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    201 N 12th Street

    Richmond, IN 47933
    • $350,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 21811542
    $350,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1890
    County:

    School Ratings & Info

    School District:

    Description

    This is a rare opportunity for the experienced or new investor. This turnkey property includes 3 buildings with a total of 12 units, 16 beds, and 14 baths. Currently all units are rented out with year long leases. Almost all units have been remodel or upgraded in the past year. Some units have long term tenants that have been there many years. Property addresses are as follows: 201 N 12th Street, 207 N 12th Street, and 218 N 11th Street. Property is being sold "As-Is".

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    © 2021 Metropolitan Indianapolis Board of REALTORS®. 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 BLC® listing service or Ferris Property Group.
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    201 N 12th Street Richmond, IN 47933

    • Price: $350,000
    • Status: Active
    • MLS #: 21811542
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1890
    Built
    Neighborhood:
    No Subdivision
    County:
    Wayne
    Area:
    8912 - Wayne - Wayne
    School District:
    Richmond Community
    Property Description
    This is a rare opportunity for the experienced or new investor. This turnkey property includes 3 buildings with a total of 12 units, 16 beds, and 14 baths. Currently all units are rented out with year long leases. Almost all units have been remodel or upgraded in the past year. Some units have long term tenants that have been there many years. Property addresses are as follows: 201 N 12th Street, 207 N 12th Street, and 218 N 11th Street. Property is being sold "As-Is".
    Exterior Features

    Architectural Style Traditonalamerican Construction Materials Brick Levels Two Lot Information Not Applicable Lot Size 9147 Structure Type Apartment Complex Unit Parking On Street

    Interior Features

    Basement YN Yes Full Baths MU 0 Half Baths MU 0 Rooms MU 0 Rooms Total MU 0 Sq Ft Main Upper 0

    Property Features

    Acres <1/4 Acre Building Information Fire Alarm Building Utilities Electric Contingency Act With No Contingency Current Financing ConventionalConventional1031Exchange Disclosure Other Not Applicable Disclosures Not Applicable Expenses 1139 Green Certification YN No Gross Operating Income 7050 Gross Potential Income 2500 Laundry Nolaundry Lot Number 0 Net Operating Income 5724 New Construction YN No Number Of Units Total 12 Possession Negotiable Property Attached YN No Property Sub Type 5+Units Commercial Reo Relocation YN No Rooms Total 0 Schools Richmond High Semi Annual Property Tax Amt 1120 Solid Waste Yes Tax Exemption None Tax Year 2021 Tenant Pays Other Township Wayne Transaction Type Sale

    Listing provided courtesy of Carpenter, Realtorsâ®. © 2021 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


    © 2021 Metropolitan Indianapolis Board of REALTORS®. 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 BLC® listing service or Ferris Property Group.
     
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    Ferris Property Group
    5868 E. 71st Street, Suite E-609
    Indianapolis IN, 46220