Arcadia, IN 46030,305 E Main ST
Arcadia, IN 46030,305 E Main ST
Arcadia, IN 46030,305 E Main ST
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Listed by Roger Brackett • Fathom Realty

$900,000

$854,000

5.4%
Est.Price: ?

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Est. payment /mo

0.55 Acres Lot


SOLD DATE : 08/02/2022

Key Details

Sold Price $900,000

Property Type Commercial

Sub Type Commercial Units - 5+

Listing Status Sold

Purchase Type For Sale

Subdivision No Subdivision

MLS Listing ID 21865222

Sold Date 08/02/22

Year Built 1975

Tax Year 2022

Lot Size 0.550 Acres

Acres 0.55

Property Description

Excellent investment opportunity. Twelve one bedroom apartments in six brick, single story, duplex units have 100% occupancy for years, with very low turnover rate. Centrally located in the growing Arcadia community. The complex currently participates in the USDA Voucher program for all of the current tenants at preset rental terms ($847/month). All units are extremely well maintained, but at reasonable annual expense. Roofs are 14 years old. Water, sewer and trash services are provided. All electric units are individually metered and tenant paid. Refrigerator, stove and washer/dryer hookups are provided. Baseboard heat. Tenants provide window A/C units. Cable available.

Location

State IN

County Hamilton

Zoning Residential

Interior

Fireplace N

Laundry Connections All

Exterior

Exterior Feature Fence Partial, Fence Privacy

Building

Lot Description Access Street, Curbs, Sidewalks, Street Lights, Tree Mature

Story One

Foundation Crawl Space, Slab

Architectural Style Other

Structure Type Brick

New Construction false

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