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Description

This is a rare opportunity for the experienced or new investor. This turnkey property includes 3 buildings with a total of 12 units, 16 beds, and 14 baths. Currently all units are rented out with year long leases. Almost all units have been remodel or upgraded in the past year. Some units have long term tenants that have been there many years. Property addresses are as follows: 201 N 12th Street, 207 N 12th Street, and 218 N 11th Street. Property is being sold "As-Is".

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© 2021 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Dean Wagner Realtors.
www.wagnerrealtors.com/homes/121162587
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201 N 12th Street Richmond, IN 47933

  • Price: $350,000
  • Status: Active
  • Updated: 56 min ago
  • MLS #: 21811542
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1890
Built
Neighborhood:
No Subdivision
County:
Wayne
Area:
8912 - Wayne - Wayne
School District:
Richmond Community
Property Description
This is a rare opportunity for the experienced or new investor. This turnkey property includes 3 buildings with a total of 12 units, 16 beds, and 14 baths. Currently all units are rented out with year long leases. Almost all units have been remodel or upgraded in the past year. Some units have long term tenants that have been there many years. Property addresses are as follows: 201 N 12th Street, 207 N 12th Street, and 218 N 11th Street. Property is being sold "As-Is".
Exterior Features

Architectural Style Traditonalamerican Construction Materials Brick Levels Two Lot Information Not Applicable Lot Size 9147 Structure Type Apartment Complex Unit Parking On Street

Interior Features

Basement YN Yes Full Baths MU 0 Half Baths MU 0 Rooms MU 0 Rooms Total MU 0 Sq Ft Main Upper 0

Property Features

Acres <1/4 Acre Building Information Fire Alarm Building Utilities Electric Contingency Act With No Contingency Current Financing ConventionalConventional1031Exchange Disclosure Other Not Applicable Disclosures Not Applicable Expenses 1139 Green Certification YN No Gross Operating Income 7050 Gross Potential Income 2500 Laundry Nolaundry Lot Number 0 Net Operating Income 5724 New Construction YN No Number Of Units Total 12 Possession Negotiable Property Attached YN No Property Sub Type 5+Units Commercial Reo Relocation YN No Rooms Total 0 Schools Richmond High Semi Annual Property Tax Amt 1120 Solid Waste Yes Tax Exemption None Tax Year 2021 Tenant Pays Other Township Wayne Transaction Type Sale

Listing provided courtesy of Carpenter, Realtorsâ®. © 2021 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2021 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Dean Wagner Realtors.
 
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Dean Wagner Realtors
716 3rd Street
Columbus IN, 47201