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Randy Worrell

randy@randyworrell.com +1(317) 590-5709

Listed by Ron Plecher • RE/MAX Realty Professionals

$ 1,500,000

Est. payment -/mo

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Pending

10601 Cunot-Cataract RD Poland, IN 47868

20,232 SqFt

UPDATED:

09/17/2024 06:10 PM

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Pending

Purchase Type For Sale

Square Footage 20,232 sqft

Price per Sqft $74

MLS Listing ID 21986857

Year Built 1999

Tax Year 2023

Lot Size 5.990 Acres

Acres 5.99

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; request a copy from the listing agent. 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.

Location

State IN

County Owen

Zoning Commercial

Interior

Heating Electric, Forced Air

Cooling Central Electric

Fireplace N

Exterior

Exterior Feature Clubhouse, Lighting

Utilities Available Electricity Connected, Gas, Sep Electric Meter, Sep Gas Meter, Septic System, Water Connected

Waterfront false

View Y/N false

Roof Type Shingle

Building

Story One

Foundation Slab

Architectural Style Other

Structure Type Brick

New Construction false

Schools

Elementary Schools Cloverdale Elementary School

Middle Schools Cloverdale Middle School

High Schools Cloverdale High School

School District Cloverdale Community Schools

Randy Worrell

Broker

+1(317) 590-5709

Randy Worrell

10601 Cunot-Cataract RD Poland, IN 47868

Key Details

Location

Interior

Exterior

Building

Schools

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10601 Cunot-Cataract RD