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328 N State Street

Kendallville, IN 46755
  • $219,995
  • STATUS: Cont-AccptngBackupOffers
  • ON SITE: 35 Days
  • MLS #: 202235320
UPDATED: 37 min ago
$219,995
  • 7
    BEDS
  • 0.25
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 4,078
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1870
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

CASHFLOW!!!! This 5 plex offers a fantastic opportunity to own a 4000+ sq ft property with ample parking, a newer metal roof, vinyl siding, newer water heaters, ALL SPLIT UTILITIES, Each unit has its own electric meter, water meter, and two units have their own individual gas meter. This is very rare to find a purpose built 5 plex like this. All units are fully rented with several long term tenants. The property currently rents for $3358 and all tenants are month to month

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© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or North Eastern Group Realty. Data last updated: 2022-09-29T18:29:20.95.

www.teamtamara.com/homes/132425688
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328 N State Street Kendallville, IN 46755

  • Price: $219,995
  • Status: Cont-AccptngBackupOffers
  • On Site: 35 Days
  • Updated: 37 min ago
  • MLS #: 202235320
7
Beds
5
Baths
0
½ Baths
0.25
Acres
4,078
SQFT
$54
$/SQFT
1870
Built
Neighborhood:
None
County:
Noble
Area:
Noble
Elementary School:
North Side
Middle School:
East Noble
High School:
East Noble
School District:
East Noble Schools
Property Description
CASHFLOW!!!! This 5 plex offers a fantastic opportunity to own a 4000+ sq ft property with ample parking, a newer metal roof, vinyl siding, newer water heaters, ALL SPLIT UTILITIES, Each unit has its own electric meter, water meter, and two units have their own individual gas meter. This is very rare to find a purpose built 5 plex like this. All units are fully rented with several long term tenants. The property currently rents for $3358 and all tenants are month to month
Exterior Features

Exterior Vinyl Lot Description CornerLevel Lot Dimensions 66X166 Outbuilding None Parking Gravel Parking Spaces 7 Pool YN No Roof Material Metal Style Two Story Waterfront YN No

Interior Features

Above Grade Bedrooms 7 Above Grade Finished Sqft 4078 Above Grade Unfin Sq Ft 0 Amenities BasementOff Street Parking Basement Foundation CrawlPartial Basement Basement Material Block Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 2400 Cooling Window Dishwashers 0 Disposals 0 Dryers 0 Flooring CarpetLaminateVinyl Heating Fuel BaseboardForced Air Microwaves 0 Ranges Ovens 5 Refrigerators 5 Rooms Below Grade 1 Total Baths 5 Total Below Grade Sqft 2400 Total Sq Ft 6478 Unit1 Basement YN No Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 2 Unit3 Basement YN No Unit4 Basement YN No Unit5 Basement YN No Wash Dry Hookups 1 Washers 0

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 40296 Annual Insurance Expense 2000 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 36296 Annual Property Tax 2000 Annual Trash Expense 0 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 1 Efficiencies 0 Electric Meters 5 Excluded From Sale Tenant Property Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 2 Gross Monthly Income 3358 Gross Monthly Rent 3358 Lease Term Month To MonthWeek To Week New Construction No One Bedrooms 3 Owner Pays None Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Fiveplex Proposed Financing CashConventional Reo YN No Sale Includes BuildingLandLease Sewer City Tenant Pays CoolingElectricHeatingSewerTrash CollectionWater Three Bedrooms 0 Township Wayne Two Bedrooms 2 Unit1 Unit Rent 580 Unit1- Currently Rntd Y / N Yes Unit1- Garage Y / N No Unit2 Unit Rent 748 Unit2- Currently Rntd Y / N Yes Unit2- Garage Y / N No Unit3 Unit Rent 600 Unit3- Currently Rntd Y / N Yes Unit3- Garage Y / N No Unit4 Unit Rent 750 Unit4- Currently Rntd Y / N Yes Unit4- Garage Y / N No Unit5 Unit Rent 680 Unit5- Currently Rntd Y / N Yes Unit5- Garage Y / N No Units Rented 5 Water Meters 5 Water Utility City Year Taxes Payable 2021

Listing provided by Jordan Wildman of Exp Realty, Llc: .
© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or North Eastern Group Realty.


© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or North Eastern Group Realty. Data last updated: 2022-09-29T18:29:20.95.

 
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North Eastern Group Realty
6114 Constitution Drive
Fort Wayne IN, 46804