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Key Details
Sold Price $1,750,000
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 20,756 sqft
Price per Sqft $84
MLS Listing ID 21986940
Sold Date 03/19/25
Year Built 1977
Tax Year 2023
Lot Size 1.590 Acres
Acres 1.59
Property Sub-Type Multi-Family 5+
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.
Location
State IN
County Knox
Zoning Commercial
Interior
Cooling Ductless, Heat Pump, High Efficiency (SEER 16 +), Other
Fireplace N
Exterior
Exterior Feature Lighting, Playset, Smart Lock(s)
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Building
Story Two
Foundation Block, Divided, Full
Architectural Style Cape Cod
Structure Type Vinyl Siding,Wood
New Construction false
Schools
Elementary Schools North Knox Primary School
High Schools North Knox Jr-Sr High School
School District North Knox School Corp
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