5603 N West Shafer Drive

    Monticello, IN 47960
    • $435,000
    • STATUS: Active
    • ON SITE: 134 days
    • MLS #: 201828777
    UPDATED: 12 min ago
    $435,000
    • 8
      BEDS
    • 1.37
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 5,256
      SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    INCOME PRODUCING 4-UNIT HOME. Stately large home on main Lake Shafer with Million Dollar Views! Converted into 4-apartments. Convert back to single family home or continue as income producing property. Unlimited potential with 8-bedrooms, 4-kitchens and panoramic views of the lake all situated on 1.366 acres and 200+ feet of water frontage.

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    © 2018 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.

    www.romanskigroup.com/homes/85236860

    5603 N West Shafer Drive Monticello, IN 47960

    • Price: $435,000
    • Status: Active
    • Updated: 12 min ago
    • MLS #: 201828777
    8
    Beds
    5
    Baths
    0
    ½ Baths
    1.37
    Acres
    5,256
    SQFT
    $83
    $/SQFT
    1949
    Built
    Neighborhood:
    None
    County:
    White
    Area:
    White
    Elementary School:
    North White Primary
    Middle School:
    North White
    High School:
    North White
    School District:
    North White School Corp.
    Property Description
    INCOME PRODUCING 4-UNIT HOME. Stately large home on main Lake Shafer with Million Dollar Views! Converted into 4-apartments. Convert back to single family home or continue as income producing property. Unlimited potential with 8-bedrooms, 4-kitchens and panoramic views of the lake all situated on 1.366 acres and 200+ feet of water frontage.
    Exterior Features

    Architectural Style Traditional Channel Frontage 0 Driveway Gravel Exterior Vinyl Lake Type Ski Lake Location LakeRural Lot Description IrregularLakeSlope Lot Dimensions Irr Outbuilding None Parking GravelOff Street Parking Spaces 12 Pool YN No Roof Material AsphaltShingle Style Two Story Unit1 Garage Type None Unit2 Garage Type None Unit3 Garage Type None Unit4 Garage Type None Water Access Lakefront Water Features Boat Docking Rights Water Frontage 210 Water Name Lake Shafer Water Type Lake Waterfront YN Yes

    Interior Features

    Above Grade Bedrooms 7 Above Grade Finished Sqft 4238 Above Grade Unfin Sq Ft 0 Amenities BasementCeiling FanFireplaceAttic StorageAttic-Walk-UpCable ReadyCloset(S) CedarCountertops-LaminateDeck OpenEat-In KitchenFirepitFoyer EntryOpen Floor PlanWater Heater ElectricSump PumpWasher Hook-Up Basement Foundation SlabCellarPartial BasementWalk-Out BasementFinishedOutside Entrance Basement Material Block Basement YN Yes Below Grade Baths 1 Below Grade Bedrooms 1 Below Grade Finished Sqft 1018 Below Grade Unfin Sq Ft 0 Cooling Window Dishwashers 2 Disposals 0 Dryers 0 Flooring CarpetVinyl Heating Fuel GasHot Water Main Level Sq Ft 2628 Microwaves 0 Ranges Ovens 4 Refrigerators 4 Rooms Below Grade 3 Total Baths 5 Total Below Grade Sqft 1018 Total Sq Ft 5256 Unit1 Basement YN No Unit1 Bathrooms 2 Unit1 Bedrooms 3 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 1 Unit3 Basement YN No Unit3 Bathrooms 1 Unit3 Bedrooms 2 Unit4 Basement YN No Unit4 Bathrooms 1 Unit4 Bedrooms 2 Upper Level Sq Ft 1610 Wash Dry Hookups 2 Washers 0

    Property Features

    Annual Electric Expense 3924.05 Annual Fuel Expense 1264.66 Annual Gross Rent 28800 Annual Insurance Expense 0 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 17238.62 Annual Property Tax 4135.6 Annual Trash Expense 492.27 Annual Water Sewer Exp 1744.8 Assessed Value 354000 Assoc Dues Frequency Not Applicable Buildings 1 Cross Street Lowes Bridge Road Documents Available SurveyAerial PhotoLbp FormLegal DescriptionUtility Bill InformationRent Roll Efficiencies 4 Electric Company Remc Electric Meters 2 Exemptions No Exemptions Existing Financing None For Sale Or Rent For Sale Four Bedrooms 0 Gas Company Nipsco Gas Meters 1 Gross Monthly Income 2400 Gross Monthly Rent 2400 Inside City Limits No Lease Term 1 Year New Construction No One Bedrooms 1 Owner Pays Building InsuranceCoolingElectricHeatingLawn MaintenanceMaintenanceSewerSnow RemovalTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Fourplex Proposed Financing CashConventional Reo YN No Sale Includes Building Sewer Regional Tenant Pays Cable Three Bedrooms 1 Township Monon Two Bedrooms 2 Unit1 Unit Rent 900 Unit2 Unit Rent 600 Unit3 Unit Rent 450 Unit4 Unit Rent 450 Units Rented 3 Water Meters 0 Water Utility Well Well Type Private Year Taxes Payable 2018 Zoning L-1 Lake Residential

    Listing courtesy of Ryan Harrison of Harrison Real Estate.
    © 2018 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.


    © 2018 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.

     
    The Romanski Group - Keller Williams Realty
    Lafayette, West Lafayette
    and Kokomo IN,