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Off market
    • $1,043,800

    11708 Ironton Rd #2001-2024, Shoals, IN 47581

    32beds
    16,736sqft
    Apartment Complex
    Built in 1996
    -- sqft lot
    $1,043,800 Zestimate®
    $62/sqft
    $-- HOA

    What's special

    Great Investment. 24 all brick units in Shoals- Martin County. This property offers a 8.5% cap rate and great NOI. 16- 1BD/1BA and 8- 2BD/1BA. Tenants pay their own electric and owner pays water (tenants pay a flat fee monthly to cover). Common Laundry room and playground. Showings are available with a 24 hour notice.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 32
    • Bathrooms: 24
    • Full bathrooms: 24
    Cooling
    • Other
    Appliances
    • Included: Range / Oven, Refrigerator
    • Laundry: Common Area, Unit 1 Laundry Room(Other), Unit 2 Laundry Room(Other), Unit 3 Laundry Room(Other), Unit 4 Laundry Room(Other), Unit 5 Laundry Room(Other), Unit 6 Laundry Room(Other)
    Features
    • Laminate Counters
    • Flooring: Tile, Carpet, Laminate, Linoleum / Vinyl
    • Basement: Crawl Space
    Interior area
    • Total interior livable area: 16,736 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 48
    • Parking features: Garage - Attached
    Features
    • Entry location: Unit 1 Level(Main),Unit 2 Level(Main),Unit 3 Level(Main),Unit 4 Level(Main)
    • Exterior features: Brick
    • Waterfront features: No Water Features
    Lot
    • Size: 1.51 Acres
    • Features: Level, Rural, 0 to 2.9999 Acres
    Details
    • Parcel number: 510629200019.000003

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Apartment Complex
    Condition
    • Year built: 1996

    Utilities & green energy

    • Electric: Daviess-Martin REMC
    • Sewer: City
    • Water: Public, Other Water Company
    • Utilities for property: Cable Connected

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Location
    • Region: Shoals

    HOA & financial

    Other financial information
    • Total actual rent: 106226

    Other

    Other facts
    • WaterSource: Public, Other Water Company
    • Flooring: Carpet, Laminate, Vinyl Tile
    • Appliances: Range/Oven, Refrigerator
    • Roof: Shingle
    • ArchitecturalStyle: Ranch
    • AttachedGarageYN: true
    • HeatingYN: true
    • CoolingYN: true
    • CommunityFeatures: Playground
    • LeaseTerm: 12 Months, Unit 1 Rent Frequency(Monthly), Unit 2 Rent Frequency(Monthly), Unit 3 Rent Frequency(Monthly), Unit 4 Rent Frequency(Monthly), Unit 5 Rent Frequency(Monthly), Unit 6 Rent Frequency(Monthly)
    • OwnerPays: Sewer, Water
    • ConstructionMaterials: Brick
    • NumberOfUnitsTotal: 24
    • LotFeatures: Level, Rural, 0 to 2.9999 Acres
    • Utilities: Cable Connected
    • Basement: Crawl Space
    • FarmLandAreaUnits: Square Feet
    • TrashExpense: 0
    • CoveredSpaces: 0
    • Cooling: Other
    • TenantPays: Electricity, Unit 1 Electric, Unit 2 Electric, Unit 3 Electric, Unit 4 Electric, Unit 5 Electric, Unit 6 Electric
    • LaundryFeatures: Common Area, Unit 1 Laundry Room(Other), Unit 2 Laundry Room(Other), Unit 3 Laundry Room(Other), Unit 4 Laundry Room(Other), Unit 5 Laundry Room(Other), Unit 6 Laundry Room(Other)
    • ParkingFeatures: Off Street, Parking Lot, Unit 1 Garage TypeNone), Unit 3 Garage TypeNone), Unit 4 Garage TypeNone), Unit 5 Garage TypeNone), Unit 2 Garage TypeBasement), Unit 6 Garage TypeBasement)
    • SecurityFeatures: Smoke Detector(s)
    • InteriorFeatures: Laminate Counters
    • BelowGradeFinishedArea: 0
    • FuelExpense: 0
    • NumberOfUnitsLeased: 20
    • RoomsTotal: 29
    • OtherExpense: 0
    • PropertySubType: Apartment Complex
    • PetsAllowed: Pet Restrictions
    • Sewer: City
    • MlsStatus: Active
    • ElectricExpense: 8109
    • GrossIncome: 8852
    • InsuranceExpense: 5275
    • MaintenanceExpense: 20660
    • NetOperatingIncome: 59111
    • EntryLocation: Unit 1 Level(Main),Unit 2 Level(Main),Unit 3 Level(Main),Unit 4 Level(Main)
    • WaterfrontFeatures: No Water Features
    • Electric: Daviess-Martin REMC
    • Heating: Other Heating Fuel
    • TaxAnnualAmount: 7000
    • TotalActualRent: 106226
    • WaterSewerExpense: 6071
    • ListPriceLow: 849000
    Services availability
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