717 Moraine Trace, Schererville, IN 46375
$1,150,000
Property Type:
Residential Income
Bedrooms:
36
Baths:
24
Square Footage:
22,896
Lot Size (sq. ft.):
55,757
Status:
Closed
Current Price:
$1,150,000
List Date:
7/29/2015
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 377282
General Property Information
- New Construction YN
- No
- Number Of Units Total
- 24
- Bedrooms Total
- 36
- Bathrooms Full
- 24
- Rooms Total
- 132
- Bathrooms Total
- 24
- Living Area
- 22896
- Living Area Source
- Appraiser
- Year Built
- 1973
- Garage YN
- No
- Lot Size Acres
- 1.28
- Lot Size Square Feet
- 55757
- Lot Size Dimensions
- 1.28 Acres
- Waterfront YN
- No
- Basement YN
- Yes
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
- Garage Spaces
- 0
- Carport Spaces
- 0
- Parking Total
- 0
Property Features
Appliances:
Range; Refrigerator
Construction Materials:
Brick
Cooling:
Wall/Window Unit(s)
Heating:
Electric
Interior Features:
Elevator
Lease Type:
Net
Listing Terms:
Cash; Conventional; Lease Option
Lot Features:
Agricultural; Open Lot
Other Equipment:
None
Owner Pays:
Sewer; Water
Parking Features:
Off Street
Rent Includes:
Electricity; Other
Tenant Pays:
Electricity
Utilities:
Sewer Available
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 1249000
- Lease Considered YN
- Yes
- Lease Term
- Month To Month
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 717
- Street Name
- Moraine
- Street Suffix
- Trace
- County
- Lake
- State
- IN
- Postal Code
- 46375
- Subdivision Name
- NA
Remarks and Miscellaneous
- Public Remarks
- Very well maintained All BRICK 24 UNIT Building. Flexicore ceiling. includes income from coin operated washers and dryers. Tenants pay electricity for units (heat/stove/window A/C) owner pays water/sewer and garbage. Most are Long Term Tenants, but month to month leases. All Units Equipped with Electric Stove and Refrigerator. Over 48 parking spaces. Roof, Aluminum Soffits and Facia are approximately 14-15 years old and in Good Condition. Water Heater approximately 4-5 years new. Rent was low in 2013 & 2014.Mostly long term tenants, but some month to month leases. Price based on income Potential SELLER WILL NOT NEGOTIATE MUCH ON PRICE.
Status Change Information
- Major Change Timestamp
- 2015-11-02T13:37:37Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2015-11-02
- Offer Acceptance Date
- 2015-09-14
- Close Date
- 2015-11-02
- Close Price
- 1150000
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- Y
Income and Expenses
- Expense Year
- 2014
- Gross Income
- 4500
- Gross Scheduled Income
- 135313
- Insurance Expense
- 18988
- Maintenance Expense
- 2880
- Manager Expense
- 3420
- Net Operating Income
- 75627
- New Taxes Expense
- 21510
- Other Expense
- 1000
- Sewer Expense
- 4032
- Supplies Expense
- 500
- Total Actual Rent
- 130813
- Trash Expense
- 1524
- Water Expense
- 5832
- Electric Expense
- 0
- Professional Management Expense
- 0
Unit 1
- Unit Description
- 12 SIMILAR Units
- Unit Number
- Yes
- Identical Units
- 12
- Square Feet
- 954
- Rent
- 735
- # Of Rooms
- 2
Unit 2
- Unit Description
- 12 SIMILAR Units
- Unit Number
- 2
- Identical Units
- 12
- Square Feet
- 850
- Rent
- 615
- # Of Rooms
- Yes
Showing Requirements
- Showing Instructions
- Use showing assist
Historical Information
- Public Historical Remarks
- Array, Lease Type: Net
Location, Tax, and Legal
- School District
- Lake Central
- Tax Assessed Value
- 0
- Tax Legal Description
- Legal Description: RESUB. OF EASTWOOD SUB. UNIT NO.1 LOT 7
- Parcel Number
- 451116303002000036
- Township
- St. John
- Directions
- Route 41 south of Route 30 to Moraine, go east - 1st building.
- Cross Street
- Rte 41
Appliances
- Range
- Yes
- Refrigerator
- Yes
Construction Materials
- Brick
- Yes
Cooling
- Wall/Window Unit(s)
- Yes
Heating
- Electric
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Lease Option
- Yes
Lock Box Information
- Lock Box Serial Number
- No
Lot Features
- Agricultural
- Yes
- Open Lot
- Yes
Other Equipment
- None
- Yes
Parking Features
- Off Street
- Yes
Utilities
- 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
Rent Includes
- Electricity
- Yes
- Other
- Yes
Tenant Pays
- Electricity
- Yes
Listing Office:
Coldwell Banker Realty
Last Updated: February - 24 - 2024
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