$825,000
$850,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
211 N BEACH Drive Monticello, IN 47960
24 Beds
16 Baths
11,550 SqFt
Key Details
Sold Price $825,000
Property Type Condo
Sub Type Apartment Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 11,550 sqft
Subdivision None
MLS Listing ID 202317730
Sold Date 05/26/23
Style Two Story
Bedrooms 24
Full Baths 16
Abv Grd Liv Area 11,550
Total Fin. Sqft 11550
Year Built 1969
Annual Tax Amount $5,547
Tax Year 20222023
Property Description
ENTERED FOR COMP PURPOSES ONLY - 16 unit apartment building which consists of 8 1-Bed/1-Bath units and 8 2-Bed/1-Bath units & an additional 11-stall garage with attached laundry room. 1 bedrm units rent for $575 mo. (all 8 are rented) 2 bedrm units rent for $625 mo. (7 rented /1 “under construction”) * GARAGE UNITS are rented separately for $40 a month to tenants on a "1st come / 1st serve" basis: 8 garages are currently rented (1 @ $35 a month) * TENANTS PAY: All utilities * SELLER PAYS: Laundry rm. water ($70 mo.), Building lights ($250 mo. avg.), Misc. repairs ($200 mo. avg.), Lawn care ($50 mo.),Dumpster for Tenant Trash ($138 mo.). * ANNUAL TAXES: $10,042.00 ('22 pay '23). APPLIANCES: Refrigerators/oven-range stay with each unit (a few of the 2 bed units also have dishwashers). NEWER FURNACES in units 1,2,3,4. NEWER H2O HEATERS- units 1,2,5,7,8,10,14,16. 4 TENANTS are HUD subsidized.
Location
State IN
Area White County
Zoning R-2 Single & Two-family Residential District
Direction NORTH ON MAIN ST TO NORTH BEACH DR. RIGHT TO BUILDING ON RIGHT.
Rooms
Dining Room 0
Interior
Flooring Carpet, Vinyl
Appliance Building, Business, Land
Laundry , 30
Exterior
Exterior Feature Laundry Facilities
Amenities Available Balcony, Patio Open, Water Heater Electric
Waterfront No
Roof Type Shingle
Total Parking Spaces 30
Building
Lot Description Level
Story 2
Structure Type Brick
New Construction No
Schools
Elementary Schools Oaklawn
Middle Schools Roosevelt
High Schools Twin Lakes
School District Twin Lakes School Corp.
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IDX information provided by the Indiana Regional MLS
Bought with Chris Thayer • REAL ESTATE NETWORK L.L.C