718 Mulberry, Kokomo, IN 46901

Overview

MLS ID: #201811924
Price: $ 695,000
Sq Ft: 22,066
Lot Size: 0.75 Acres
Year Built: 1928
Bedrooms: 25
Bathrooms: 25
Taxes: $ 7,800
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Great opportunity to own one of Kokomo’s most historic buildings. This 25 unit apartment has great investment opportunities. 24 occupied units, half of the units have newer flooring and fresh paint. 8 garages that are not currently being used and could be turned into rentable spaces. Storage spaces for each unit are located in the basement. Separate meters for electric, four laundry facilities, wi-fi included in rent, security cameras and many more amenities. Annual gross rent averages $160,000+ per year with much higher potential.

MLS ID: 201811924

Details

# of Units 25
Price Per Unit 27,800
Above Grade Finished SF 22,066
Combined Finished SF 22,766
Below Grade Finished SF 11,033
Below Grade Unfinished SF 10,333
Total Below Grade SF 11,033
Total Sq Ft 33,099
Lot Dimensions 141x154
Approx Lot Size SqFt 32,670
Approx Lot Size Acres 0.750
Garage SF 4,900
Water Front No
Style Two Story
New Construction No
Elementary School Lafayette Park
Middle School Central
Senior Kokomo
District Kokomo-Center Township Cons. S.D
# Bedrooms 25
# of Full Baths 25
# of Half Baths 0
Bedroom 5 25 x 25
Laundry Room 4 x
Annual Gross Rent Income $165,000.00
Annual Sewer Expense $4,900.00
Annual Fuel Expense $4,890.00
Annual Electric Expense $8,700.00
Annual Trash Expense $2,800.00
Annual Property Tax $9,784.00

Listing Office: CRM Properties, Inc

Listing Agent: Chris Mullinax

Disclaimer:

Property information is provided by the Indiana Regional MLS. The 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. The data is deemed reliable but is not guaranteed accurate by the IRMLS. Featured Properties may have updated information provided by Myers Trust.
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