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10601 Cunot Cataract Road

Poland, IN 47868
  • $1,500,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 202423104
$1,500,000
  • 36
    BEDS
  • 5.99
    ACRES
  • 24
    BATHS
  • 1
    1/2 BATHS
  • 20,232
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1999
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Ron Plecher of RE/MAX Realty Professionals: Offc: 812-323-1231.

Description

There are a total of 24 units, all of which are currently leased with scheduled rent increases upon renewal. Each of the three buildings comprises four 2-bedroom/1 bath and four 1-bedroom/1 bath units. Notably, each unit offers a vaulted ceiling in the kitchen, dining, and living area, as well as a laundry closet with hook-ups for a stacked washer & dryer. Tenants have access to a community room with a full kitchen, a half-bathroom, and coin-operated laundry. The property has undergone several improvements, including roof replacements and upgraded utility services. Two of the buildings' roofs are only 1 year old, the 3rd roof is 3-4 years old. The owners have provided a list of other improvements that have been made since they purchased the property. As tenants vacated, that unit was rehabbed as needed. There are 40+ parking spaces with designated handicapped parking. Trash removal is included in the rent. Tenants pay all utilities. The property is only shown by appt. Please provide proof of funds or a loan pre-qualification letter before the appt. request. *Please note, the numbers work best for an owner-managed operation.

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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 Team Reagan Homes | Blackrock Real Estate Services. Data last updated: 2024-07-20T00:28:48.837.

www.teamreaganhomes.com/homes/151967872
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10601 Cunot Cataract Road Poland, IN 47868

  • Price: $1,500,000
  • Status: Active
  • On Site: 25 Days
  • MLS #: 202423104
36
Beds
24
Baths
1
½ Baths
5.99
Acres
20,232
SQFT
$74
$/SQFT
1999
Built
Neighborhood:
None
County:
Owen
Area:
Owen
Elementary School:
Cloverdale
Middle School:
Cloverdale
High School:
Cloverdale
School District:
Cloverdale Community Schools
Property Description
There are a total of 24 units, all of which are currently leased with scheduled rent increases upon renewal. Each of the three buildings comprises four 2-bedroom/1 bath and four 1-bedroom/1 bath units. Notably, each unit offers a vaulted ceiling in the kitchen, dining, and living area, as well as a laundry closet with hook-ups for a stacked washer & dryer. Tenants have access to a community room with a full kitchen, a half-bathroom, and coin-operated laundry. The property has undergone several improvements, including roof replacements and upgraded utility services. Two of the buildings' roofs are only 1 year old, the 3rd roof is 3-4 years old. The owners have provided a list of other improvements that have been made since they purchased the property. As tenants vacated, that unit was rehabbed as needed. There are 40+ parking spaces with designated handicapped parking. Trash removal is included in the rent. Tenants pay all utilities. The property is only shown by appt. Please provide proof of funds or a loan pre-qualification letter before the appt. request. *Please note, the numbers work best for an owner-managed operation.
Exterior Features

Architectural Style Ranch Driveway Concrete Exterior BrickVinyl Fence DecorativeWood Location Rural Lot Description Level Lot Dimensions 781x417x1129x273 Outbuilding None Parking Lot Parking Spaces 44 Pool YN No Road Access County Road Surface Paved Roof Material Dimensional Shingles Style One Story Unit1 Garage Type None Unit2 Garage Type None Water Features None Waterfront YN No

Interior Features

Above Grade Bedrooms 36 Above Grade Finished Sqft 20232 Above Grade Unfin Sq Ft 0 Amenities Ceiling FanCable AvailableCeilings-VaultedDetector-SmokeOpen Floor PlanPorch CoveredWater Heater ElectricWasher Hook-Up Basement Foundation Slab Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Central Air Dishwashers 25 Disposals 0 Dryers 3 Flooring CarpetLaminateVinyl Tile Heating Fuel GasForced Air Main Level Sq Ft 20232 Microwaves 0 Ranges Ovens 25 Refrigerators 25 Rooms Below Grade 0 Total Baths 25 Total Below Grade Sqft 0 Total Sq Ft 20232 Unit1 Basement YN No Unit1 Bathrooms 1 Unit1 Bedrooms 2 Unit1 Sq Ft 853 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 1 Unit2 Sq Ft 652 Upper Level Sq Ft 0 Wash Dry Hookups 24 Washers 3

Property Features

Annual Electric Expense 3107 Annual Fuel Expense 3106 Annual Gross Rent 174767 Annual Insurance Expense 9175 Annual Maint Expense 6000 Annual Misc 2512 Annual Net Income 144696 Annual Property Tax 3242 Annual Trash Expense 1687 Annual Water Sewer Exp 1242 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 3 Cable Company Other Common Amenities ClubhouseLaundry FacilitiesSidewalks Cross Street IN 42 W Documents Available Aerial PhotoIncome/Expenses Efficiencies 0 Electric Company REMC Electric Meters 25 Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 0 Gas Company CenterPoint Energy Gas Meters 25 Gross Monthly Income 14564 Gross Monthly Rent 14370 Inside City Limits No Lease Term 1 Year New Construction No One Bedrooms 12 Owner Pays Building InsuranceLawn MaintenanceMaintenanceSnow RemovalTaxTrash Collection Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Apartment Complex Proposed Financing CashConventional Reo YN No Restrictions YN Yes Sale Includes BuildingBusinessLand Sewer Septic Tenant Pays CableCoolingElectricFuelHeatingSewerWaterDeposit Value Three Bedrooms 0 Township Jackson Two Bedrooms 12 Unit1 Unit Rent 700 Unit1- Currently Rntd Y / N Yes Unit1- Garage Y / N No Unit2 Unit Rent 550 Unit2- Currently Rntd Y / N Yes Unit2- Garage Y / N No Units Rented 24 Water Company Other Water Meters 25 Water Utility Public Year Taxes Payable 2024 Zoning Description Commercial Industrial

Listing provided by Ron Plecher of RE/MAX Realty Professionals: Offc: 812-323-1231.

© 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 Team Reagan Homes | Blackrock Real Estate Services.


© 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 Team Reagan Homes | Blackrock Real Estate Services. Data last updated: 2024-07-20T00:28:48.837.

 
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Listing provided by Ron Plecher of RE/MAX Realty Professionals: Offc: 812-323-1231.