600 Marsha, Kokomo, IN 46902 - Myers Trust

600 Marsha, Kokomo, IN 46902


MLS ID: #202219948
Price: $ 4,400,000
Sq Ft: 36,000
Office SqFt: 12,000
Lot Size: 2.50 Acres
Year Built: 1977
Taxes: $ 25,000
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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


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


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.