812 Daumer Road, Kouts, IN 46347 (MLS# 493411)

812 Daumer Road, Kouts, IN 46347

$935,000

Property Type: Commercial Sale Square Footage: 12,550 Lot Size (sq. ft.): 80,586 Status: Closed

Current Price: $935,000 List Date: 5/21/2021 Last Modified: 2/24/2024

Overview

Description

Excellent opportunity to own a fully leased apartment complex in a beautiful quiet Kouts neighborhood next to a municipal park. There are 12 units total, made up of 3 buildings containing 4 units per building. There is also detached garages for additional rental income. The all brick buildings would required minimal maintenance. All the units are 2 bedroom. There is also a large parking lot on the 1.85 acre property. Most tenants are long term tenants.

Listing Details MLS# 493411

General Property Information

Living Area: 12550
Building Area Source: Assessor
Year Built: 1976
Lot Size Acres: 1.85
Lot Size Square Feet: 80586
Lot Size Dimensions: 164x360x352
Stories: 2

Property Features

Building Features: Inside Corridor(s); Multi Tenant; Sheet Rock Ceiling(s); Other Construction Materials: Block; Brick; Concrete Cooling: Central Air Current Use: Multi-Family Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service Flooring: Carpet; Concrete; Vinyl Foundation Details: Concrete Perimeter Heating: Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Paved; Private Possession: Negotiable Possible Use: Multi-Family; Residential Rail Availability: None Road Frontage Type: City Street Roof: Composition Security Features: Security Lights Tenant Pays: Gas Utilities: Cable Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected Water Source: Public Showing Requirements: Appointment Only

Contract Information

Auction YN: No
Original List Price: 1050000
Property Sub Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant

Location Tax and Legal

Street Number: 812
Street Name: Daumer
Street Suffix: Road
County: Porter
State: IN
Postal Code: 46347
Subdivision Name: Strong's Addition

Remarks and Miscellaneous

Public Remarks: Excellent opportunity to own a fully leased apartment complex in a beautiful quiet Kouts neighborhood next to a municipal park. There are 12 units total, made up of 3 buildings containing 4 units per building. There is also detached garages for additional rental income. The all brick buildings would required minimal maintenance. All the units are 2 bedroom. There is also a large parking lot on the 1.85 acre property. Most tenants are long term tenants.

Status Change Information

Major Change Timestamp: 2021-09-30T03:29:10Z
Major Change Type: Status Change
Status Change Timestamp: 2021-09-29
Offer Acceptance Date: 2021-08-12
Close Date: 2021-09-29
Close Price: 935000
Concessions: No
Buyer Financing: Other

More Information

Building Features

Building Dimensions: 53x39
Inside Corridor(s): Yes
Multi Tenant: Yes
Sheet Rock Ceiling(s): Yes
Other: Yes

Exemption Information

Exemption YN: Y

Frontage Type

Frontage Length: 164

Income and Expenses

Electric Expense: 2042
Expense Year: 2020
Gross Scheduled Income: 102000
Insurance Expense: 3600
Net Operating Income: 77018
New Taxes Expense: 9360
Total Actual Rent: 102000
Gross Income: 0
Maintenance Expense: 0
Manager Expense: 0
Other Expense: 0
Professional Management Expense: 0
Sewer Expense: 0
Supplies Expense: 0
Trash Expense: 0
Water Expense: 0

Showing Requirements

Showing Instructions: 48 hour notice required - please use showingtime.
Appointment Only: Yes

Historical Information

Public Historical Remarks: Zoning: Resi, Utilities: On, Roof Structure: Gable, Fire Protect: Fire Extinguishers

Location, Tax, and Legal

Postal Code +4: 9784
Tax Legal Description: Legal Description: S 12 W1 2 NW NW SE 18-33-5 1.85A EX PAR SOLD DITCH
Parcel Number: 641618401004000014
Zoning Description: Residential
Township: Pleasant
Directions: West on Daumer to almost the end of the road. Off IN Route 49

Construction Materials

Block: Yes
Brick: Yes
Concrete: Yes

Cooling

Central Air: Yes

Electric

100 Amp Service: Yes
150 Amp Service: Yes
200+ Amp Service: Yes

Flooring

Carpet: Yes
Concrete: Yes
Vinyl: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Paved: Yes
Private: Yes

Possession

Negotiable: Yes

Road Frontage Type

City Street: Yes

Roof

Composition: Yes

Security Features

Security Lights: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Natural Gas Available: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes

Water Source

Public: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Tenant Pays

Gas: Yes

Current Use

Multi-Family: Yes

Possible Use

Multi-Family: Yes
Residential: Yes

Rail Availability

None: Yes

Listing Office: Century 21 Alliance Group

Last Updated: February - 24 - 2024

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