4 Unit Multi Family Home Income Property

2 BR 1.5 BA | SEPARATE GAS & ELECTRIC | TOWNHOUSE ON FULL BASEMENTS | WOOD DECK | WALK-IN CLOSETS | PLENTY OF PARKING SPACE

16222 Old Lima Rd Huntertown, IN 46748 United States

Monday, May 6th, 2019 @ 6:00 pm

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4 Unit Multi Family Home Income Property
2 BR 1.5 BA | SEPARATE GAS & ELECTRIC | TOWNHOUSE ON FULL BASEMENTS | WOOD DECK | WALK-IN CLOSETS | PLENTY OF PARKING SPACE

This home features multiple living spaces, large wooden front porch, and 3,842 SF of paved parking. Perfect Income opportunity to the savvy investor. Property needs very little maintenance to be occupied. Includes great amenities that renters are looking for. Basement space, walk-in closets, and washer & dryer hook-ups. Located close to the central hub of Huntertown Indiana.

Open Houses:

Monday, April 15, 2019 @ 5:00-6:30 PM

Monday, April 29, 2019 @ 5:00-6:30 PM

APPLIANCES • FURNITURE • MOWERS • PAINT • CARPET PADDING • FLOORING • LADDERS • SABRE BIKE • OUTDOOR PATIO SET


**FREQUENTLY ASKED QUESTIONS**
Average Rent:

$600-$650 per unit.

Average Utilities Per Unit:
Summer-$35-$75 Electric, Gas $20-$30/ Winter-$30-$40 Electric, Gas $75-$90.

Water & Trash Included in Rent: $100-$125 Water for all units, $100-$120 Trash for all units. 

Taxes: $2,862.00 w/ No Exemptions (2017p 2018).

Insurance: 
$2,100 yr. 

Annual Maintenance Costs:
Less then $1,000.

Property Features

  • Units 1-4

    Please note units 1-4 are Identical but very in condition. Please see photos for representation.

  • Living Room:

    • 11x17
    • Carpet Flooring
    • Sliding Glass Back Door

  • Dining Area:

    • 6x10
    • Carpet Flooring
    • Hanging Light Fixture
    • Basement Door

  • Kitchen:

    • 8x9
    • Laminate Flooring
    • Built-in Cabinets
    • Laminate Countertops
    • Stainless Steel Dual Basin Sink
    • Dish Washer
    • Overhead Fan
    • Window
    • Ceiling Lighting

  • Foyer:

    • 5x6
    • Laminate Flooring
    • Coat Closet
    • Hanging Light Fixture

  • Half Bath

    • 4x6
    • Laminate Flooring
    • Built-in Cabinet & Sink
    • Wall Lighting

  • Jack & Jill Full Bath:

    • 5x17
    • Carpet & Laminate Flooring
    • Built-in Cabinet & Sink
    • Partition Door to Tub
    • Fiber Casted Tub w/ Shower Head
    • Wall Lighting

  • Bedroom #1:

    • 11x11
    • 5x6 Walk-in Closet
    • Carpet Flooring
    • Sliding Glass Window

  • Bedroom #2:

    • 11x11
    • 5x6 Walk-in Closet
    • Carpet Flooring
    • Sliding Glass Window

  • Unfinished Basement:

    • 17x27
    • Concrete Flooring
    • Water Proof Dry Wall
    • Utilities Located Here
    • Electric Washer & Dryer Hookups w/ Gas Potential

  • Additional Property Information:

    Taxes: $2,862.00 w/ No Exemptions (2017p 2018)
    Built: 1970
    • Allen County | Perry Twp | 4 Unit Multi Family Home
    • 3,944 FSF & 1,904 UFSF | City Water | City Sewer | Zoned R-3 | Separate Gas & Electric Per Unit
    • 40 Gal. Gas Water Heater Per Unit | Amana 80 Gas Furnace Per Unit | Amana Central Air Unit Per Unit | 60 Amp Breaker Box Per Unit | Electric Washer & Dryer Hookups w/ Gas Potential
    • NWAC School District

  • Units 1-4

    Please note units 1-4 are Identical but very in condition. Please see photos for representation.

Personal Property

  • Mowers:

    Yard-Man Push Mower, 6hp, 21" Cut; MTD Push Mower, 139cc, 22' Cut.

  • Appliances, Furniture, & Bike:

    4x Whirlpool Refrigerators; 4x admiral stoves; Metal round table w/ 4 metal chairs& cushions; Blue Love seat; Dark Wood Wardrobe; Wooden Futon. 2x Matching benches; 7 Drawer Dresser w/ mirror; 6 Drawer Dresser w/ Mirror; 2x Lamps; Patio set w/ 6 Chairs; Sabre Murray Bike.

  • Maintenance Materials & Ladders:

    4x 6' Metal Ladders; Matching Paint Supplies; Carpet padding; Laminate Flooring; Carpet; Scrap Wood; New Mansfield Toilet.

Real Estate Terms

Buyer Brokers welcome (contact auctioneer for details). $15,000 down day of auction, balance on closing. Buyer(s) to pay winning accepted bid price plus a 2.5% buyers premium (2.5% of winning bid) due at closing. Property sold subject to confirmation of the owner. Property sold as-is, where-is. Property sold for cash. (The sale of this property may be financed; however, the sale of this property IS NOT CONTINGENT to financing approval). The information stated in this brochure are the opinions of the sellers, Scheerer McCulloch Auctioneers, Inc. and its agents, however, the decision to bid on the real estate property is entirely up to the individual bidders based on their own individual inspections, research and opinions. All statements, measurements, zoning and tax information are from reliable sources, however, are not guaranteed to be accurate. Statements made day of auction takes precedence over any and all previous oral or written matter. Real estate closing within 40 days of auction. *Real estate taxes: Real estate tax information stated indicates what the current owner is required to pay and is merely a guideline (the new buyer’s real estate taxes may or may not be the same as what the current owners is required to pay). Real estate taxes prorated to date of closing. 

Personal Property Terms

10% buyers premium on all items. Cash, MC/VISA. All items sold as-is. Statements made day of sale take precedence over printed matter. All sales are final. Not responsible for accidents.