INVESTMENT OPPORTUNITY. Apartment building with 7 one bedroom, one bath units located on the south end of Winamac. All electric units with baseboard heat, wall AC and kitchen appliances included. Tenants pay electric, owner pays water and sewer. Trash pickup service available. Conveniently located within walking distance to local schools and dining. Outdoor seating area and parking available for all tenants. This apartment building is being sold with a 3 bed 1 bath rental house next door (920 S Monticello St). Pricing includes both properties and will not be divided. If you're ready for a new investment, this is it!
Off market
$379,500
918 S Monticello St, Winamac, IN 46996
7beds
4,739sqft
MultiFamily
Built in 1952
-- sqft lot
$379,500 Zestimate®
$80/sqft
$2,593 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Baseboard, Electric
Cooling
- Wall
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Unit 1 Laundry Room(None), Unit 3 Laundry Room(None), Unit 2 Laundry Room(None), Unit 4 Laundry Room(None), Unit 6 Laundry Room(None), Unit 5 Laundry Room(Bathroom)
Features
- Walk-In Closet(s), Laminate Counters, Eat-in Kitchen, Bookcases
- Flooring: Carpet, Laminate
- Basement: Crawl Space
Interior area
- Structure area source: Assessor
- Total interior livable area: 4,739 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 14
Features
- Entry location: Unit 1 Level(Main),Unit 2 Level(Main),Unit 3 Level(Main),Unit 4 Level(Main)
- Exterior features: Vinyl, Brick
Lot
- Size: 6,098 sqft
- Features: City Lot, 0 to 2.9999 Acres, City/Town/Suburb
Details
- Zoning: City Zoning(C2)
- Zoning description: Suburban Commercial
Construction
Type & style
- Home type: MultiFamily
- Architectural style: L-Type
Condition
- Year built: 1952
Utilities & green energy
- Sewer: City
- Water: City
Community & neighborhood
Location
- Region: Winamac
HOA & financial
Other financial information
- Total actual rent: 32460
Other
Other facts
- Flooring: Carpet, Laminate
- Heating: Baseboard, Electric
- RoadSurfaceType: Paved
- Appliances: Range/Oven, Refrigerator
- Roof: Shingle
- HeatingYN: true
- CoolingYN: true
- TenantPays: Cable TV, Electricity, Water, Trash Collection, Heating, Deposit Value, Unit 1 Electric, Unit 2 Electric, Unit 3 Electric, Unit 4 Electric, Unit 5 Electric, Unit 6 Electric
- RoomsTotal: 20
- LeaseTerm: 12 Months, Month To Month, 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)
- ConstructionMaterials: Vinyl Siding, Brick
- NumberOfUnitsTotal: 7
- Cooling: Window Unit(s), Wall Unit(s)
- OwnerPays: Grounds Care, Insurance, Taxes, Snow Removal, Parking Fee, Maintenance
- Basement: Crawl Space
- NumberOfBuildings: 1
- NumberOfUnitsLeased: 6
- FarmLandAreaUnits: Square Feet
- MaintenanceExpense: 0
- LivingAreaSource: Assessor
- BelowGradeFinishedAreaSource: Assessor
- BuildingAreaSource: Assessor
- OpenParkingYN: true
- InteriorFeatures: Walk-In Closet(s), Laminate Counters, Eat-in Kitchen, Bookcases
- ParkingFeatures: Paved, Parking Lot, Private, Asphalt
- BelowGradeFinishedArea: 0
- FuelExpense: 0
- LotFeatures: City Lot, 0 to 2.9999 Acres, City/Town/Suburb
- NumberOfSeparateGasMeters: 0
- NumberOfSeparateElectricMeters: 7
- CommunityFeatures: Cabana
- WaterSource: City
- NumberOfSeparateWaterMeters: 1
- ArchitecturalStyle: L-Type
- AboveGradeFinishedAreaSource: Assessor
- PetsAllowed: Pet Restrictions
- Sewer: City
- OtherExpense: 87
- MlsStatus: Active
- EntryLocation: Unit 1 Level(Main),Unit 2 Level(Main),Unit 3 Level(Main),Unit 4 Level(Main)
- Zoning: City Zoning(C2)
- LaundryFeatures: Unit 1 Laundry Room(None), Unit 3 Laundry Room(None), Unit 2 Laundry Room(None), Unit 4 Laundry Room(None), Unit 6 Laundry Room(None), Unit 5 Laundry Room(Bathroom)
- ZoningDescription: Suburban Commercial
- ListPriceLow: 360000
- GrossIncome: 2705
- ElectricExpense: 84.72
- InsuranceExpense: 1333.5
- NetOperatingIncome: 23705.21
- TaxAnnualAmount: 2114.52
- TotalActualRent: 32460
- TrashExpense: 1067.16
- WaterSewerExpense: 4067.89
- Road surface type: Paved