6420 Evergreen Avenue, Portage, IN 46368

$12,500,000
Property Type: Residential Income Bedrooms: 50 Baths: 122 Square Footage: 120,000 Lot Size (sq. ft.): 55,539 Status: Closed
Current Price: $12,500,000 List Date: 4/29/2022 Last Modified: 2/23/2024

Overview

Description

122 Units multiple buildings62 One bedroom 1 bath Units60 two bedroom 1 bath unitsAddresses6495 Evergreen Ave6480 Evergreen Ave6465 Evergreen Ave6435 Evergreen Ave6420 Evergreen Ave2574 Parkview St

Listing Details MLS# 510550

General Property Information

New Construction YN
No
Number Of Units Total
122
Bedrooms Total
50
Bathrooms Full
99
Rooms Total
426
Bathrooms Total
122
Living Area
120000
Living Area Source
Estimated
Year Built
1975
Garage YN
No
Lot Size Acres
1.275
Lot Size Square Feet
55539
Lot Size Dimensions
Call Listing Agent
Waterfront YN
No
Basement YN
No
Bathrooms Half
0
Bathrooms Three Quarter
0
Garage Spaces
0
Carport Spaces
0
Parking Total
0

Property Features

Construction Materials: Brick Flooring: Carpet Interior Features: Elevator Lease Type: Net Listing Terms: Lease Option; Other Owner Pays: Sewer; Water Parking Features: Off Street Pets Allowed: Yes Possession: Close Of Escrow; Subject To Tenant Rights 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
12500000
Lease Considered YN
No
Listing Agreement
Exclusive Agency
Occupant Type
Tenant

Location Tax and Legal

Street Number
6420
Street Name
Evergreen
Street Suffix
Avenue
County
Porter
State
IN
Postal Code
46368
Subdivision Name
Bender's Rdg Un Two

Remarks and Miscellaneous

Public Remarks
122 Units multiple buildings62 One bedroom 1 bath Units60 two bedroom 1 bath unitsAddresses6495 Evergreen Ave6480 Evergreen Ave6465 Evergreen Ave6435 Evergreen Ave6420 Evergreen Ave2574 Parkview St

Status Change Information

Major Change Timestamp
2022-04-30T21:25:57Z
Major Change Type
Status Change
Status Change Timestamp
2022-04-30
Offer Acceptance Date
2022-04-30
Close Date
2022-04-30
Close Price
12500000
Concessions
No
Buyer Financing
Other

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

Electric Expense
30000
Expense Year
2021
Gross Income
20000
Gross Scheduled Income
1100000
Insurance Expense
32500
Maintenance Expense
15000
Manager Expense
45000
Net Operating Income
659500
New Taxes Expense
64000
Other Expense
35000
Sewer Expense
60000
Supplies Expense
20000
Total Actual Rent
1080000
Trash Expense
15000
Water Expense
24000
Professional Management Expense
0

Unit Details

Number Of One Bedroom Units
62
Number Of Two Bedroom Units
60

Unit 1

Unit Number
Yes
Square Feet
0
Rent
0

Showing Requirements

Showing Instructions
Call listing Agent

Historical Information

Public Historical Remarks
Array, Lease Type: Net

Location, Tax, and Legal

Postal Code +4
3053
Tax Assessed Value
0
Tax Legal Description
Legal Description: Call Listing Agent
Parcel Number
640513226008000016
Township
Portage
Directions
Ridge to Evergreen Ave

Construction Materials

Brick
Yes

Flooring

Carpet
Yes

Interior Features

Elevator
Yes

Listing Terms

Lease Option
Yes
Other
Yes

Lock Box Information

Lock Box Serial Number
No

Parking Features

Off Street
Yes

Possession

Close Of Escrow
Yes
Subject To Tenant Rights
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: Listing Leaders Northwest
Last Updated: February - 23 - 2024
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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