Don't miss out on this excellent investment opportunity with great ROI potential - 2 buildings with 8 units total offered on scenic Lake of the Woods! Accessible to 30 feet of lake access. With annual gross rents in excess of $70K and low operating expenses this is great opportunity. With many units recently updated, an on-site outbuilding usable for additional garage space or storage, newer metal roofing, and the property currently operating at full occupancy, this apartment package can be acquired with positive cashflow from day one! Loads of possibilities and a solid return on investment so don't wait - schedule your showing today!
Off market
$176,400
4479 E Shore Dr, Bremen, IN 46506
20beds
9,335sqft
MultiFamily
Built in 1972
-- sqft lot
$-- Zestimate®
$19/sqft
$1,034 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 12
- Full bathrooms: 9
- 1/2 bathrooms: 3
Heating
- Other
Appliances
- Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
- Laundry: Washer/Dryer Hookups
Features
- Other
- Flooring: Carpet, Laminate, Linoleum / Vinyl
Interior area
- Total interior livable area: 9,335 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 18
- Parking features: Garage - Attached
Features
- Entry location: Unit 1 Level(Main),Unit 2 Level(Upper),Unit 3 Level(Main),Unit 4 Level(Upper)
- Exterior features: Other, Shingle (Not Wood), Vinyl, Metal
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 0.88 Acres
Details
- Parcel number: 504307000158001005
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Asphalt
Condition
- Year built: 1972
Utilities & green energy
- Sewer: Other
- Water: Well
Community & neighborhood
Location
- Region: Bremen
HOA & financial
Other financial information
- Total actual rent: 75612
Other
Other facts
- ViewYN: true
- Flooring: Carpet, Laminate, Vinyl
- WaterSource: Well
- Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Microwave, Washer
- HeatingYN: true
- CoolingYN: true
- FoundationDetails: Slab
- TenantPays: Snow Removal, Cable TV, Electricity, Sewer, Trash Collection, Heating, Cooling, Deposit Value, Unit 1 Electric, Unit 2 Electric, Unit 3 Electric, Unit 4 Electric, Unit 1 Gas, Unit 2 Gas, Unit 3 Gas, Unit 4 Gas, Unit 5 Gas, Unit 5 Electric, Unit 6 Electric, Unit 6 Gas
- ConstructionMaterials: Other, Vinyl Siding, Aluminum Siding, Metal Siding, Shingle Siding
- LeaseTerm: 12 Months, 6 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)
- NumberOfUnitsTotal: 8
- RoomsTotal: 36
- OwnerPays: Grounds Care, Insurance, Taxes, Water Softener
- Sewer: Other
- PetsAllowed: Yes
- NumberOfUnitsLeased: 6
- FarmLandAreaUnits: Square Feet
- MaintenanceExpense: 3600
- View: Water
- InteriorFeatures: Other
- Cooling: Multi Units
- BelowGradeFinishedArea: 0
- ElectricExpense: 0
- FuelExpense: 0
- InsuranceExpense: 4400
- Heating: Multiple Heating Systems
- OtherExpense: 0
- LaundryFeatures: Washer/Dryer Hookups
- MlsStatus: Cont-AccptngBackupOffers
- GrossIncome: 6301
- TrashExpense: 1344
- EntryLocation: Unit 1 Level(Main),Unit 2 Level(Upper),Unit 3 Level(Main),Unit 4 Level(Upper)
- NetOperatingIncome: 60517
- TotalActualRent: 75612
- WaterSewerExpense: 3264
Services availability
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