600 Marsha, Kokomo, IN 46902
Overview
| MLS ID: | #202219948 |
|---|---|
| Price: | $ 4,400,000 |
| Sq Ft: | 36,000 |
| Office SqFt: | 12,000 |
| Lot Size: | 2.50 Acres |
| Year Built: | 1977 |
| Zoning: | |
| Taxes: | $ 25,000 |
Calling Investors interested in earning $54,030.00 a month, and $648,360.00 a YEAR! CASH FLOW! This property is a quaint community comprised of four two-story multifamily buildings sitting on 2.44± acres. The unit mix consists of 1 and 2 bedroom units, most units have upgraded flooring and paint throughout 33 one bedroom/one bathroom, and 30 two bedroom/one bathroom garden style apartments. One Bedrooms are currently rented at $650.00 a month for Rent, 2 Bedrooms are rented for $750.00 and ALL unit monthly fees include a $160.00 a month in Community Utility charges. The community amenities include private patios or balconies as well as a laundry facility. The units offer air conditioning, frost-free refrigerators, stove, dishwashers, ceiling fans and fireplaces. Property includes onsite UPDATED laundry mat for additional income for the new owner. Property is located in the southern portion of Kokomo, Indiana which is approximately 30 miles north of Indianapolis. The property enjoys a secluded setting yet is just minutes away from the city’s most popular retail destinations
MLS ID: 202219948
Details
| Planned Unit Dev | No |
|---|---|
| Auction | No |
| New Construction | No |
| Number of Buildings | 6 |
| Building 1 | |
| Bldg 1 Above Ground SF | 12,000 |
| Bldg 1 Below Ground SF | 0 |
| Bldg 1 Stories | 2 |
| Bldg 1 Finished Office SF | 0 |
| Building 2 | |
| Bldg 2 Above Ground SF | 12,000 |
| Bldg 2Below Ground SF | 0 |
| Bldg 2Stories | 2 |
| Bldg 2Finished Office SF | 0 |
| Building 3 | |
| Bldg 3 Above Ground SF | 12,000 |
| Bldg 3 Below Ground SF | 0 |
| Bldg 3 Stories | 2 |
| Bldg 3 Finished Office SF | 0 |
| Total Above Ground SF | 0 |
| Lot Dimensions | 500x500 |
| Approx Lot Size SqFt | 108,900 |
| Approx Lot Size Acres | 3 |
| Ceiling Height | 8 |
|---|---|
| Road Access | City |
| Parking | Yes |
| Parking | Paved |
| Parking Type | lot |
| Total Restrooms | 64 |
| Interior Height | 2 |
| Column Spacing | 2 |
| Ingress/Egress | Asphalt |
| Water Front | No |
|---|
| Currently Leased | Yes |
|---|---|
| Lease Term Remaining | annual |
| Sprinkler System | No |
|---|---|
| Signs | Yes |
| Sign Type | Attached Building Signs |
| Fire Doors | Yes |
| Enterprise Zone | No |
| Sale Includes: | Building |
| Heating/Fuel | Gas |
| Cooling | Central Air |
| Exterior | Brick |
| Roof Material | Shingle |
| Interior Walls | Drywall |
| Flooring | Vinyl Tile |
| Water Utility | City |
|---|---|
| Sewer | City |
| Special Features | 220 Volts |
| Annual Taxes | $25,000.00 |
|---|---|
| Gross Monthly Rent | $54,030.00 |
Listing Office: The Real Estate Company
Listing Agent: Jerry Morrow
Disclaimer:
Mortgage
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