- 0
- Supplies Expense
- 0
- Total Actual Rent
- 0
- Trash Expense
- 0
- Water Expense
- 0
Unit Details
- Number Of Two Bedroom Units
- 16
- Number Of Apartments
- 16
Showing Requirements
- Showing Instructions
- Proof of Funds prior to any showings. Use Showing Time
Historical Information
- Public Historical Remarks
- Array, Lease Type: Net
Location, Tax, and Legal
- School District
- South Newton
- Tax Annual Amount
- 4057.48
- Tax Year
- 2023
- Tax Assessed Value
- 0
- Tax Legal Description
- Legal Description: PT NW SW SEC 22 T27N R9W 1.21AC TRACT 2 KENTLAND
- Parcel Number
- 561622332001000011
- Township
- Jefferson
- Directions
- US Hwy 41 to W 1550 S location on the East
Accessibility Features
- Enhanced Accessible
- Yes
Construction Materials
- Brick
- Yes
Flooring
- Linoleum
- Yes
- Tile
- Yes
- Vinyl
- Yes
Interior Features
- Elevator
- Yes
Laundry Features
- Common Area
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Lease Option
- Yes
- VA Loan
- Yes
Lock Box Information
- Lock Box Serial Number
- No
Other Equipment
- None
- Yes
Other Structures
- Shed(s)
- Yes
Parking Features
- Off Street
- Yes
- None
- Yes
Possession
- Close Of Escrow
- Yes
- Negotiable
- Yes
Road Surface Type
- Asphalt
- Yes
Utilities
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
Water Source
- Public
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Lease Type
- Net
- Yes
Owner Pays
- Sewer
- Yes
- Water
- Yes
Pets Allowed
- Yes
- Yes
Tenant Pays
- Electricity
- Yes
- Gas
- Yes
Listing Office:
The Real Estate Shoppe, LLC
Last Updated: February - 28 - 2024
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