1559 Broad, New Castle, IN 47362 - Myers Trust

1559 Broad, New Castle, IN 47362


MLS ID: #202245878
Price: $ 449,000
Sq Ft: 8,354
Finished Sq Ft: 8,354
Lot Size: 0.25 Acres
Year Built: 1900
Bedrooms: 8
Full Bathrooms: 4
Half Bathrooms: 3
Taxes: $ 0
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Ready to start or increase your investment portfolio? Truly turn key rental ready for you! This property consist of two separate buildings and one parking lot. The first building (1559-1561 #1-4 Broad) is a three story building with two commercial spaces on the main floor and two apartments on both the second and third floor for a total of six units. Each main floor commercial space is completely open front to back with a storage room and bathroom. The second floor features two, two bedroom apartments, both updated. The third floor features two more, updated two bedroom apartments. This building totals 9,414 square feet and also includes a full basement that is in great shape. Many recent updates to this building including exterior, windows, wiring, kitchens/baths, flooring, ect. The second building (1609 Broad), is a one story building with two commercial spaces. The front space is approximately 760 square feet and includes a store room, storage area, and bathroom. The back of this building features a side entry and garage door entry in back. This unit includes a storeroom, storage space, and full attached garage. Recent updates included new paint and siding. The parking lot in between the buildings is sold with the property and includes 12 parking spots. Additional public parking available in rear.

MLS ID: 202245878


# of Units 8
Price Per Unit 56,125
Above Grade Finished SF 8,354
Above Grade Unfinished SF 1
Combined Finished SF 8,354
Below Grade Finished SF 2,163
Below Grade Unfinished SF 2,163
Total Below Grade SF 2,163
Total Sq Ft 11,057
Lot Dimensions 44x70
Approx Lot Size SqFt 10,890
Approx Lot Size Acres 0.250
Garage SF 2,800
Garage # of Cars 1
# of Fireplaces 4
Water Front No
Style Three Story
New Construction No
Elementary School Eastwood
Middle School New Castle
Senior New Castle
District New Castle Community School Corp
# Bedrooms 8
# of Full Baths 4
# of Half Baths 3
# Above Grade Bedrooms 3
Living Room 4 x 0
Rec Room 4 x 0
Bedroom 4 5 x 6
Bedroom 5 4 x 4
Laundry Room 12 x
Other Room 2 2 x 1571
Annual Gross Rent Income $18,852.00
Annual Sewer Expense $2,800.00
Annual Fuel Expense $5,600.00
Annual Electric Expense $2,333.00
Annual Trash Expense $0.00
Annual Property Tax $2,500.00

Listing Office: F.C. Tucker/Crossroads Real Estate

Listing Agent: Cara Huffman


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.