$120,000
$125,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
3,996 SqFt
SOLD DATE : 07/22/2022
Key Details
Sold Price $120,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,996 sqft
Subdivision None
MLS Listing ID 202219200
Sold Date 07/22/22
Style Two Story
Bedrooms 6
Full Baths 4
Abv Grd Liv Area 3,996
Total Fin. Sqft 3996
Year Built 1900
Annual Tax Amount $2,400
Tax Year 2022
Lot Size 6,534 Sqft
Property Description
Great Investment property that doesn't come up too often. 4 unit apartment building with great cashflow. CAP rate over 11%. Property has recently had all the electric completely redone as well as other repairs that should increase the net return for future years. Property has separated electric and gas meters for each apartment. 1 water meter for all. Owner currently includes all utilities in the rent for ease on tenants but can definitely be made to have tenants pay these bills. Vacant unit is getting new kitchen flooring and a renter is lined up waiting to move in.
Location
State IN
Area Cass County
Direction East on North st. House on the corner of 12th and North St
Rooms
Family Room 725 x 600
Dining Room 0 x 650
Kitchen , 625
Interior
Flooring Wood
Appliance Building, Land
Laundry , 4
Exterior
Garage Spaces 1.0
Fence None
Amenities Available Basement
Waterfront No
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description Corner
Story 2
Structure Type Other
New Construction No
Schools
Elementary Schools Landis
Middle Schools Columbia/Logansport
High Schools Logansport
School District Logansport Community School Corp.
Others
Financing Cash,Conventional
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IDX information provided by the Indiana Regional MLS
Bought with Jordan Moran • Modern Real Estate