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.
Closed
$1,300,000
10601 Cunot Cataract Rd, Poland, IN 47868
36beds
20,232sqft
Apartment Complex
Built in 1999
-- sqft lot
$1,333,600 Zestimate®
$--/sqft
$1,166 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 14, 2024 at 09:39am
Listed by:
Ron Plecher Offc:812-323-1231,
Realty Professionals
Bought with:
BLOOM NonMember
NonMember BL
Source: IRMLS,MLS#: 202423104
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 36
- Bathrooms: 25
- Full bathrooms: 24
- 1/2 bathrooms: 1
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Water Heater
- Laundry: Washer Hookup
Features
- Ceiling Fan(s), Vaulted Ceiling(s), Open Floorplan
- Flooring: Carpet, Laminate, Vinyl Tile
- Has basement: No
Interior area
- Total structure area: 20,884
- Total interior livable area: 20,232 sqft
- Finished area above ground: 20,232
- Finished area below ground: 0
Property
Parking
- Total spaces: 44
- Parking features: Parking Lot, Concrete
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch Covered
- Fencing: Decorative,Wood
Lot
- Size: 5.99 Acres
- Dimensions: 781x417x1129x273
- Features: Level, Rural
Details
- Additional structures: None
- Additional parcels included: 6003-33-200-070.000-019
- Parcel number: 600328300840.000019
- Zoning description: Commercial Industrial
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Apartment Complex
Materials
- Brick, Vinyl Siding
- Foundation: Slab
- Roof: Dimensional Shingles
Condition
- New construction: No
- Year built: 1999
Utilities & green energy
- Electric: REMC
- Gas: CenterPoint Energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Clubhouse, Laundry Facilities, Sidewalks
Location
- Region: Poland
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 174767
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved