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Key Details
Sold Price $275,000
Property Type Multi-Family
Sub Type Fiveplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,168 sqft
Subdivision None
MLS Listing ID 202100570
Sold Date 03/01/21
Style Multi-Story (3+)
Bedrooms 8
Full Baths 5
Abv Grd Liv Area 2,368
Total Fin. Sqft 3168
Year Built 1930
Tax Year 2021
Lot Size 8,363 Sqft
Property Description
This immaculate 5-plex, located just steps from the Trine University campus, could be just the opportunity you're looking for. All units are currently rented, so monthly income stream is immediate upon purchase of the property. Each unit has a separate layout, and monthly rental income ranges between 600-$700 per unit. Landlord pays gas (between $50-$55/month in summer, between $175-$240/month in the winter). Tenants pay electric, which is metered and added to rental invoice. Property maintenance for the previous year (lawn care, cleaning, painting, carpet repair, drywall repair, plumbing, fire extinguisher inspections, etc.) was just under $3500 for the previous year. Leases for all units are available, as well as more detailed information about improvements to each unit.
Location
State IN
Area Steuben County
Direction W. Maumee to S. Darling St. to Park Ave. corner of Park and S. Superior
Rooms
Family Room 600 x 700
Dining Room 2 x 700
Kitchen , 700 x 700
Interior
Flooring Carpet, Laminate
Appliance Lease
Laundry , 0
Exterior
Exterior Feature Laundry Facilities
Fence Chain Link, Wood
Amenities Available Basement, Fenced Yard, Cable Ready, Countertops-Laminate
Waterfront No
Roof Type Shingle
Building
Lot Description Corner, Level
Story 2
Structure Type Wood
New Construction No
Schools
Elementary Schools Hendry Park
Middle Schools Angola
High Schools Angola
School District Msd Of Steuben County
Others
Financing Cash,Conventional
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IDX information provided by the Indiana Regional MLS
Bought with John F Stock • RE/MAX Results - Angola office
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