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Key Details
Sold Price $2,600,000
Property Type Condo
Sub Type Apartment Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 27,600 sqft
Subdivision None
MLS Listing ID 202248359
Sold Date 10/20/23
Style Other
Bedrooms 42
Full Baths 28
Half Baths 14
Abv Grd Liv Area 27,600
Total Fin. Sqft 27600
Year Built 2022
Annual Tax Amount $5,000
Lot Size 1.180 Acres
Property Description
ATTENTION INVESTORS! Here's an opportunity to build just what you want. Whether you are just starting out or want to add to your portfolio; we have a plan for you. The owner of the property specializes in Multi-family construction. They just completed a similar project and are ready to start this complex for you. This site consist of 1.92 acres and has an existing detention pond. In our opinion the best use for the site would be a 14 unit residential rental complex consisting of fourteen 1448 square foot 3 bedroom 2.5 bath townhouses. All units will have a 288 square foot one car attached garage. All units will also have electric heat and central air. The price stated is turnkey today but subject to change with the ever changing commodity prices. We anticipate about 6 months construction time after approvals and permits. We also anticipate gross monthly rents to be $28,000 per month once fully occupied. The owner is the exclusive builder. They are flexible and open to your ideas. This development is subject to obtaining necessary government approvals. Pictures are for reference only.
Location
State IN
County Allen County
Area Allen County
Direction Just north of the intersection of Homestead Road and US 24. On the east side of the road.
Rooms
Dining Room 0
Interior
Flooring Mixed
Appliance Building, Land
Laundry , 14
Exterior
Amenities Available Patio Open
Waterfront No
Roof Type Asphalt,Shingle
Total Parking Spaces 14
Building
Lot Description Level
Story 2
Structure Type Brick,Vinyl
New Construction No
Schools
Elementary Schools Aboite
Middle Schools Summit
High Schools Homestead
School District Msd Of Southwest Allen Cnty
Others
Financing Conventional
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IDX information provided by the Indiana Regional MLS
Bought with Mark Noneman • Noneman Realty