Rare opportunity to find an investment property like this one. This property offers lots of storage and 3 residential units. Large barn attached triplex offers 2 separate storage units, 1 storage unit is rented for $400 a month, the other storage unit has the start of what could be an efficiency apartment in it. The second barn has 5 garage bays. Unit #3 of the triplex was recently renovated. Owner pays electric in storage unit #5 to operate a lift pump, tenants pay all other utilities. Property being sold as-is. Zoned as 3 Family Dwell- Plotted Land. Seller wants to lease the south section of attached pole barn for the period of 1 year after sale. Rent rate to be negotiated.
Off market
$173,200
1421 E State Road 18, Kokomo, IN 46901
7beds
4,014sqft
MultiFamily
Built in 1954
-- sqft lot
$173,200 Zestimate®
$43/sqft
$1,187 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Baseboard, Forced air, Electric
Cooling
- Central, Wall
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Washer/Dryer Hookups
Features
- Other
- Basement: None
Interior area
- Total interior livable area: 4,014 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
Features
- Entry location: Unit 1 Level(Main),Unit 2 Level(Main),Unit 3 Level(Main),Unit 4 Level(Main)
- Exterior features: Vinyl, Brick, Metal
Lot
- Size: 0.68 Acres
- Features: Irregular Lot
Details
- Parcel number: 521426301015000004
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
- Roof: Asphalt
Condition
- Year built: 1954
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Location
- Region: Kokomo
HOA & financial
Other financial information
- Total actual rent: 16800
Other
Other facts
- Roof: Metal, Asphalt
- Heating: Baseboard, Forced Air, Electric
- Sewer: Septic Tank
- WaterSource: Well
- Appliances: Range/Oven, Refrigerator
- HeatingYN: true
- CoolingYN: true
- FoundationDetails: Slab
- NumberOfUnitsTotal: 3
- ConstructionMaterials: Vinyl Siding, Brick, Metal Siding
- LeaseTerm: Other
- PetsAllowed: Yes
- GrossIncome: 1400
- NumberOfBuildings: 4
- FarmLandAreaUnits: Square Feet
- OwnerPays: Taxes, Electricity
- NumberOfUnitsLeased: 2
- TrashExpense: 0
- WaterSewerExpense: 0
- MaintenanceExpense: 0
- Cooling: Central Air, Wall Unit(s)
- TenantPays: Electricity, Heating, Cooling
- InteriorFeatures: Other
- LotFeatures: Irregular Lot
- BelowGradeFinishedArea: 0
- ElectricExpense: 0
- FuelExpense: 0
- InsuranceExpense: 2000
- TotalActualRent: 16800
- Flooring: Mixed
- OtherExpense: 0
- LaundryFeatures: Washer/Dryer Hookups
- MlsStatus: Active
- EntryLocation: Unit 1 Level(Main),Unit 2 Level(Main),Unit 3 Level(Main),Unit 4 Level(Main)
- NetOperatingIncome: 13899.38
- ListPriceLow: 107900
- TaxAnnualAmount: 900.62
Services availability
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