1120 Arbor Court, Monticello, IN
$ 4,200,000
Property Attributes
  • MLS#202333454
  • TypeMulti-Family
  • CountyWHITE
  • CityMonticello
  • AreaUnion
  • Zip47960
  • StyleRanch
  • Year Built2003
  • Taxes$ 39586
  • Price$ 4,200,000
  • Bedrooms92
  • Full Bathrooms60
  • Half Bathrooms1
  • Sqr Footage41761
Data Source:
Indiana Regional MLS (IRMLS)
Property Description

A LOT OF DOORS FOR A LOT OF OPPORTUNITY TO KNOCK ON! A total of 19 duplexes @ 2 sites: THE ARBORS (11 Duplexes) 1120 Arbor Ct. Monticello & Quail Run (8 Duplexes) 6389 E. Quail Run Ct. THE ARBORS: 8 x Standard duplexes (884 sq ft per unit) = 2 bed/1bath. 3 x Deluxe duplexes (1072 sq ft per unit) = 2 bed/2 baths including master bed/bath & attached garage. 11 stall carport. Office (744 sq ft) has attached garage & workshop with 1/2 bath. Large 132 x 14 Storage Unit. QUAIL RUN: 8 Duplexes built from 1998-2004 All are 2-3 Bed/2 bath (3rd "bedroom" does not have closet) including a master bed/bath w/ walk-in closet. Each unit has attached 2-car garage, 12 units have decks in back, 4 have patios. See 'DOCUMENTS' for individual breakdown of each site's financial and property info. ALL UNITS RENTED & ON MONTH-MONTH LEASES as of 09/01/23

Elementary School Middle School High School
Oaklawn Elementary School Roosevelt Middle School Twin Lakes High School
Price History
9/14/2023 Listed $4,200,000

General Features

# of Buildings 21
Age 20
Agent First Name Sean
Agent Last Name Dekker
Annual Electric Expense 1080
Annual Fuel Expense 1080
Annual Insurance Expense 13008
Annual Trash Expense 1920
Architctural Style Ranch
Area White County
Assoc. Dues Frequency Not Applicable
Associated Document Count 4
Auction Y/n No
Bathrooms 61
City Monticello
Cooling Central Air
DOM 76
Elementary School Oaklawn
Features Ceiling Fan, Closet(s) Walk-in, Deck Open, Patio Open, Water Softener-Rented
Fips Code 18181
Full Baths 60
Half Baths 1
Heating Gas, Conventional, Forced Air
High School Twin Lakes
Legal Description Quail Run Sub Lots 1, 2, 3, 4, 5, 6, 7, 8 (5.33) **SEE LEGALS/PARCELS (11 TOTAL) FOR THE ARBORS UNDER 'DOCUMENTS'
Location City/Town/Suburb, Rural
Middle School Roosevelt
Net Income 270291.6
New Construction No
Ownerpays Lawn Maintenance, Maintenance, Sewer, Snow Removal, Trash Collection, Water Softener
Parking Garage, Paved
Pet Restrictions Y/n Yes
Pool Y/N No
Rent Income 350520
School District Twin Lakes School Corp.
Sewer City, Regional
Status Active
Status Active
Stories 1
Street Name Arbor
Style One Story
Subdivision None
Tax Year 2022/Payable 2023
Tenant Pays Cable, Electric, Fuel, Sewer, Trash Collection, Water
Total Sq Ft 41761
Township Union
Type Duplex
Virtual Tour
Year Built 2003

Interior Features

Above Grade Bedrooms 92
Above Grade Finished Sqft 41761
Basement Crawl, Slab
Basement Y/n No
Beds 92
Dishwasher(s) 22
Dryer(s) 14
Flooring Carpet, Ceramic Tile, Vinyl
Microwaves 16
Num. Of 2 Bedrooms 22
Num. Of 3 Bedrooms 16
Ranges/Ovens 36
Refrigerators 36
Total Finished Sqft 41761
Total Number of Units 38
W/D Hookups 38
Washers 14

Exterior Features

Approx. Lot Size Acres 6.8
Driveway Asphalt, Concrete
Electric Meters 39
Exterior Brick, Vinyl
Fence None
Gas Meters 39
Lot Description Level
Lot Dimensions 6.8 ACRES (APPROXIMATE)
Lot Size Area 296208
Number of Parking Spaces 130
Outbuilding None
Roof Material Shingle
Water Features None
Water Meters 12
Waterfront Y/N No


  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS. Information last updated on December 7, 2023 1:10 AM UTC

Property vs Multi-Family Average in 47960

AVG $1.68M
AVG $14,919
AVG 61
Data Provided by Inside Real Estate®
Year Built
AVG 1953
AVG 27
Data Provided by Walkscore® not using MLS data

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