For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $290,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Begues
MLS Listing ID 202305987
Sold Date 03/15/23
Year Built 1955
Annual Tax Amount $3,696
Tax Year 2022
Lot Size 0.470 Acres
Property Description
Attention Investors! Turnkey income producing property. There is an ANNUAL NET income of $45,460 on this mixed use property. There are 12 units. In the front building there are 2 retail units-one is a salon ($650/mo rent) that has been rented for 7 years, the other could be an office or easily converted into an apartment. Sellers have a bid of $10,000 to convert to a residential apartment (rent to be $900/mo). There is also a studio ($700/mo rent) and a 2 bedroom ($1100/mo rent) apartment in this building. In the rear building there are 8 efficiency apartments, some with long term tenants. These rent for $400/month. There is a 9th efficiency space that is used as the maintenance room. A storage shed is located next to the efficiencies.
Location
State IN
Area Allen County
Direction On the Corner of Sturm and Lincoln Highway East
Interior
Flooring Carpet, Tile, Vinyl, Wood
Appliance Building, Land, Lease
Laundry , 16
Exterior
Waterfront No
Roof Type Metal,Shingle
Parking Type Parking lot
Total Parking Spaces 16
Building
Story 2
New Construction No
Others
Financing Cash,Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
IDX information provided by the Indiana Regional MLS
Bought with Jeremy Moehring • Schrader RE and Auction/Fort Wayne