2875 N West Shafer Drive, Monticello, IN
$ 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

Heating Forced Air
Cooling Central Air
Sewer Regional
Pool Y/N No
Status Pending
Full Baths 13
Bathrooms 13
Year Built 1955
New Construction No
Tenant Pays None
Subdivision None
Style Attached
Stories 2
Township Union
Type Apartment Complex
Age 68
Net Income 155689.6
Rent Income 158000
FIPS Code 18181
OwnerPays Building Insurance,Cable,Cooling,Electric,Fuel,Heating,Lawn Maintenance,Maintenance,Sewer,Snow Removal,Tax,Trash Collection,Water,Water Softener
Features Cable Available,Firepit
Status Pending
Auction Y/N No
Area White County
High School Twin Lakes
City Monticello
School District Twin Lakes School Corp.
Assoc. Dues Frequency Not Applicable
Pet Restrictions Y/N No
Total Sq Ft 5590
Street Name West Shafer
Elementary School Meadowlawn
Middle School Roosevelt
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
Virtual Tour
Agent First Name Michael
Agent Last Name Sims
DOM 120
Tax Year 2022

Interior Features

Basement Crawl
Flooring Vinyl Tile
Beds 17
Total Number of Units 13
Microwaves 13
Refrigerators 13
Total Finished SqFt 5590
Basement Y/N No
Above Grade Bedrooms 17
Ranges/Ovens 8
Above Grade Finished SqFt 5590
Num. of 1 Bedrooms 6
Num. of 2 Bedrooms 2
Num. of Efficiencies 5

Exterior Features

Exterior Block,Vinyl
Number of Parking Spaces 13
Lot Size Area 78844
Lot Dimensions irr
Lot Description Level,Water View
Outbuilding None
Approx. Lot Size Acres 1.81
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 March 3, 2024 6:27 PM UTC

Property vs Pending Average in 47960

AVG $210K
AVG $785
AVG 72
Data Provided by Inside Real Estate®
Year Built
AVG 1972

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