$520,000 Price Analysis    ♡   Elkhart, IN 46516 16 bed 8 bath 7,920 SqFt ($65/SqFt) 0.28 acre lot. Built 1973 Listed 2024-03-27, Taxes $2,319 | Ⓧ USDA Ineligible due to location near Elkhart |
Great addition to your investment portfolio.
* Sale Pending *Cash prducing 8 unit build ing with a mix of new and long term tenants.
Some units have been updated with new paint and flooring. Off street parking in the rear of the building.
Presented by Michelle Bordeau at
Sunrise Realty.
Property MLS #202410129 from IRMLS
Bedrooms: 16
Total Bathrooms: 8 / 0
Full Bathrooms: 8
Full Bathrooms: 8
Cooling Features: Window
Heating Features: Electricity, Baseboard
Heating Features: Electricity, Baseboard
Furnished Description: Building, Land, Lease
Flooring: Carpet, Laminate, Vinyl
Flooring: Carpet, Laminate, Vinyl
Lot Description: Level
Lot Size Acres: 0.28
Lot Size Dimensions: 50 x 145
Lot Size Square Feet: 12197
Lot Size Acres: 0.28
Lot Size Dimensions: 50 x 145
Lot Size Square Feet: 12197
Garage Spaces: 8
Elementary School: Mary Beck
High School: Elkhart
Middle School: Pierre Moran
School District: Elkhart Community Schools
High School: Elkhart
Middle School: Pierre Moran
School District: Elkhart Community Schools
Pierre Moran Middle School is a public middle school located approximately 1.2 miles away.
Map directions
Map directionsRiverview Elementary School is a public elementary school located approximately 1.5 miles away.
Map directions
Map directionsElkhart Central High School is a public high school located approximately 0.3 miles away.
Map directions
Map directionsSt Vincent Depaul School is a private elementary and middle school located approximately 0.4 miles away.
Map directions
Map directionsNumber of Units: 8
Number of 2 Bedroom Units: 5
Number of 3 Bedroom Units: 3
Number of 2 Bedroom Units: 5
Number of 3 Bedroom Units: 3
Income Includes: 73699.92
Lease Term: Month to Month, 1 Year
Tenant Pays: Cable, Cooling, Electric, Heating
Lease Term: Month to Month, 1 Year
Tenant Pays: Cable, Cooling, Electric, Heating
Maintenance Expense: 2500
Community Features: Off Street Parking, Water Heater Electric
Annual Tax Amount: 2338.82
Source Listing Status: Pending
County: Elkhart County
Directions: Waterfall Dr, right on Division
Tax Year: 2023
Source Property Type: INVESTMENT
Insurance Expense: 3297
Number of Separate Electric Meters: 9
Number of Separate Water Meters: 1
Owner Pays: Building Insurance, Electric, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water
Parcel Number: 20-06-04-351-007.000-012
Township: Concord
Trash Expense: 2342.21
Source System Name: C2C
Source Listing Status: Pending
County: Elkhart County
Directions: Waterfall Dr, right on Division
Tax Year: 2023
Source Property Type: INVESTMENT
Insurance Expense: 3297
Number of Separate Electric Meters: 9
Number of Separate Water Meters: 1
Owner Pays: Building Insurance, Electric, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water
Parcel Number: 20-06-04-351-007.000-012
Township: Concord
Trash Expense: 2342.21
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $98,800 + $13,200 $112,000 | $2,319 |
| 2021 | $94,300 + $13,200 $107,500 | $2,298 |
| 2020 | $89,100 + $13,200 $102,300 | $2,690 |
| 2019 | $99,100 + $13,200 $112,300 | $2,226 |
| 2018 | $94,300 + $17,500 $111,800 | $2,431 |
| 2017 | $94,300 + $14,200 $108,500 | $2,453 |
| 2016 | $108,000 + $14,200 $122,200 | $2,376 |
| 2015 | $98,800 + $14,200 $113,000 | $2,664 |
| 2013 | $96,200 + $14,200 $110,400 | $4,176 |
| 2012 | $107,800 + $14,200 $122,000 | $2,551 |
| 2011 | $145,400 + $13,200 $158,600 | $3,274 |
| 2010 | $156,700 + $14,200 $170,900 | $3,526 |
| 2008 | $229,300 + $14,000 $243,300 | $6,769 |
| 2007 | $106,100 + $14,000 $120,100 | $3,229 |
| 2006 | $178,300 + $14,000 $192,300 | $4,779 |
Relisted 2024-05-04
$520,000
IRMLS
Listing removed 2024-04-23
$520,000
IRMLS
Listed 2024-03-27
$520,000
IRMLS
Sold 2021-05-21
$395,000
Public Record
Sold 2016-02-22
$155,000
Public Record
Listing removed 2015-12-31
$179,900
ElkHartCounty
Listed 2015-11-05
$179,900
ElkHartCounty
$520,000
IRMLS
Listing removed 2024-04-23
$520,000
IRMLS
Listed 2024-03-27
$520,000
IRMLS
Sold 2021-05-21
$395,000
Public Record
Sold 2016-02-22
$155,000
Public Record
Listing removed 2015-12-31
$179,900
ElkHartCounty
Listed 2015-11-05
$179,900
ElkHartCounty
Net Operating Income: 47984.72
Total Square Feet Living: 7920
Year Built: 1973
Above Grade Finished Area: 7920
Property Age: 51
Levels or Stories: 2
Structure Type: Eightplex
House Style: Two Story
Total Area Sqft: 7920
Year Built: 1973
Above Grade Finished Area: 7920
Property Age: 51
Levels or Stories: 2
Structure Type: Eightplex
House Style: Two Story
Total Area Sqft: 7920
Electric Expense: 4753.51
Sewer: City
City
Water Sewer Expense: 3113.66
Sewer: City
City
Water Sewer Expense: 3113.66
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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.