$215,000
$235,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
0.57 Acres Lot
SOLD DATE : 10/05/2021
Key Details
Sold Price $215,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Subdivision Other
MLS Listing ID 202102213
Sold Date 10/05/21
Year Built 1989
Annual Tax Amount $3,637
Tax Year 2020
Lot Size 0.570 Acres
Property Description
Attention investors! Modern post & beam constructed office building with four units, all leased with stable tenants and 2+ years remaining on existing leases. Convenient in-town location just one half block east of St Rd 15 and one block south of St Rd 25 (four blocks south of the courthouse). Easy in and out location, horseshoe shaped driveway with newer asphalt parking. Tenants pay all utilities (NIPSCO natural gas & electric, city sewer), private well. Suites 1-3 have GFA heat and central AC, suite 4 is unfinished storage unit with overhead door and hanging unit heater. Suite 1 (west end): $491.48 per month (includes pro-rated portion of taxes and insurance), lease term 3 years, 8-1-2019 thru 8-1-2022. Suites 2 & 3 (middle two units leased by same tenant): $2,041.88 per month (gross combined income for both unites) (includes pro-rated portion of taxes and insurance), lease term 5 years, 8-1-2019 thru 7-31-2024. Suite 4 (east end with overhead door): $150 per month, lease term 4 years 8-1-2019 thru 8-1-2023.
Location
State IN
Area Kosciusko County
Zoning C2
Direction From Winona Avenue (at the intersection of St Rd 25 and St Rd 15), go south on to Buffalo St (St Rd 15), east on Prairie St, go one half block, building on south side of street.
Interior
Flooring Carpet, Concrete, Vinyl
Appliance Building, Land, Lease
Laundry , 26
Exterior
Fence None
Waterfront No
Roof Type Shingle
Parking Type Off-street, asphalt
Total Parking Spaces 26
Building
Story 1
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 Randy Paris • Paris Property Management, LLC