10601 Cunot Cataract, Poland, IN 47868-8500 - Myers Trust

10601 Cunot Cataract, Poland, IN 47868-8500


MLS ID: #202423104
Price: $ 1,500,000
Sq Ft: 20,232
Finished Sq Ft: 20,232
Lot Size: 5.99 Acres
Year Built: 1999
Bedrooms: 36
Full Bathrooms: 24
Half Bathrooms: 1
Taxes: $ 9,175
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There are a total of 24 units, all of which are currently leased with scheduled rent increases upon renewal. Each of the three buildings comprises four 2-bedroom/1 bath and four 1-bedroom/1 bath units. Notably, each unit offers a vaulted ceiling in the kitchen, dining, and living area, as well as a laundry closet with hook-ups for a stacked washer & dryer. Tenants have access to a community room with a full kitchen, a half-bathroom, and coin-operated laundry. The property has undergone several improvements, including roof replacements and upgraded utility services. Two of the buildings’ roofs are only 1 year old, the 3rd roof is 3-4 years old. The owners have provided a list of other improvements that have been made since they purchased the property. As tenants vacated, that unit was rehabbed as needed. There are 40+ parking spaces with designated handicapped parking. Trash removal is included in the rent. Tenants pay all utilities. The property is only shown by appt. Please provide proof of funds or a loan pre-qualification letter before the appt. request. *Please note, the numbers work best for an owner-managed operation.

MLS ID: 202423104


# of Units 24
Price Per Unit 62,500
Above Grade Finished SF 20,232
Above Grade Unfinished SF 1
Main Level SF 20,232
Upper Level SF 0
Combined Finished SF 20,232
Below Grade Finished SF 0
Below Grade Unfinished SF 0
Total Below Grade SF 0
Total Sq Ft 20,232
Lot Dimensions 781x417x1129x273
Approx Lot Size SqFt 260,924
Approx Lot Size Acres 5.990
Garage SF 1,242
Garage # of Cars 1
Water Front No
Style One Story
New Construction No
Elementary School Cloverdale
Middle School Cloverdale
Senior Cloverdale
District Cloverdale Community Schools
# Bedrooms 36
# of Full Baths 24
# of Half Baths 1
# Above Grade Bedrooms 4
Living Room 12 x 0
Family Room 550 x
Bedroom 4 25 x 25
Bedroom 5 25 x 25
Extra Room 3 x 24
Laundry Room 44 x
Other Room 3 1 x
Annual Gross Rent Income $174,767.00
Annual Sewer Expense $1,242.00
Annual Fuel Expense $3,106.00
Annual Electric Expense $3,107.00
Annual Trash Expense $1,687.00
Annual Property Tax $3,242.00


Listing Office: RE/MAX Realty Professionals

Listing Agent: Ron Plecher


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.