110 Front, Delphi, IN 46923 - Myers Trust

110 Front, Delphi, IN 46923

Overview

MLS ID: #202234662
Price: $ 1,300,000
Sq Ft: 10,800
Finished Sq Ft: 10,800
Lot Size: 0.48 Acres
Year Built: 1974
Bedrooms: 22
Full Bathrooms: 11
Half Bathrooms:
Taxes: $ 5,085
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For sale is a beautiful turnkey apartment building located in the heart of Delphi! Welcome to 110 W Front St. This all brick building with metal roof houses 11 spacious units and is fully leased. Each unit features 2 bedrooms, 1 bathroom, and approximately 800 square feet of space. All units have been completely remodeled and feature new everything, including gorgeous vinyl flooring, high end cabinets with soft close doors and drawers, stainless appliances, new doors and trim, all new bathrooms, and more! Additional amenities include an on site coin-op laundry room, 2 garages, multiple carports, and a large parking lot that provides plenty of off street parking. Gross rents total $118,620 annually with an additional $1500 in laundry income (estimated). Landlord pays water/sewer, trash, common area electric, taxes, and insurance. Expenses are listed below Water – $3,363 Trash – $1,356 Electric (Common Area) – $3,702 Taxes – $4,886 Insurance – $5,085 This wonderful property provides strong cashflow and is perfect for the seasoned investor or someone looking to jump into the rental business. NOI is estimated to be just under $102,000 (7.8% CAP) minus any maintenance expenses. The building underwent an extensive remodel over the past 12 months, so no maintenance history is available.

MLS ID: 202234662

Details

# of Units 11
Price Per Unit 118,181.820
Above Grade Finished SF 10,800
Above Grade Unfinished SF 1
Main Level SF 3,600
Upper Level SF 3,600
Combined Finished SF 10,800
Below Grade Finished SF 0
Below Grade Unfinished SF 0
Total Below Grade SF 0
Total Sq Ft 10,800
Lot Dimensions 245x125
Approx Lot Size SqFt 20,909
Approx Lot Size Acres 0.480
Garage SF 3,363
Garage # of Cars 1
# of Fireplaces 4
Water Front No
Style Three Story
New Construction No
Elementary School Delphi Community
Middle School Delphi Community
Senior Delphi
District Delphi Community School Corp.
# Bedrooms 22
# of Full Baths 11
# of Half Baths 0
# Above Grade Bedrooms 4
Living Room 11 x 0
Kitchen 885 x 885
Family Room 885 x 885
Rec Room 11 x 11
Bedroom 4 12 x 0
Bedroom 5 11 x 11
Extra Room 2 x 2
Other Room 2 2 x 10010
Other Room 3 2 x
Annual Gross Rent Income $120,120.00
Annual Sewer Expense $3,363.00
Annual Fuel Expense $0.00
Annual Electric Expense $3,702.00
Annual Trash Expense $1,356.00
Annual Property Tax $4,886.00

Listing Office: Raeco Realty

Listing Agent: Grant Thompson

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.