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Off market
    • $1,097,100

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

    32beds
    16,736sqft
    Apartment Complex
    Built in 1996
    -- sqft lot
    $1,097,100 Zestimate®
    $66/sqft
    $835 Estimated rent

    Home value

    $1,097,100

    $922,000 - $1.29M

    $835/mo

    Zestimate® history
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    $835/mo

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    $835/mo

    Rent Zestimate®

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    $6,237/mo

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    $6,237/mo

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    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.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    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

    Price history

    DateEventPrice
    9/30/2021Sold$770,000-9.3%
    Source: IRMLS #201952127 Report a problem
    8/17/2021Pending sale$849,000
    Source: IRMLS #201952127 Report a problem
    1/20/2021Listing removed--
    Source: IRMLS Report a problem
    9/20/2020Price change$849,000-4.6%$51/sqft
    Source: Revestco LLC #201952127 Report a problem
    12/8/2019Listed for sale$889,700$53/sqft
    Source: Revestco LLC #201952127 Report a problem

    Public tax history

    Tax history is unavailable.

    Find assessor info on the county website

    Neighborhood: 47581

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    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Shoals Community
    • Middle: Shoals Community
    • High: Shoals
    • District: Shoals Community School Corp.

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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