$1,750,000
$2,100,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
39 Beds
24 Baths
20,756 SqFt
SOLD DATE : 03/19/2025
Key Details
Sold Price $1,750,000
Property Type Condo
Sub Type Apartment Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 20,756 sqft
MLS Listing ID 202425050
Sold Date 03/19/25
Style Two Story
Bedrooms 39
Full Baths 24
Abv Grd Liv Area 20,756
Total Fin. Sqft 20756
Year Built 1977
Annual Tax Amount $9,996
Tax Year 2024
Lot Size 1.590 Acres
Property Sub-Type Apartment Complex
Property Description
24 unit apartment complex with potential for greater profit as the units continue to be renovated. Four units have already been completely renovated and several others have had partial renovations. Monthly rents listed are for the completely renovated units. All units have been upgraded to high efficiency mini-split heat pump units, allowing the owner to offer electric as well as water to be included with the rent, which has been very appealing to tenants. Roofs are only a few years old and windows in 4 units have been replaced. Very minimal vacancy.
Location
State IN
County Knox County
Area Knox County
Direction Entering Bicknell from the East on 67, watch for McDonalds on the left. Fairview Drive is just past it on the right at Wagler Discount Sales. The apartments are at the end of the drive just past the storage facility.
Rooms
Dining Room 0
Interior
Flooring Carpet, Laminate, Vinyl Tile
Appliance Building, Business, Land
Laundry , 48
Exterior
Exterior Feature Swing Set, Sidewalks
Fence None
Amenities Available Ceiling Fan, Off Street Parking, Cable Available, Countertops-Laminate, Water Heater Electric, Sump Pump
Roof Type Asphalt,Shingle,Dimensional Shingles
Total Parking Spaces 48
Building
Lot Description 0-2.9999
Story 1
Structure Type Vinyl
New Construction No
Schools
Elementary Schools North Knox
Middle Schools North Knox
High Schools North Knox
School District North Knox S.D.
Others
Financing Conventional
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IDX information provided by the Indiana Regional MLS
Bought with Michelle Sebastian • Re/Max Allstars
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Broker-Owner | Lic# RB14027336