$350,000 Price Analysis    ♡   Poland, IN 47868 4 bed 2 bath 1,560 SqFt ($224/SqFt) 1.37 acre lot. Built 1991 Listed 2024-03-22, HOA $23, Taxes $1,424 | ✓ USDA Eligible near Poland, IN |
6065 and 6085 SR 42 are the addresses of these 2 duplexes with 4 units total that could be your next investment property!
Each unit hs 2 bedrooms, 1 bath, living room and kitchen with electric baseboard. Owner pays Cataract Water and trash pickup. Each unit has its own septic. Large parking area and backyard.
Within a few minutes from state boat dock ramp for Cataract Lake fishing, boating and fun. Small store for hot food and quick essentials. Good commute to I70 of SR 243. Must give notice t o view the rentals. HOA dues are $270 a year. Month to month lease on all units.
Presented by Beth Brummett at
Down Home Real Est & Auction.
Property MLS #202409469 from IRMLS
Bedrooms: 4
Total Bathrooms: 2 / 0
Full Bathrooms: 2
Full Bathrooms: 2
Furnished Description: Building
Flooring: Vinyl Tile
Flooring: Vinyl Tile
Heating Features: Electricity
Basement Description: Slab
Water Features: Boat Docking Rights
Lot Description: Level
Lot Size Acres: 1.37
Lot Size Dimensions: IRREGULAR
Lot Size Square Feet: 59677
Lot Size Acres: 1.37
Lot Size Dimensions: IRREGULAR
Lot Size Square Feet: 59677
Garage Spaces: 10
Association: Yes
Association Fee: 270
Association Fee Frequency: Annually
Calculated Total Monthly Association Fees: 23
Maintenance Expense: 1000
Association Fee: 270
Association Fee Frequency: Annually
Calculated Total Monthly Association Fees: 23
Maintenance Expense: 1000
Number of Buildings: 2
Number of Units: 4
Number of 1 Bedroom Units: 2
Number of 2 Bedroom Units: 2
Number of 3 Bedroom Units: 2
Number of 4 Bedroom Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 4
Unit-1 Square Feet: 780
Unit-2 Square Feet: 780
Unit-3 Square Feet: 780
Unit-4 Square Feet: 780
Unit 1 Total Actual Rent: 550
Unit 2 Total Actual Rent: 550
Unit 3 Total Actual Rent: 550
Unit 4 Total Actual Rent: 600
Number of Units: 4
Number of 1 Bedroom Units: 2
Number of 2 Bedroom Units: 2
Number of 3 Bedroom Units: 2
Number of 4 Bedroom Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 4
Unit-1 Square Feet: 780
Unit-2 Square Feet: 780
Unit-3 Square Feet: 780
Unit-4 Square Feet: 780
Unit 1 Total Actual Rent: 550
Unit 2 Total Actual Rent: 550
Unit 3 Total Actual Rent: 550
Unit 4 Total Actual Rent: 600
Elementary School: Cloverdale
High School: Cloverdale
Middle School: Cloverdale
School District: Cloverdale Community Schools
High School: Cloverdale
Middle School: Cloverdale
School District: Cloverdale Community Schools
Cloverdale High School is a public high school located approximately 6.3 miles away.
Map directions
Map directionsCloverdale Elementary School is a public elementary school located approximately 6.6 miles away.
Map directions
Map directionsCloverdale Middle School is a public elementary and middle school located approximately 6.6 miles away.
Map directions
Map directionsGood News Academy is a private high school located approximately 3.1 miles away.
Map directions
Map directionsIncome Includes: 27000
Lease Term: 1 Year
Tenant Pays: Electric
Lease Term: 1 Year
Tenant Pays: Electric
Annual Tax Amount: 1692
Source Listing Status: Active
County: Owen County
Directions: WEST ON SR 42 FROM CUNOT COMMUNITY CENTER, ACROSS FROM WATER TOWER.
Tax Year: 2024
Source Property Type: INVESTMENT
Insurance Expense: 1200
Number of Separate Water Meters: 2
Owner Pays: Association Dues, Building Insurance, Trash Collection, Water
Parcel Number: 60-03-29-200-090.710-019
Township: Jackson
Trash Expense: 1824
Source System Name: C2C
Source Listing Status: Active
County: Owen County
Directions: WEST ON SR 42 FROM CUNOT COMMUNITY CENTER, ACROSS FROM WATER TOWER.
Tax Year: 2024
Source Property Type: INVESTMENT
Insurance Expense: 1200
Number of Separate Water Meters: 2
Owner Pays: Association Dues, Building Insurance, Trash Collection, Water
Parcel Number: 60-03-29-200-090.710-019
Township: Jackson
Trash Expense: 1824
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $58,800 + $12,500 $71,300 | $1,424 |
| 2020 | $55,200 + $12,500 $67,700 | $1,354 |
| 2019 | $52,900 + $12,500 $65,400 | $1,308 |
| 2018 | $47,800 + $12,500 $60,300 | $1,207 |
| 2017 | $39,700 + $10,300 $50,000 | $1,000 |
| 2017 | $39,700 + $10,300 $50,000 | $1,000 |
| 2016 | $39,300 + $10,300 $49,600 | $1,000 |
| 2015 | $38,800 + $10,300 $49,100 | $992 |
| 2013 | $38,400 + $10,300 $48,700 | $974 |
| 2012 | $37,800 + $10,300 $48,100 | $962 |
| 2011 | $38,200 + $10,700 $48,900 | $876 |
| 2010 | $38,200 + $10,700 $48,900 | $982 |
| 2008 | $38,300 + $10,400 $48,700 | $1,036 |
Listed 2024-03-22
$350,000
IRMLS
Listed 2024-03-22
$350,000
MIBOR
$350,000
IRMLS
Listed 2024-03-22
$350,000
MIBOR
Net Operating Income: 18918
Total Square Feet Living: 1560
Year Built: 1991
Above Grade Finished Area: 1560
Property Age: 33
Levels or Stories: 1
Structure Type: Duplex
House Style: One Story
Total Area Main: 1560
Total Area Sqft: 1560
Year Built: 1991
Above Grade Finished Area: 1560
Property Age: 33
Levels or Stories: 1
Structure Type: Duplex
House Style: One Story
Total Area Main: 1560
Total Area Sqft: 1560
Sewer: Septic
City
Water Sewer Expense: 1416
City
Water Sewer Expense: 1416
Click Thumbnail Images To View Full Size
 |  |  |  |  |
 |  |  |  |  |
 | ||||
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.