Skip To Content

110 W Front Street

Delphi, IN 46923
  • $1,300,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: 202234662
UPDATED: 57 min ago
$1,300,000
  • 22
    BEDS
  • 0.48
    ACRES
  • 11
    BATHS
  • 0
    1/2 BATHS
  • 10,800
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1974
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

For sale is a beautiful turnkey apartment building located in the heart of Delphi! Welcome to 110 W Front St. This all brick building with metal roof houses 11 spacious units and is fully leased. Each unit features 2 bedrooms, 1 bathroom, and approximately 800 square feet of space. All units have been completely remodeled and feature new everything, including gorgeous vinyl flooring, high end cabinets with soft close doors and drawers, stainless appliances, new doors and trim, all new bathrooms, and more! Additional amenities include an on site coin-op laundry room, 2 garages, multiple carports, and a large parking lot that provides plenty of off street parking. Gross rents total $118,620 annually with an additional $1500 in laundry income (estimated). Landlord pays water/sewer, trash, common area electric, taxes, and insurance. Expenses are listed below Water - $3,363 Trash - $1,356 Electric (Common Area) - $3,702 Taxes - $4,886 Insurance - $5,085 This wonderful property provides strong cashflow and is perfect for the seasoned investor or someone looking to jump into the rental business. NOI is estimated to be just under $102,000 (7.8% CAP) minus any maintenance expenses. The building underwent an extensive remodel over the past 12 months, so no maintenance history is available.

Monthly Payment Calculator



© 2022 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 The Romanski Group - Keller Williams Realty. Data last updated: 2022-10-04T08:28:15.083.

www.romanskigroup.com/homes/132295581
Print Image

110 W Front Street Delphi, IN 46923

  • Price: $1,300,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 57 min ago
  • MLS #: 202234662
22
Beds
11
Baths
0
½ Baths
0.48
Acres
10,800
SQFT
$120
$/SQFT
1974
Built
Neighborhood:
None
County:
Carroll
Area:
Carroll
Elementary School:
Delphi Community
Middle School:
Delphi Community
High School:
Delphi
School District:
Delphi Community School Corp.
Property Description
For sale is a beautiful turnkey apartment building located in the heart of Delphi! Welcome to 110 W Front St. This all brick building with metal roof houses 11 spacious units and is fully leased. Each unit features 2 bedrooms, 1 bathroom, and approximately 800 square feet of space. All units have been completely remodeled and feature new everything, including gorgeous vinyl flooring, high end cabinets with soft close doors and drawers, stainless appliances, new doors and trim, all new bathrooms, and more! Additional amenities include an on site coin-op laundry room, 2 garages, multiple carports, and a large parking lot that provides plenty of off street parking. Gross rents total $118,620 annually with an additional $1500 in laundry income (estimated). Landlord pays water/sewer, trash, common area electric, taxes, and insurance. Expenses are listed below Water - $3,363 Trash - $1,356 Electric (Common Area) - $3,702 Taxes - $4,886 Insurance - $5,085 This wonderful property provides strong cashflow and is perfect for the seasoned investor or someone looking to jump into the rental business. NOI is estimated to be just under $102,000 (7.8% CAP) minus any maintenance expenses. The building underwent an extensive remodel over the past 12 months, so no maintenance history is available.
Exterior Features

Architectural Style Traditional Driveway Concrete Exterior Brick Fence None Location City/Town/Suburb Lot Description Slope Lot Dimensions 245X125 Outbuilding None Parking Gravel Parking Spaces 0 Pool YN No Roof Material Metal Style Three Story Waterfront YN No

Interior Features

Above Grade Bedrooms 22 Above Grade Finished Sqft 10800 Above Grade Unfin Sq Ft 0 Amenities Near Walking TrailBalconyCable ReadyCountertops-LaminateDetector-SmokeFoyer EntryWater Heater Electric Basement Foundation Slab Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Central Air Dishwashers 11 Disposals 0 Dryers 2 Flooring Carpet Heating Fuel ElectricityForced Air Main Level Sq Ft 3600 Microwaves 11 Ranges Ovens 11 Refrigerators 11 Rooms Below Grade 0 Total Baths 11 Total Below Grade Sqft 0 Total Sq Ft 10800 Unit1 Bathrooms 1 Unit1 Bedrooms 2 Unit1 Sq Ft 800 Unit2 Bathrooms 1 Unit2 Bedrooms 2 Unit2 Sq Ft 800 Unit3 Bathrooms 1 Unit3 Bedrooms 2 Unit3 Sq Ft 800 Unit4 Bathrooms 1 Unit4 Bedrooms 2 Unit4 Sq Ft 800 Unit5 Bathrooms 1 Unit5 Bedrooms 2 Unit5 Sq Ft 800 Unit6 Bathrooms 1 Unit6 Bedrooms 2 Unit6 Sq Ft 800 Upper Level Sq Ft 3600 Wash Dry Hookups 2 Washers 2

Property Features

Annual Electric Expense 3702 Annual Fuel Expense 0 Annual Gross Rent 120120 Annual Insurance Expense 5085 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 101728 Annual Property Tax 4886 Annual Trash Expense 1356 Annual Water Sewer Exp 3363 Assoc Dues Frequency Not Applicable Auction Y / N No Cable Company Comcast Documents Available Lease Efficiencies 0 Electric Company Duke Energy Indiana Electric Meters 12 Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 0 Gas Company None Gas Meters 0 Gross Monthly Income 10010 Gross Monthly Rent 9835 Lease Term 1 Year New Construction No One Bedrooms 0 Owner Pays SewerSnow RemovalTrash CollectionWater Owner Real Estate License YN Yes Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Apartment Building Proposed Financing CashConventional Reo YN No Sale Includes BuildingLand Sewer City Tenant Pays Electric Three Bedrooms 0 Township Deer Creek Two Bedrooms 11 Unit1 Unit Rent 885 Unit1- Currently Rntd Y / N Yes Unit2 Unit Rent 885 Unit2- Currently Rntd Y / N Yes Unit3 Unit Rent 885 Unit3- Currently Rntd Y / N Yes Unit4 Unit Rent 885 Unit4- Currently Rntd Y / N Yes Unit5 Unit Rent 885 Unit5- Currently Rntd Y / N Yes Unit6 Unit Rent 885 Unit6- Currently Rntd Y / N Yes Units Rented 11 Water Meters 1 Water Utility City Year Taxes Payable 2022

Listing provided by Grant Thompson of Raeco Realty: 765-838-2785.
© 2022 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 The Romanski Group - Keller Williams Realty.


© 2022 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 The Romanski Group - Keller Williams Realty. Data last updated: 2022-10-04T08:28:15.083.

 
https://bt-photos.global.ssl.fastly.net/irmls/1280_boomver_1_202234662-2.jpg https://bt-photos.global.ssl.fastly.net/irmls/1280_boomver_1_202234662-2.jpg https://bt-photos.global.ssl.fastly.net/irmls/1280_boomver_1_202234662-2.jpg
Logo
The Romanski Group - Keller Williams Realty
Lafayette, West Lafayette
and Kokomo IN,