Address
424 North Lebanon Street Lebanon, IN
Price
$ 225,000
Property Attributes
  • MLS#21752391
  • TypePending
  • CountyBOONE
  • CityLebanon
  • Area607-Boone - Center
  • NeighborhoodLane
  • Zip46052
  • StyleTraditonalAmerican
  • Year Built1900
  • Taxes1760
  • Price$ 225,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,187 SqFt
Listing Provided Courtesy Of:
Jennifer Blandford with Carpenter, REALTORS®
Data Source:
Mid-Indiana BOR / MIBOR Realtor Association
Property Description

CASH COW! Move your $$ out of low-interest accounts & into RE to earn $27k+ GOI w/ this 4-unit apartment bldg, located in the heart of downtown Lebanon w/in steps of the shops, restaurants, library, park & courthouse. Good rental history w/ low expense for great cashflow & solid ROI. Main flr ftrs two 2BR units w/ access to 1C garages. Upper flr offers two 1BR units. A third garage bay is avlbe & could be leased for more $$. LT tenants in place, low turn-over, professionally managed & could continue to be - this is such EZ MONEY. All apartments individually metered. Sold w/ tenants' rights. Please do not disturb them! Sold AS IS. See attached inspection report & estimate for repairs needed.

Price History
11/14/2020 Listed $225,000
3/10/2021 20% - $182,000

General Features

Acres <1/4 Acre
Amenities 3CD garage
Arch Style TraditonalAmerican
Area 607 - Boone - Center
Available for Showing 1
BAC Amount BACAmount%
Building Information Smoke Alarm, No Furniture
Building Levels Two
Building Type Fourplex, FreeStand
Cumulative Days on Market 77
Disclosure Other As-Is, Defects/See Remarks
Disclosures Not Applicable
Inspection Warranties Other
Laundry Y/N Connections None
Listing Type Exclusive Right to Sell
Possession AtClosing, TenantRights
Present Use Apt<20
Property Description CASH COW! Move your $$ out of low-interest accounts & into RE to earn $27k+ GOI w/ this 4-unit apartment bldg, located in the heart of downtown Lebanon w/in steps of the shops, restaurants, library
Property Type Multi-Family
Proposed Use Apt<20
Roof asphalt shingles
School District Lebanon Community
Status Pending
Sub Type 1-4 Units Residential
Subdivision LANE
Tax Year 2019
Township Center
Year Built 1900
Zoning ZO01

Interior Features

Basement 1
Number Units Total 4
Total Baths 0.00

Exterior Features

Auto Parking 6
Auto Surface gravel
Exterior Vinyl
Exterior Amenities Driveway Gravel
Foundation Basement-Block, Full
Lot Information Access Alley, Corner, Curbs, Sidewalks, Storm Sewer
Lot Size 60x120
Numberof Garages 3
Road Access Frontage Road, CityStreet
Road Surface Asphalt
Unit Parking Parking Lot, Other

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 46052

Price
AVG $240K
$230K
Taxes
AVG $1,444
$1,760
Visits
AVG 86
25
Year Built
AVG 1962
1900

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