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201 Michigan Street Street

Walkerton, IN 46574
  • $195,000
  • STATUS: Cont-AccptngBackupOffers
  • ON SITE: 201 Days
  • MLS #: 202329188
$195,000
  • 6
    BEDS
  • 0.22
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,066
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1986
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Natashia Bontrager of McKinnies Realty, LLC: McKinniesRealty@gmail.com.

Description

Great addition to your investment portfolio! Two Buildings for a total of 5 Units. Value add opportunity with increasing rents and some TLC. Stable, long term tenants in place. Two Units are on Section 8, one year leases, Two Units are Market Tenants on M2M leases. One Unit is Vacant for your choosing. Tenants pay utilities. Owners pay taxes and insurance. Sold As-Is, Seller will not make any repairs. Cash, HM, DSCR, Conventional Pre-Approved Buyers Only. 24 Hours Notice Required.

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© 2024 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: 2024-03-04T00:27:48.03.

www.myindianahomes.com/homes/142475531
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201 Michigan Street Street Walkerton, IN 46574

  • Price: $195,000
  • Status: Cont-AccptngBackupOffers
  • On Site: 201 Days
  • MLS #: 202329188
6
Beds
5
Baths
0
½ Baths
0.22
Acres
3,066
SQFT
$64
$/SQFT
1986
Built
Neighborhood:
None
County:
St. Joseph
Area:
St. Joseph
Elementary School:
Walkerton
Middle School:
Urey
High School:
John Glenn
School District:
John Glenn School Corp.
Property Description
Great addition to your investment portfolio! Two Buildings for a total of 5 Units. Value add opportunity with increasing rents and some TLC. Stable, long term tenants in place. Two Units are on Section 8, one year leases, Two Units are Market Tenants on M2M leases. One Unit is Vacant for your choosing. Tenants pay utilities. Owners pay taxes and insurance. Sold As-Is, Seller will not make any repairs. Cash, HM, DSCR, Conventional Pre-Approved Buyers Only. 24 Hours Notice Required.
Exterior Features

Exterior BrickVinylWood Location City/Town/Suburb Lot Description Corner Lot Dimensions 85 X 113 Outbuilding None Parking PavedPrivateStreet Parking Spaces 5 Pool YN No Road Access City Road Surface Paved Roof Material RubberShingle Style One Story Waterfront YN No

Interior Features

Above Grade Bedrooms 6 Above Grade Finished Sqft 3066 Above Grade Unfin Sq Ft 0 Amenities Off Street ParkingCable AvailableCountertops-LaminateDetector-SmokeWater Heater Gas Basement Foundation None Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Wall AC Dishwashers 0 Disposals 0 Dryers 0 Flooring CarpetLaminate Heating Fuel Forced Air Microwaves 0 Ranges Ovens 5 Refrigerators 5 Rooms Below Grade 0 Total Baths 5 Total Below Grade Sqft 0 Total Sq Ft 3066 Unit1 Basement YN No Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 2 Unit3 Basement YN No Unit3 Bathrooms 1 Unit3 Bedrooms 1 Unit4 Basement YN No Unit4 Bedrooms 1 Wash Dry Hookups 5 Washers 0

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 28680 Annual Insurance Expense 3900 Annual Maint Expense 3618.25 Annual Misc 0 Annual Net Income 19035.25 Annual Property Tax 2126.5 Annual Trash Expense 0 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 2 Cross Street Roosevelt Rd. Documents Available LBP Form Efficiencies 0 Electric Company Town of Walkerton For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 2390 Gross Monthly Rent 2390 Lease Term 1 Year New Construction No One Bedrooms 4 Owner Pays Building InsuranceMaintenanceTax Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Fiveplex Proposed Financing CashConventionalPurchase Money Mortgage Reo YN No Sale Includes BuildingLand Sewer City Tenant Pays CableCoolingElectricFuelHeatingSewerTrash CollectionWater Three Bedrooms 0 Township Lincoln Two Bedrooms 1 Unit1 Unit Rent 625 Unit1- Currently Rntd Y / N Yes Unit1- Garage Y / N No Unit2 Unit Rent 570 Unit2- Currently Rntd Y / N Yes Unit2- Garage Y / N No Unit3 Unit Rent 675 Unit3- Currently Rntd Y / N Yes Unit3- Garage Y / N No Unit4 Unit Rent 520 Unit4- Currently Rntd Y / N Yes Unit4- Garage Y / N No Units Rented 4 Water Company Town of Walkerton Water Utility City Year Taxes Payable 2023

Listing provided by Natashia Bontrager of McKinnies Realty, LLC: McKinniesRealty@gmail.com.

© 2024 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..


© 2024 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: 2024-03-04T00:27:48.03.

 
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McAfee Home Group | Century 21 Realty, Inc.
2928 E Dupont Rd
Fort Wayne IN, 46825
Listing provided by Natashia Bontrager of McKinnies Realty, LLC: McKinniesRealty@gmail.com.