For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 21793982
Sold Date 07/19/21
Year Built 1962
Tax Year 2021
Lot Size 0.551 Acres
Acres 0.551
Property Sub-Type Multi-Family 5+
Property Description
Extremely well maintained 8 unit, 2 Bedroom Apartment. Professionally Managed w/5.15% CAP. All units leased. Solid tenant base. Low vacancy! Utilities are paid by tenants, except for common areas of property. (Landlord utilities average about $50/mo.) Roof (18 yrs), elec baseboard heat (1-10 yrs), elec water heaters (1-5 yrs), stove/refrig (4-7 yrs), orig hardwood floors (3 units covered w/carpet), windows (16 yrs), garage doors (8-12 yrs). Four (4)-2car garages (w/keypad entry) (Landlord currently does not charge additional fees for garage space), each apt has storage unit & washer/dryer hookup, mature trees, beautiful public park and pool across street. Excellent investment opportunity!
Location
State IN
County Dearborn
Zoning Residential MF - multi-fa
Interior
Cooling Separate Meters
Fireplace N
Exterior
Utilities Available Cable Connected, Sewer Connected, Water Connected
Roof Type Shingle
Building
Story Basement, Two
Foundation Poured Concrete
Architectural Style Ranch
Structure Type Aluminum Siding,Brick
New Construction false
Schools
School District Lawrenceburg Community School Corp
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

© 2025 Listings courtesy of MIBOR as distributed by MLS GRID. All Rights Reserved.
GET MORE INFORMATION