Address
1120 Arbor Court, Monticello, IN
Price
$ 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 |
| Class | INVESTMENT |
| 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 |
| REO | 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 | https://www.propertypanorama.com/instaview/irmls/202333454 |
| 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 |
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 3, 2023 3:12 AM UTC
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