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1559 Broad Street

New Castle, IN 47362
  • $449,000
  • STATUS: Active
  • ON SITE: 140 Days
  • MLS #: 202245878
UPDATED: 76 min ago
$449,000
  • 8
    BEDS
  • 0.25
    ACRES
  • 4
    BATHS
  • 3
    1/2 BATHS
  • 8,354
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Ready to start or increase your investment portfolio? Truly turn key rental ready for you! This property consist of two separate buildings and one parking lot. The first building (1559-1561 #1-4 Broad) is a three story building with two commercial spaces on the main floor and two apartments on both the second and third floor for a total of six units. Each main floor commercial space is completely open front to back with a storage room and bathroom. The second floor features two, two bedroom apartments, both updated. The third floor features two more, updated two bedroom apartments. This building totals 9,414 square feet and also includes a full basement that is in great shape. Many recent updates to this building including exterior, windows, wiring, kitchens/baths, flooring, ect. The second building (1609 Broad), is a one story building with two commercial spaces. The front space is approximately 760 square feet and includes a store room, storage area, and bathroom. The back of this building features a side entry and garage door entry in back. This unit includes a storeroom, storage space, and full attached garage. Recent updates included new paint and siding. The parking lot in between the buildings is sold with the property and includes 12 parking spots. Additional public parking available in rear.

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© 2023 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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 MLS or McAfee Home Group | Century 21 Realty, Inc.. Data last updated: 2023-03-28T09:28:19.087.

www.myindianahomes.com/homes/134600353
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1559 Broad Street New Castle, IN 47362

  • Price: $449,000
  • Status: Active
  • On Site: 140 Days
  • Updated: 76 min ago
  • MLS #: 202245878
8
Beds
4
Baths
3
½ Baths
0.25
Acres
8,354
SQFT
$54
$/SQFT
1900
Built
Neighborhood:
Other
County:
Henry
Area:
Henry
Elementary School:
Eastwood
Middle School:
New Castle
High School:
New Castle
School District:
New Castle Community School Corp
Property Description
Ready to start or increase your investment portfolio? Truly turn key rental ready for you! This property consist of two separate buildings and one parking lot. The first building (1559-1561 #1-4 Broad) is a three story building with two commercial spaces on the main floor and two apartments on both the second and third floor for a total of six units. Each main floor commercial space is completely open front to back with a storage room and bathroom. The second floor features two, two bedroom apartments, both updated. The third floor features two more, updated two bedroom apartments. This building totals 9,414 square feet and also includes a full basement that is in great shape. Many recent updates to this building including exterior, windows, wiring, kitchens/baths, flooring, ect. The second building (1609 Broad), is a one story building with two commercial spaces. The front space is approximately 760 square feet and includes a store room, storage area, and bathroom. The back of this building features a side entry and garage door entry in back. This unit includes a storeroom, storage space, and full attached garage. Recent updates included new paint and siding. The parking lot in between the buildings is sold with the property and includes 12 parking spots. Additional public parking available in rear.
Exterior Features

Exterior BlockBrickMetal Lot Description Level Lot Dimensions 44X70 Outbuilding None Parking Spaces 12 Pool YN No Road Access City Road Surface Paved Roof Material Other Style Three Story Unit4 Garage Type None Waterfront YN No

Interior Features

Above Grade Bedrooms 8 Above Grade Finished Sqft 8354 Above Grade Unfin Sq Ft 540 Amenities BasementWater Heater GasWiring-Security System Basement Foundation Partial Basement Basement Material BlockBrick Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 2163 Cooling Multiple Cooling Units Dishwashers 0 Disposals 0 Dryers 0 Flooring Mixed Heating Fuel ElectricityForced AirGasRadiant Microwaves 4 Ranges Ovens 4 Refrigerators 4 Rooms Below Grade 0 Total Baths 7 Total Below Grade Sqft 2163 Total Sq Ft 11057 Unit1 Basement YN Yes Unit1 Bathrooms 1 Unit1 Bedrooms 0 Unit1 Sq Ft 1537 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 0 Unit2 Sq Ft 1233 Unit3 Basement YN No Unit3 Bathrooms 1 Unit3 Bedrooms 2 Unit3 Sq Ft 1055 Unit4 Basement YN No Unit4 Bedrooms 2 Unit4 Sq Ft 912 Unit5 Basement YN No Unit5 Bedrooms 2 Unit5 Sq Ft 1055 Unit6 Basement YN No Unit6 Bathrooms 1 Unit6 Bedrooms 2 Unit6 Sq Ft 912 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 2333 Annual Fuel Expense 5600 Annual Gross Rent 18852 Annual Insurance Expense 0 Annual Maint Expense 1200 Annual Misc 1200 Annual Net Income 3219 Annual Property Tax 2500 Annual Trash Expense 0 Annual Water Sewer Exp 2800 Assoc Dues Frequency Not Applicable Auction Y / N No Documents Available Survey Efficiencies 0 Electric Meters 5 For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 6 Gross Monthly Income 1571 Gross Monthly Rent 1571 Lease Term Month To Month New Construction No One Bedrooms 0 Owner Pays Building InsuranceFuelSewerTrash Collection Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Apartment Building Proposed Financing CashConventional Reo YN No Sale Includes Lease Sewer City Tenant Pays Electric Three Bedrooms 0 Township Henry Two Bedrooms 4 Unit1- Currently Rntd Y / N No Unit1- Garage Y / N No Unit2- Currently Rntd Y / N No Unit2- Garage Y / N No Unit3 Unit Rent 612 Unit3- Currently Rntd Y / N Yes Unit3- Garage Y / N No Unit4- Currently Rntd Y / N No Unit4- Garage Y / N No Unit5 Unit Rent 647 Unit5- Currently Rntd Y / N No Unit5- Garage Y / N No Unit6- Currently Rntd Y / N No Unit6- Garage Y / N No Units Rented 3 Water Company New Castle Utility Water Meters 2 Water Utility City Well Type Community Year Taxes Payable 2022

Listing provided by Cara Huffman of F.C. Tucker/Crossroads Real Estate: [IDXCONTACTINFORMATION].
© 2023 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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 MLS or McAfee Home Group | Century 21 Realty, Inc..


© 2023 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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 MLS or McAfee Home Group | Century 21 Realty, Inc.. Data last updated: 2023-03-28T09:28:19.087.

 
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