New Haven, IN 46774,342 E Lincoln Highway
New Haven, IN 46774,342 E Lincoln Highway
New Haven, IN 46774,342 E Lincoln Highway
New Haven, IN 46774,342 E Lincoln Highway
New Haven, IN 46774,342 E Lincoln Highway
New Haven, IN 46774,342 E Lincoln Highway
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$290,000

$309,900

6.4%
Est.Price: ?

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Est. payment /mo

0.47 Acres Lot


SOLD DATE : 03/15/2023

Key Details

Sold Price $290,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Begues

MLS Listing ID 202305987

Sold Date 03/15/23

Year Built 1955

Annual Tax Amount $3,696

Tax Year 2022

Lot Size 0.470 Acres

Property Description

Attention Investors! Turnkey income producing property. There is an ANNUAL NET income of $45,460 on this mixed use property. There are 12 units. In the front building there are 2 retail units-one is a salon ($650/mo rent) that has been rented for 7 years, the other could be an office or easily converted into an apartment. Sellers have a bid of $10,000 to convert to a residential apartment (rent to be $900/mo). There is also a studio ($700/mo rent) and a 2 bedroom ($1100/mo rent) apartment in this building. In the rear building there are 8 efficiency apartments, some with long term tenants. These rent for $400/month. There is a 9th efficiency space that is used as the maintenance room. A storage shed is located next to the efficiencies.

Location

State IN

Area Allen County

Direction On the Corner of Sturm and Lincoln Highway East

Interior

Flooring Carpet, Tile, Vinyl, Wood

Appliance Building, Land, Lease

Laundry , 16

Exterior

Waterfront No

Roof Type Metal,Shingle

Parking Type Parking lot

Total Parking Spaces 16

Building

Story 2

New Construction No

Others

Financing Cash,Conventional

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Indiana Regional MLS (IRMLS)
Listed by Neal Sherk • North Eastern Group Realty
Bought with Jeremy Moehring • Schrader RE and Auction/Fort Wayne
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