718 W Mulberry

    Kokomo, IN 46901
    • $775,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: 201811924
    UPDATED: 43 min ago
    $775,000
    • 25
      BEDS
    • 0.75
      ACRES
    • 25
      BATHS
    • 0
      1/2 BATHS
    • 22,766
      SQFT
    Type:
    Multi-Family
    Built:
    1928
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Great opportunity to own one of Kokomo's most historic buildings. This 25 unit apartment has great investment opportunities. 24 occupied units, half of the units have newer flooring and fresh paint. 8 garages that are not currently being used and could be turned into rentable spaces. Storage spaces for each unit are located in the basement. Separate meters for electric, four laundry facilities, wi-fi included in rent, security cameras and many more amenities. Annual gross rent averages $160,000+ per year with much higher potential.

    Monthly Payment Calculator



    © 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/82122892

    718 W Mulberry Kokomo, IN 46901

    • Price: $775,000
    • Status: Active
    • Updated: 43 min ago
    • MLS #: 201811924
    25
    Beds
    25
    Baths
    0
    ½ Baths
    0.75
    Acres
    22,766
    SQFT
    $34
    $/SQFT
    1928
    Built
    County:
    Howard
    Area:
    Howard
    Elementary School:
    Lafayette Park
    Middle School:
    Central
    High School:
    Kokomo
    School District:
    Kokomo-Center Township Cons. S.D
    Property Description
    Great opportunity to own one of Kokomo's most historic buildings. This 25 unit apartment has great investment opportunities. 24 occupied units, half of the units have newer flooring and fresh paint. 8 garages that are not currently being used and could be turned into rentable spaces. Storage spaces for each unit are located in the basement. Separate meters for electric, four laundry facilities, wi-fi included in rent, security cameras and many more amenities. Annual gross rent averages $160,000+ per year with much higher potential.
    Exterior Features

    Architectural Style Tudor Driveway None Exterior Brick Fence None Location City/Town/Suburb Lot Description Corner Lot Dimensions 141X154 Outbuilding None Parking LotOff StreetPaved Parking Spaces 4 Pool YN No Roof Material Slate Sea Wall Type None Style Two Story Water Features None Waterfront YN No

    Interior Features

    Above Grade Bedrooms 24 Above Grade Finished Sqft 22066 Above Grade Unfin Sq Ft 0 Amenities BasementCeiling FanOff Street ParkingStorageCable AvailableCable ReadyDetector-Smoke Basement Foundation CrawlFull BasementPartially Finished Basement Material BlockPoured Concrete Basement YN Yes Below Grade Baths 1 Below Grade Bedrooms 1 Below Grade Finished Sqft 700 Below Grade Unfin Sq Ft 10333 Cooling Window Dishwashers 0 Disposals 0 Dryers 0 Flooring CarpetLaminateMixedTileVinyl Heating Fuel Hot WaterRadiator Microwaves 0 Ranges Ovens 25 Refrigerators 25 Rooms Below Grade 2 Total Baths 25 Total Below Grade Sqft 11033 Total Sq Ft 33099 Wash Dry Hookups 4 Washers 0

    Property Features

    Annual Electric Expense 8700 Annual Fuel Expense 4890 Annual Gross Rent 165000 Annual Insurance Expense 7800 Annual Maint Expense 8250 Annual Misc 0 Annual Net Income 117876 Annual Property Tax 9784 Annual Trash Expense 2800 Annual Water Sewer Exp 4900 Assoc Dues Frequency Not Applicable Cable Company Comcast Common Amenities Laundry Facilities Documents Available Lbp FormSellers Disclosure Efficiencies 0 Electric Company Duke Energy Indiana Exemptions No Exemptions Existing Financing Conventional For Sale Or Rent For Sale Four Bedrooms 0 Gas Company Nipsco Gross Monthly Income 13750 Gross Monthly Rent 550 Lease Term Month To Month1 Year New Construction No One Bedrooms 25 Owner Pays ElectricHeatingLawn MaintenanceSewerSnow RemovalTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Apartment Building Proposed Financing CashConventional Reo YN No Sale Includes Building Sewer City Tenant Pays Cable Three Bedrooms 0 Township Center Two Bedrooms 0 Units Rented 24 Water Company Indiana American Water Co Water Utility City Year Taxes Payable 2017

    Listing courtesy of Chris Mullinax of Crm Properties, Inc.
    © 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,