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901 W Beardsley Avenue, Elkhart, IN 46514
$182,500
901 W Beardsley Avenue, Elkhart, IN 46514View this property at 901 W Beardsley Avenue, Elkhart, IN 46514
901 W Beardsley AvenueElkhartIN46514
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Property Description
Back on the market due to no fault of the seller! Great investment property. 11.4 Cap rate when fully occupied! Currently 3 of 4 units rented. Unit A rents for $850/mo. Unit B rents for $700/mo. Unit D rents for $700/mo. The vacant unit is a newly turned efficiency unit with a predicted rent rate of $700/mo. There is also a two-car garage at the property- one tenant is renting a stall for $50/mo and the other stall is vacant. Current rent collection is at $2300/mo with one unit and one garage stall still available. Each unit has its own separate electric meter, so tenants each pay their own electric bills, which covers heating. This fourplex has had many improvements since it's recent sale, including basement waterproofing and joist work by Forte, basement cleanout, water heater replacement, washing machine replacement, plumbing repairs, and exterior door replacements as well as two newly turned units.
Full Property Details
Full Property Details for 901 W Beardsley Ave
General
- Sold For: $182,500
- Taxes: (2022 pay 2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: 202303697
- Added to Site: 477 day(s) ago
Interior
- Flooring: Mixed
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 1
Exterior
- Exterior Features: Other
- Color: Other
Parking
- Garage: Yes
Location
- Subdivision: 66x165
- Neighborhood: Elkhart County
- Driving Directions: Corner Lot at Beardsley and Plum.
School Information
- Elementary School: Elkhart Community Schools
- Middle School: West Side
- High School: Elkhart
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Forced Air
- Heating Fuel: Baseboard, Forced Air
- Furnaces: 1
- Water Heaters: 850
Utilities
- Sewer: City
- # Gas Meters: 4
- # Electric Meters: 5
Structural Information
- Architectural Style: Two Story
- Exterior Const.: Other
- Basement: Yes
- Basement Entrance: 46514
- Stories/Levels: 2
- Finished Above Grnd: 1 Sq. Ft.
- Year Built: 1
Unit Information
- Units in Building: 4
- 2 Bedroom Units: 1
Unit 1
- Square Feet: 750
- Level: Main
- Total Bathrooms: 4
- Bedrooms: 1
Unit 2
- Total Bathrooms: 3
- Bedrooms: 1
Unit 3
- Unit Description: Greater South Bend-Mishawaka AOR
- Square Feet: 1936
- Total Bathrooms: 2
- Bedrooms: 906
Unit 4
- Square Feet: 1
- Level: Upper
Unit 6
- Bedrooms: 4
Unit 7
- Total Rooms: 4
Unit 8
- Total Bathrooms: 1
Lot Features
- Lot Size (Acres): 0.25
- Lot Size (Sq. Ft.): 10,890
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $94.27
- Assoc Fee Freq.: Not Applicable
- Tax Year: 2022 pay 2023
- Terms: Back on the market due to no fault of the seller! Great investment property. 11.4 Cap rate when fully occupied! Currently 3 of 4 units rented. Unit A rents for $850/mo. Unit B rents for $700/mo. Unit D rents for $700/mo. The vacant unit is a newly turned efficiency unit with a predicted rent rate of $700/mo. There is also a two-car garage at the property- one tenant is renting a stall for $50/mo and the other stall is vacant. Current rent collection is at $2300/mo with one unit and one garage s
Listed by Re/Max County Wide 1st, Alicia Olejnik
Berkshire Hathaway HomeServices Elkhart
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Schools
Schools serving 901 W Beardsley Ave
School District:Elkhart Community Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1735 Strong Ave, Elkhart, IN 46514 | K-6 | 0.9 mi | |
101 S Nappanee St, Elkhart, IN 46514 | 7-8 | 1 mi | |
Elkhart High School
2608 California Rd, Elkhart, IN 46514 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 901 W Beardsley Ave
Date
Details
Price
Change
Source
5/24/2023
Sold
$182,500
-1.35%
MLS
5/03/2023
Price Reduced
$185,000
-5.13%
MLS
2/09/2023
Listed
$195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
901 W Beardsley Avenue, Elkhart, IN 46514 (MLS# 202303697) is a Multi-Family property that was sold at $182,500 on May 24, 2023. Want to learn more about 901 W Beardsley Avenue? Do you have questions about finding other Multi-Family real estate for sale in Elkhart? You can browse all Elkhart real estate or contact a Coldwell Banker agent to request more information.