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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 814281
Year Built 1982
Annual Tax Amount $2,522
Tax Year 2024
Lot Dimensions HOA PROPERTY
Property Description
5 PROFESSIONALLY MANAGED FULLY RENTED 2BDRM 1 BATH condos are being offered as one package...These units are in 4 separate buildings...These are all long term tenants (4 of them have been here over 10 years)...Rock solid brick buildings with clean hallways, intercom security, tenant storage and coin laundry on every floor...all units come with fridge, stove, dishwasher & fireplace...Plenty of parking...Inground Pool...landscaped common areas with picnic tables...The units are all in good shape and rented...4 of the units have new furnace/AC and tower...a couple of the units could use new carpet but 4 of these tenants have been here for10 plus years...929-303 $945 (930 sq-ft) / 931-101 $950 (1180 sq-ft) / 933-106 $1000 (930 sq-ft) / 935-101 $945 (930 sq-ft) / 935-204 $930 (930 sq-ft)...HOA pays water, sewer, garbage, snow, grass, landscape, maintenance and building insurance...HOA fee 185 per/month...taxes 210 per/month...management fee 65 per/month...There has always been room to grow these rents...With some updates these rents could be increase by 40 or 50 %...Excellent location close to plenty of shopping, dining, entertainment and only a 10-minute drive to the train station.
Location
State IN
County Lake
Interior
Heating Forced Air
Fireplace N
Appliance Dishwasher, Refrigerator, Free-Standing Electric Oven
Exterior
Exterior Feature None
View Y/N true
View true
Others
Tax ID 45-07-34-202-006.000-006
Acceptable Financing NRA20241219102310356299000000
Listing Terms NRA20241219102310356299000000
Listed by BHHS Executive Realty
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