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10601 Cunot Cataract Road Poland, IN 47868-8500
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Key Details
Sold Price $1,300,000
Property Type Condo
Sub Type Apartment Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 20,232 sqft
MLS Listing ID 202423104
Sold Date 11/14/24
Style One Story
Bedrooms 36
Full Baths 24
Half Baths 1
Abv Grd Liv Area 20,232
Total Fin. Sqft 20232
Year Built 1999
Annual Tax Amount $9,175
Tax Year 2024
Lot Size 5.990 Acres
Property Description
There are a total of 24 units, all of which are currently leased with scheduled rent increases upon renewal. Each of the three buildings comprises four 2-bedroom/1 bath and four 1-bedroom/1 bath units. Notably, each unit offers a vaulted ceiling in the kitchen, dining, and living area, as well as a laundry closet with hook-ups for a stacked washer & dryer. Tenants have access to a community room with a full kitchen, a half-bathroom, and coin-operated laundry. The property has undergone several improvements, including roof replacements and upgraded utility services. Two of the buildings' roofs are only 1 year old, the 3rd roof is 3-4 years old. The owners have provided a list of other improvements that have been made since they purchased the property. As tenants vacated, that unit was rehabbed as needed. There are 40+ parking spaces with designated handicapped parking. Trash removal is included in the rent. Tenants pay all utilities. The property is only shown by appt. Please provide proof of funds or a loan pre-qualification letter before the appt. request. *Please note, the numbers work best for an owner-managed operation.
Location
State IN
County Owen County
Area Owen County
Direction In Spencer, from W SR 46, turn north onto 231, follow to CR 1200 S, turn left and travel 1 mile. At the STOP sign, take a slight left onto IN-42 W. Travel 5.4 miles to Cunot-Cataract Rd, turn left, and look for the property on the right.
Rooms
Family Room 550
Dining Room 0 x 700
Interior
Flooring Carpet, Laminate, Vinyl Tile
Appliance Building, Business, Land
Laundry , 44
Exterior
Exterior Feature Clubhouse, Laundry Facilities, Sidewalks
Garage Spaces 1.0
Fence Decorative, Wood
Amenities Available Ceiling Fan, Cable Available, Ceilings-Vaulted, Detector-Smoke, Open Floor Plan, Porch Covered, Water Heater Electric, Washer Hook-Up
Waterfront No
Roof Type Dimensional Shingles
Total Parking Spaces 44
Building
Lot Description Level
Story 1
Structure Type Brick,Vinyl
New Construction No
Schools
Elementary Schools Cloverdale
Middle Schools Cloverdale
High Schools Cloverdale
School District Cloverdale Community Schools
Others
Financing Cash,Conventional
Read Less
IDX information provided by the Indiana Regional MLS
Bought with BLOOM NonMember • NonMember BL