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70 Fairview Drive

Bicknell, IN 47512
  • $2,100,000
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 202425050
UPDATED: 112 min ago
$2,100,000
  • 39
    BEDS
  • 1.59
    ACRES
  • 24
    BATHS
  • 0
    1/2 BATHS
  • 20,756
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1977
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Michelle Sebastian of Re/Max Allstars: .

Description

24 unit apartment complex with potential for greater profit as the units continue to be renovated. Four units have already been completely renovated and several others have had partial renovations. Monthly rents listed are for the completely renovated units. All units have been upgraded to high efficiency mini-split heat pump units, allowing the owner to offer electric as well as water to be included with the rent, which has been very appealing to tenants. Roofs are only a few years old and windows in 4 units have been replaced. Very minimal vacancy.

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© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Janet English | Keller Williams. Data last updated: 2024-07-16T14:29:22.113.

www.team-janet.com/homes/152396585
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70 Fairview Drive Bicknell, IN 47512

  • Price: $2,100,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 112 min ago
  • MLS #: 202425050
39
Beds
24
Baths
0
½ Baths
1.59
Acres
20,756
SQFT
$101
$/SQFT
1977
Built
Neighborhood:
None
County:
Knox
Area:
Knox
Elementary School:
North Knox
Middle School:
North Knox
High School:
North Knox
School District:
North Knox S.D.
Property Description
24 unit apartment complex with potential for greater profit as the units continue to be renovated. Four units have already been completely renovated and several others have had partial renovations. Monthly rents listed are for the completely renovated units. All units have been upgraded to high efficiency mini-split heat pump units, allowing the owner to offer electric as well as water to be included with the rent, which has been very appealing to tenants. Roofs are only a few years old and windows in 4 units have been replaced. Very minimal vacancy.
Exterior Features

Driveway Asphalt Exterior Vinyl Fence None Location City/Town/Suburb Lot Description 0-2.9999 Lot Dimensions 300' x 230' Outbuilding None Parking LotOff StreetPaved Parking Spaces 48 Pool YN No Roof Material AsphaltDimensional ShinglesShingle Style Two Story Water Features None Waterfront YN No

Interior Features

Above Grade Bedrooms 39 Above Grade Finished Sqft 20756 Above Grade Unfin Sq Ft 0 Amenities Ceiling FanOff Street ParkingCable AvailableCountertops-LaminateWater Heater ElectricSump Pump Basement Foundation None Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Heat PumpWall AC Dishwashers 0 Disposals 0 Dryers 2 Flooring CarpetLaminateVinyl Tile Heating Fuel Heat PumpOther Heating System HVAC Energy Star A/CEnergy Star HeatingZoned Air CondtioningZoned Heating Microwaves 0 Ranges Ovens 24 Refrigerators 24 Rooms Below Grade 0 Total Baths 24 Total Below Grade Sqft 0 Total Sq Ft 20756 Wash Dry Hookups 3 Washers 3

Property Features

Annual Electric Expense 21600 Annual Fuel Expense 0 Annual Gross Rent 249876 Annual Insurance Expense 9996 Annual Maint Expense 3840 Annual Misc 0 Annual Net Income 188141 Annual Property Tax 12499 Annual Trash Expense 3000 Annual Water Sewer Exp 10800 Assoc Dues Frequency Not Applicable Auction Y / N No Common Amenities SidewalksSwing Set Documents Available Income/ExpensesRent Roll Efficiencies 0 Energy Efficient HVAC Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 0 Government Subsidized YN No Gross Monthly Income 20823 Gross Monthly Rent 20823 Lease Term 1 Year New Construction No One Bedrooms 9 Owner Pays Building InsuranceCoolingElectricHeatingLawn MaintenanceMaintenanceSewerTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Apartment Complex Proposed Financing Conventional Reo YN No Sale Includes BuildingBusinessLand Sewer Public Tenant Pays CableDeposit Value Three Bedrooms 0 Township Washington Two Bedrooms 15 Units Rented 22 Water Utility Public Year Taxes Payable 2024

Listing provided by Michelle Sebastian of Re/Max Allstars: .

© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Janet English | Keller Williams.


© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Janet English | Keller Williams. Data last updated: 2024-07-16T14:29:22.113.

 
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Janet English | Keller Williams
3928 McCarty Lane Suite A
Lafayette IN, 47905
Listing provided by Michelle Sebastian of Re/Max Allstars: .