Address
2875 N West Shafer Drive, Monticello, IN
Price
$ 599,900
Property Attributes
- MLS#202314182
- TypePending
- CountyWHITE
- CityMonticello
- AreaUnion
- Zip47960
- StyleApartment Complex
- Year Built1955
- Taxes$ 2310
- Price$ 599,900
- Bedrooms10
- Full Bathrooms13
- Half Bathrooms0
- Sqr Footage5590
Data Source:
Indiana Regional MLS (IRMLS)
Property Description
This investment property is a fantastic opportunity for those looking to generate income through real estate. The main house has two stories that features a rental on each floor with 2 bedrooms, a full kitchen, providing comfortable and convenient living spaces for. There are 6 units each with one bedroom and a full kitchen, providing comfortable and convenient living spaces in each. In addition, there are five studio-style rooms with full bathrooms, perfect for short-term rentals or guests looking for a cozy place to stay. The property is located in a desirable area, making it an attractive option for renters and travelers alike. With six one bedroom units and five studio style rooms, there is ample opportunity to generate consistent income throughout the years. The property has been well-maintained and is move-in ready, with all necessary amenities and appliances included. The main house and studio-style rooms are tastefully decorated and furnished, providing a welcoming and comfortable atmosphere for tenants and guests. Overall, this investment property is has its prime location, multiple rental units, and well-maintained condition, it is sure to be a profitable investment for years to come.
| Elementary School | Middle School | High School |
|---|---|---|
| Meadowlawn Elementary School | Roosevelt Middle School | Twin Lakes High School |
| Price History | |
|---|---|
| 5/4/2023 | Listed $599,900 |
General Features
| Age | 68 |
|---|---|
| Agent First Name | Michael |
| Agent Last Name | Sims |
| Area | White County |
| Assoc. Dues Frequency | Not Applicable |
| Auction Y/n | No |
| Bathrooms | 13 |
| City | Monticello |
| Class | INVESTMENT |
| Cooling | Central Air |
| DOM | 120 |
| Elementary School | Meadowlawn |
| Features | Cable Available, Firepit |
| Fips Code | 18181 |
| Full Baths | 13 |
| Heating | Forced Air |
| High School | Twin Lakes |
| Legal Description | LAKESIDE HEIGHTS LTS 41-44 & 46-53, PT LT 40 & 40'OFF W/E LT45 & LT 45 EX 40' OFF W/E, PT LT 40 & VAC PT OF PKWY DR & PT VAC PKWY & ALL 5'X80' VAC WALKWAY |
| Middle School | Roosevelt |
| Net Income | 155689.6 |
| New Construction | No |
| Ownerpays | Building Insurance, Cable, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water, Water Softener |
| Pet Restrictions Y/n | No |
| Pool Y/N | No |
| REO | No |
| Rent Income | 158000 |
| School District | Twin Lakes School Corp. |
| Sewer | Regional |
| Status | Pending |
| Status | Pending |
| Stories | 2 |
| Street Name | West Shafer |
| Style | Attached |
| Subdivision | None |
| Tax Year | 2022 |
| Tenant Pays | None |
| Total Sq Ft | 5590 |
| Township | Union |
| Type | Apartment Complex |
| Virtual Tour | https://www.propertypanorama.com/instaview/irmls/202314182 |
| Year Built | 1955 |
Interior Features
| Above Grade Bedrooms | 17 |
|---|---|
| Above Grade Finished Sqft | 5590 |
| Basement | Crawl |
| Basement Y/n | No |
| Beds | 17 |
| Flooring | Vinyl Tile |
| Microwaves | 13 |
| Num. Of 1 Bedrooms | 6 |
| Num. Of 2 Bedrooms | 2 |
| Num. Of Efficiencies | 5 |
| Ranges/Ovens | 8 |
| Refrigerators | 13 |
| Total Finished Sqft | 5590 |
| Total Number of Units | 13 |
Exterior Features
| Approx. Lot Size Acres | 1.81 |
|---|---|
| Exterior | Block, Vinyl |
| Lot Description | Level, Water View |
| Lot Dimensions | irr |
| Lot Size Area | 78844 |
| Number of Parking Spaces | 13 |
| Outbuilding | None |
| Waterfront Y/N | No |
Amenities
- 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 5, 2023 6:02 PM UTC
Property vs Pending Average in 47960
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