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$80,000   Price Analysis
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338 340 W State St
Albany, IN 47320
3 bed 3 bath 1,685 SqFt ($47/SqFt)
0.25 acre lot. Built 1950
Listed 2023-12-06, Taxes $1,153
USDA Eligible
near Albany, IN
 

This extraordinary investment opportunity has 3 separate 1 Br apartments currently rented with tennts leased into 2024.

* No Longer For Sale *
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Also has an office space that could be converted to a 4th unit. Newer roof on the 340 2 story building and the 338 building has been fully updated recently as well.

Parking in b ack near the detached garage along with street parking in front. I have current rent, utilities and more details if needed.


Presented by Jason Burcham at
Coldwell Banker Real Estate Group - Muncie.
Listing Agent Photo

Property MLS #202343867 from IRMLS

Bedrooms: 3

Total Bathrooms: 3 / 0
Full Bathrooms: 3

Cooling Features: Window
Heating Features: Gas

Furnished Description: Building
Flooring: Mixed

Basement Description: Crawl

Lot Description: Level
Lot Size Acres: 0.25
Lot Size Dimensions: 66x132
Lot Size Square Feet: 10890

Garage Spaces: 6

Elementary School: Albany
High School: Delta
Middle School: Delta
School District: Delaware Community School Corp.

Albany Elementary School is a public elementary school located approximately 0.2 miles away.
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Delta Middle School is a public middle school located approximately 5.8 miles away.
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Delta High School is a public high school located approximately 5.9 miles away.
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Number of Units: 4
Number of 1 Bedroom Units: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Rooms in Unit-4: 1

Lease Term: 1 Year
Tenant Pays: Cable

Community Features: Off Street Parking

Source Listing Status: Sold
County: Delaware County
Directions: Head east on 28 into Albany as it turns to State street building is on North side of street
Tax Year: 2023
Source Property Type: INVESTMENT
Owner Pays: Building Insurance, Electric, Heating, Sewer
Parcel Number: 18-08-02-283-006.000-005
Township: Delaware
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$40,800 + $8,100
$48,900
$1,153
2020$41,200 + $8,100
$49,300
$1,188
2019$32,000 + $8,100
$40,100
$949
2018$31,900 + $8,100
$40,000
$913
2017$29,500 + $8,100
$37,600
$863
2017$29,500 + $8,100
$37,600
$863
2016$29,300 + $8,100
$37,400
$852
2015$29,000 + $8,100
$37,100
$860
2013$28,700 + $8,100
$36,800
$958
2012$28,300 + $8,100
$36,400
$935
2011$25,800 + $4,000
$29,800
$771
2010$46,600 + $4,000
$50,600
$1,327

Sold 2024-01-31
$75,000
IRMLS
Listed 2023-12-06
$80,000
IRMLS

Total Square Feet Living: 1685
Year Built: 1950
Above Grade Finished Area: 1685
Property Age: 74
Structure Type: Fourplex
House Style: Detached
Total Area Sqft: 1685

Sewer: City
City

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.