630 N Shelby Place, Hobart, IN 46342

$1,295,000
Property Type: Residential Income Bedrooms: 24 Baths: 24 Square Footage: 900 Lot Size (sq. ft.): 15,960 Status: Closed
Current Price: $1,295,000 List Date: 6/17/2015 Last Modified: 2/22/2024

Overview

Description

Very nice neighborhood featuring 3 apartment buildings 629 & 630 Shelby Pl & 2080 Rand St with 8 1 bedroom 1 bath apartments each. Central laundry in each building. Landlord pays for water, hot water, trash and sewer. Fully rented and profitable.

Listing Details MLS# 374489

General Property Information

Number Of Units Total
24
Bedrooms Total
24
Bathrooms Full
24
Rooms Total
72
Bathrooms Total
24
Living Area
900
Living Area Source
Owner
Year Built
1973
Lot Size Acres
0.3664
Lot Size Square Feet
15960
Lot Size Dimensions
150 X 250 each
Basement YN
No
Bathrooms Half
0
Bathrooms Three Quarter
0
Garage Spaces
0
Carport Spaces
0
Parking Total
0

Property Features

Construction Materials: Asphalt; Brick; Vinyl Siding Exterior Features: Balcony; Storage Flooring: Carpet; Linoleum Interior Features: Elevator Laundry Features: Common Area Lease Type: Net Listing Terms: Cash; Contract; Conventional; Lease Option Other Equipment: Intercom Owner Pays: Sewer; Water Parking Features: Off Street Patio And Porch Features: Deck; Patio Pets Allowed: Yes Security Features: Security System Special Listing Conditions: HUD Owned Tenant Pays: Electricity; Gas Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available Water Source: Public

Contract Information

Auction YN
No
Original List Price
1485000
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
630
Street Direction Prefix
N
Street Name
Shelby
Street Suffix
Place
County
Lake
State
IN
Postal Code
46342
Subdivision Name
US 6 & 51 neighborhood

Remarks and Miscellaneous

Public Remarks
Very nice neighborhood featuring 3 apartment buildings 629 & 630 Shelby Pl & 2080 Rand St with 8 1 bedroom 1 bath apartments each. Central laundry in each building. Landlord pays for water, hot water, trash and sewer. Fully rented and profitable.

Status Change Information

Major Change Timestamp
2024-02-16T22:34:14Z
Major Change Type
Price Reduced
Price Change Timestamp
2024-02-16T22:34:14Z
Status Change Timestamp
2016-03-23
Offer Acceptance Date
2016-02-19
Close Date
2016-03-23
Close Price
1295000
Buyer Financing
Cash

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

Electric Expense
6200
Expense Year
2013
Gross Income
3600
Gross Scheduled Income
153600
Insurance Expense
8600
Maintenance Expense
5500
Manager Expense
12000
Net Operating Income
80000
New Taxes Expense
8263
Other Expense
2500
Professional Management Expense
4000
Sewer Expense
6200
Supplies Expense
2500
Total Actual Rent
150000
Trash Expense
500
Water Expense
6200

Unit 1

Unit Number
Yes
Square Feet
0
Rent
0

Unit 2

Unit Description
629 Shelby Pl & 2080 Rand St
Unit Number
2
Square Feet
0
Rent
0

Showing Requirements

Showing Instructions
need notice to show

Historical Information

Public Historical Remarks
Array, Lease Type: Net

Location, Tax, and Legal

Postal Code +4
2558
School District
Hobart
Tax Assessed Value
0
Tax Legal Description
Legal Description: POKAGAN HEIGHTS UNIT NO.2 LOT 5
Parcel Number
450928127001000018
Township
Hobart
Directions
US 6 to Hwy51 turn left or south about 1 block to Rand St go left to Shelby Place and apartments see signs

Construction Materials

Asphalt
Yes
Brick
Yes
Vinyl Siding
Yes

Exterior Features

Balcony
Yes
Storage
Yes

Flooring

Carpet
Yes
Linoleum
Yes

Interior Features

Elevator
Yes

Laundry Features

Common Area
Yes

Listing Terms

Cash
Yes
Contract
Yes
Conventional
Yes
Lease Option
Yes

Lock Box Information

Lock Box Serial Number
No

Other Equipment

Intercom
Yes

Parking Features

Off Street
Yes

Patio And Porch Features

Deck
Yes
Patio
Yes

Security Features

Security System
Yes

Special Listing Conditions

HUD Owned
Yes

Utilities

Cable Available
Yes
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: Woodlands & Waters Real Esta
Last Updated: February - 22 - 2024
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