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1559 Broad Street

New Castle, IN 47362
  • $449,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 202245878
UPDATED: 49 min ago
$449,000
  • 8
    BEDS
  • 0.25
    ACRES
  • 4
    BATHS
  • 3
    1/2 BATHS
  • 8,354
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Ready to start or increase your investment portfolio? Truly turn key rental ready for you! This property consists of two separate buildings and one parking lot. The first building (1559-1561 #1-4Broad) is a three story building with two commercial spaces on the main floor and two apartments on both the second and third floor for a total of six units. Each main floor commercial space is completely open front to back with a storage room and bathroom. The second floor features two, two bedroom apartments, both updated. The third floor features two more, updated two bedroom apartments. This building totals 9,414 square feet and also included a full basement this is in great shape. Many recent Continued...See Addendum Marketing Remarks 1

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© 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 Team Melton | ERA First Advantage Realty. Data last updated: 2022-12-02T14:28:54.823.

www.movingwithteammelton.com/homes/134600353
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1559 Broad Street New Castle, IN 47362

  • Price: $449,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 49 min ago
  • MLS #: 202245878
8
Beds
4
Baths
3
½ Baths
0.25
Acres
8,354
SQFT
$54
$/SQFT
1900
Built
Neighborhood:
Other
County:
Henry
Area:
Henry
Elementary School:
Eastwood
Middle School:
New Castle
High School:
New Castle
School District:
New Castle Community School Corp
Property Description
Ready to start or increase your investment portfolio? Truly turn key rental ready for you! This property consists of two separate buildings and one parking lot. The first building (1559-1561 #1-4Broad) is a three story building with two commercial spaces on the main floor and two apartments on both the second and third floor for a total of six units. Each main floor commercial space is completely open front to back with a storage room and bathroom. The second floor features two, two bedroom apartments, both updated. The third floor features two more, updated two bedroom apartments. This building totals 9,414 square feet and also included a full basement this is in great shape. Many recent Continued...See Addendum Marketing Remarks 1
Exterior Features

Exterior BlockBrickMetal Lot Description Level Lot Dimensions 44X70 Outbuilding None Parking Spaces 12 Pool YN No Road Access City Road Surface Paved Roof Material Other Style Three Story Unit4 Garage Type None Waterfront YN No

Interior Features

Above Grade Bedrooms 8 Above Grade Finished Sqft 8354 Above Grade Unfin Sq Ft 540 Amenities BasementWater Heater GasWiring-Security System Basement Foundation Partial Basement Basement Material BlockBrick Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 2163 Cooling Multiple Cooling Units Dishwashers 0 Disposals 0 Dryers 0 Flooring Mixed Heating Fuel ElectricityGasForced AirRadiant Microwaves 4 Ranges Ovens 4 Refrigerators 4 Rooms Below Grade 0 Total Baths 7 Total Below Grade Sqft 2163 Total Sq Ft 11057 Unit1 Basement YN Yes Unit1 Bathrooms 1 Unit1 Bedrooms 0 Unit1 Sq Ft 1537 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 0 Unit2 Sq Ft 1233 Unit3 Basement YN No Unit3 Bathrooms 1 Unit3 Bedrooms 2 Unit3 Sq Ft 1055 Unit4 Basement YN No Unit4 Bedrooms 2 Unit4 Sq Ft 912 Unit5 Basement YN No Unit5 Bedrooms 2 Unit5 Sq Ft 1055 Unit6 Basement YN No Unit6 Bathrooms 1 Unit6 Bedrooms 2 Unit6 Sq Ft 912 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 2333 Annual Fuel Expense 5600 Annual Gross Rent 54600 Annual Insurance Expense 0 Annual Maint Expense 1200 Annual Misc 1200 Annual Net Income 38967 Annual Property Tax 2500 Annual Trash Expense 0 Annual Water Sewer Exp 2800 Assoc Dues Frequency Not Applicable Auction Y / N No Documents Available Survey Efficiencies 0 Electric Meters 5 For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 6 Gross Monthly Income 4550 Gross Monthly Rent 4550 Lease Term Month To Month New Construction No One Bedrooms 0 Owner Pays Building InsuranceFuelSewerTrash Collection 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 Lease Sewer City Tenant Pays Electric Three Bedrooms 0 Township Henry Two Bedrooms 4 Unit1 Unit Rent 607 Unit1- Currently Rntd Y / N Yes Unit1- Garage Y / N No Unit2 Unit Rent 600 Unit2- Currently Rntd Y / N No Unit2- Garage Y / N No Unit3 Unit Rent 612 Unit3- Currently Rntd Y / N Yes Unit3- Garage Y / N No Unit4 Unit Rent 747 Unit4- Currently Rntd Y / N No Unit4- Garage Y / N No Unit5 Unit Rent 647 Unit5- Currently Rntd Y / N No Unit5- Garage Y / N No Unit6 Unit Rent 725 Unit6- Currently Rntd Y / N No Unit6- Garage Y / N No Units Rented 4 Water Company New Castle Utility Water Meters 2 Water Utility City Well Type Community Year Taxes Payable 2022

Listing provided by Cara Huffman of F.C. Tucker/Crossroads Real Estate: [IDXCONTACTINFORMATION].
© 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 Team Melton | ERA First Advantage 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 Team Melton | ERA First Advantage Realty. Data last updated: 2022-12-02T14:28:54.823.

 
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