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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
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
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IDX information provided by the Indiana Regional MLS
Bought with BLOOM NonMember • NonMember BL
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