$254,500
$285,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
1639 S A ST Elwood, IN 46036
4,171 SqFt
Key Details
Sold Price $254,500
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 4,171 sqft
Price per Sqft $61
Subdivision No Subdivision
MLS Listing ID 21931048
Sold Date 12/27/23
Year Built 1895
Tax Year 2022
Lot Size 8,712 Sqft
Acres 0.2
Property Description
6 units available located within walking distance of downtown Elwood. 1 parcel contains two triplexes. This property consists of two 2 bedroom/1 bath units and four 1 bedroom/1 bath units. Plenty of value add here with the current vacant units being rehabbed and ready for immediate filling of tenants and room for rent adjustments to market rates. The roof was replaced in 2017 on both buildings. 5 of 6 electric water heaters have been replaced since 2017. There is a parking lot that allows for tenants to park on property. Each unit is metered separately for electric. Tenants pay electric. Landlord pays water, sewer, trash.
Location
State IN
County Madison
Zoning B1
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Sep Electric Meter, Sewer Connected, Water Connected
Building
Story Two
New Construction false
Schools
School District Elwood Community School Corp
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