406 W Indiana Street, Kouts, IN 46347

$730,000
Property Type: Residential Income Bedrooms: 16 Lot Size (sq. ft.): 53,579 Status: Closed
Current Price: $730,000 List Date: 7/12/2024 Last Modified: 9/11/2024

Overview

Description

Ready to own your very own apartment community with room to expand future development? In the center of Kouts, not far from bustling Valparaiso, this property includes 2 buildings with 8 units total featuring 2 bed 1 bath and private parking lot between. 6 total parcels included with sale. Average rent $867 per month with all units currently occupied. Tenants pay gas and electric. Updates through out the last several years and professionally managed for an easy transition. Add this wonderful opportunity to your rental portfolio!

Listing Details MLS# 806696

General Property Information

New Construction YN
No
Number Of Units Total
8
Bedrooms Total
16
Bathrooms Full
8
Above Grade Finished Area
7296
Year Built
1997
Garage YN
No
Lot Size Acres
1.23
Lot Size Square Feet
53579
Lot Size Source
Assessor

Property Features

Appliances: Dishwasher; Gas Range; Microwave; Refrigerator; Washer/Dryer Stacked Cooling: Central Air Exterior Features: None Flooring: Carpet; Linoleum; Tile Heating: Forced Air; Natural Gas Interior Features: Open Floorplan Levels: 2-Sty Listing Terms: Cash; Conventional Lot Features: Few Trees; Paved Owner Pays: Sewer; Trash Collection; Water Parking Features: Asphalt Possession: Close Of Escrow Sewer: Public Sewer Tenant Pays: Electricity; Gas Water Source: Public

Contract Information

Auction YN
No
Original List Price
730000
Property Sub Type
Apartment
Listing Agreement
Exclusive Right To Sell
Owner Name
Mslee Rental Properties LLC

Location Tax and Legal

Street Number
406
Street Direction Prefix
W
Street Name
Indiana
Street Suffix
Street
County
Porter
State
IN
Postal Code
46347
Subdivision Name
Madyson Apartments

Remarks and Miscellaneous

Public Remarks
Ready to own your very own apartment community with room to expand future development? In the center of Kouts, not far from bustling Valparaiso, this property includes 2 buildings with 8 units total featuring 2 bed 1 bath and private parking lot between. 6 total parcels included with sale. Average rent $867 per month with all units currently occupied. Tenants pay gas and electric. Updates through out the last several years and professionally managed for an easy transition. Add this wonderful opportunity to your rental portfolio!

Status Change Information

Major Change Timestamp
2024-09-11T01:04:13Z
Major Change Type
Status Change
Status Change Timestamp
2024-09-10
Offer Acceptance Date
2024-07-12
Close Date
2024-09-10
Close Price
730000
Concessions
No
Buyer Financing
Other

More Information

Exemption Information

Exemption YN
No

Unit 1

Unit Description
A1

Unit 2

Unit Description
A2

Unit 3

Unit Description
A3

Unit 4

Unit Description
A4

Unit 5

Unit Description
B1

Unit 6

Unit Description
B2

Unit 7

Unit Description
B3

Unit 8

Unit Description
B4
Listing Office: Brokerworks Group
Last Updated: September - 11 - 2024
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