$900,000
$854,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
305 E Main ST Arcadia, IN 46030
0.55 Acres Lot
Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 21865222
Sold Date 08/02/22
Year Built 1975
Tax Year 2022
Lot Size 0.550 Acres
Acres 0.55
Property Sub-Type Multi-Family 5+
Property Description
Excellent investment opportunity. Twelve one bedroom apartments in six brick, single story, duplex units have 100% occupancy for years, with very low turnover rate. Centrally located in the growing Arcadia community. The complex currently participates in the USDA Voucher program for all of the current tenants at preset rental terms ($847/month). All units are extremely well maintained, but at reasonable annual expense. Roofs are 14 years old. Water, sewer and trash services are provided. All electric units are individually metered and tenant paid. Refrigerator, stove and washer/dryer hookups are provided. Baseboard heat. Tenants provide window A/C units. Cable available.
Location
State IN
County Hamilton
Zoning Residential
Interior
Cooling Separate Meters
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
Building
Story One
Foundation Slab
Architectural Style Other
Structure Type Brick
New Construction false
Schools
School District Hamilton Heights School Corp
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Broker/Owner | License ID: RB17000298