Valparaiso, IN 46383

$1,700,000
Property Type: Residential Income Baths: 17 Square Footage: 1 Lot Size (sq. ft.): 18,469 Status: Closed
Current Price: $1,700,000 List Date: 11/12/2021 Last Modified: 2/23/2024

Overview

Description

17 unit building close to college

Listing Details MLS# 505017

General Property Information

New Construction YN
No
Number Of Units Total
17
Bathrooms Full
17
Rooms Total
Yes
Bathrooms Total
17
Living Area
Yes
Living Area Source
Owner
Year Built
1966
Garage YN
No
Lot Size Acres
0.424
Lot Size Square Feet
18469
Lot Size Dimensions
SEE ASSESOR
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; Stucco Flooring: Vinyl Interior Features: Elevator Lease Type: Net Listing Terms: Cash; Lease Option; Other Other Equipment: None Owner Pays: Sewer; Water Parking Features: None Possession: Subject To Tenant Rights Road Surface Type: Asphalt Tenant Pays: Electricity; Gas Utilities: Electricity Available; Natural Gas Available; Sewer Available Water Source: Public

Contract Information

Auction YN
No
Original List Price
1700000
Lease Considered YN
Yes
Lease Term
Month To Month
Listing Agreement
Exclusive Agency
Occupant Type
Tenant

Location Tax and Legal

County
Porter
State
IN
Postal Code
46383
Subdivision Name
Woodhulls Add

Remarks and Miscellaneous

Public Remarks
17 unit building close to college

Status Change Information

Major Change Timestamp
2021-11-26T22:25:43Z
Major Change Type
Status Change
Status Change Timestamp
2021-11-26
Offer Acceptance Date
2021-11-14
Close Date
2021-11-26
Close Price
1700000
Concessions
Yes
Buyer Financing
Other

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

Expense Year
2020
Gross Scheduled Income
150000
Insurance Expense
6000
Net Operating Income
120000
New Taxes Expense
9929
Total Actual Rent
150000
Trash Expense
2000
Water Expense
5000
Electric Expense
0
Gross Income
0
Maintenance Expense
0
Manager Expense
0
Other Expense
0
Professional Management Expense
0
Sewer Expense
0
Supplies Expense
0

Unit Details

Number Of One Bedroom Units
7
Number Of Two Bedroom Units
10

Showing Requirements

Showing Instructions
Call Listing Agent

Historical Information

Public Historical Remarks
Array, Lease Type: Net

Location, Tax, and Legal

Postal Code +4
5753
Tax Assessed Value
0
Tax Legal Description
Legal Description: WOODHULLS ADD LOTS 3 & 4 & 1/2 VAC ALLEY BLK 15
Parcel Number
640924452001000004
Township
Center
Directions
Lincoln way to locust ave south to Indiana ave, building on the corner of Indiana and locust

Construction Materials

Brick
Yes
Stucco
Yes

Flooring

Vinyl
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Lease Option
Yes
Other
Yes

Lock Box Information

Lock Box Serial Number
No

Other Equipment

None
Yes

Parking Features

None
Yes

Possession

Subject To Tenant Rights
Yes

Road Surface Type

Asphalt
Yes

Utilities

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

Tenant Pays

Electricity
Yes
Gas
Yes
Listing Office: Listing Leaders Northwest
Last Updated: February - 23 - 2024
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