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342 E Lincoln Highway

New Haven, IN 46774
  • $375,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 202218820
UPDATED: 84 min ago
$375,000
  • 0
    BEDS
  • 0.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,717
    SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
1955
County:
Area:

School Ratings & Info

Description

Attention Investors! Turnkey income producing property. There is an annual net income of $40,000.00 on this mixed use property. There are 12 units. In the front building there are 2 retail units-one is a salon that has been rented for 7 years, the other could be an office or easily converted into an apartment. There is also a 1 bedroom and a 2 bedroom apartment in this building. In the rear building there are 8 efficiency apartments, some with long term tenants. There is a 9th efficiency space that is used as the maintenance room. A storage shed is located next to the efficiencies. All units are rented except for one of the retail/office spaces.

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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 Parker Team | Keller Williams Realty. Data last updated: 2022-06-26T00:27:48.45.

www.parkerteamhomes.com/homes/128846174
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342 E Lincoln Highway New Haven, IN 46774

  • Price: $375,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 84 min ago
  • MLS #: 202218820
0
Beds
0
Baths
0
½ Baths
0.47
Acres
3,717
SQFT
$101
$/SQFT
1955
Built
Neighborhood:
Begues
County:
Allen
Area:
Allen
Property Description
Attention Investors! Turnkey income producing property. There is an annual net income of $40,000.00 on this mixed use property. There are 12 units. In the front building there are 2 retail units-one is a salon that has been rented for 7 years, the other could be an office or easily converted into an apartment. There is also a 1 bedroom and a 2 bedroom apartment in this building. In the rear building there are 8 efficiency apartments, some with long term tenants. There is a 9th efficiency space that is used as the maintenance room. A storage shed is located next to the efficiencies. All units are rented except for one of the retail/office spaces.
Exterior Features

Construction Type1 Wood Frame Driveway Asphalt Exterior VinylWood Fire Doors YN No Location City Lot Dimensions 150X137 Parking Off-StreetPaved Parking Spaces 16 Parking Type Parking Lot Parking YN Yes Road Access City Roof Material MetalShingle Security Light YN Yes Sign Type Street Sign Pole Signs YN Yes Waterfront YN No

Interior Features

Basement Foundation Slab Basement YN No Bldg1 Above Grd Sq Ft 1797 Bldg1 Below Grd Sq Ft 0 Bldg1 Fin Office Sq Ft 900 Bldg2 Above Grd Sq Ft 1920 Ceiling Height 8 Column Spacing Na Cooling Central AirWall Ac Flooring CarpetTileVinylWood Heating Fuel BaseboardElectricForced AirGas Interior Height 8 Interior Walls Drywall Special Features NoneOther Total Restrooms 12

Property Features

Annual Taxes 3696.48 Auction YN No Buildings 3 Burglar Alarm YN No Currently Leased YN Yes Documents Available SurveyIncome/ExpensesLbp FormLegal DescriptionUtility Bill InformationRent Roll Enterprise Zone No Equipment YN Yes Fire Protection CityPublic For Sale Or Rent For Sale Gross Monthly Expenses 2901 Gross Monthly Rent 6150 Ingress Egress Combo Lease Available YN Yes Lease Term Remaining Variable New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Present Use Other Property Sub Type Mixed Use Property Use Investment Property Proposed Financing CashConventional Reo YN No Sale Includes BuildingLandLease Sewer City Smoke Fire Alarm YN Yes Sprinkler System YN No Tax Abatement No Township Adams Water Heater YN Yes Water Softener YN No Water Utility City Year Taxes Payable 2022

Listing provided by Neal Sherk of North Eastern Group Realty: 260-489-7095.
© 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 Parker Team | Keller Williams 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 Parker Team | Keller Williams Realty. Data last updated: 2022-06-26T00:27:48.45.

 
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