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
Waterfront YN
No
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; Other 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

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

Showing Requirements

Showing Instructions
48 hour notice required - please use showingtime.

Historical Information

Public Historical Remarks
Zoning: Resi, Utilities: On, Roof Structure: Gable, Fire Protect: Fire Extinguishers
Listing Office: Century 21 Alliance Group
Last Updated: February - 24 - 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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