Property for sale in Anderson, Indiana. Here is a great bargain. This Apartment is offered for sale by Agent located in Indiana. Built around 1910 the property is approximately 3700.00 square feet. High offer: $50600.
Real Estate Auction 1019 Delaware, Anderson, Indiana 46016 Property Description BEAUTIFULLY PRESERVED 5 UNIT HISTORIC HOME WITH 2 UNIT CARRIAGE HOUSE DESIGN. INSPIRED BY THE WORKS OF FRANK LLOYD WRIGHT’S EARLY WORKS (PRAIRIE HOUSE PERIOD). HOME IS LOCATED IN THE RECENTLY RENOVATED DOWNTOWN ANDERSON AREA WITH OTHER HISTORIC BUILDINGS AND CHURCHES. ALL SEVEN UNITS ARE CURRENTLY RENTED. ONE OF THE UNITS IS RENTED BY TENANTS WHO HAVE LIVED IN THE HOME FOR OVER 5 YEARS . FIVE UNITS ARE ONE BEDROOM, ONE UNIT IS A LARGE STUDIO APARTMENT, AND ONE UNIT IS A STUDIO/ONE BEDROOM. ALL UNITS, EXCEPT FOR ONE, HAVE ORIGINAL HARDWOOD FLOORS. UNIT 3 HAS ORIGINAL TILE, TUB, AND SINK, THE BATHROOM ENTRYWAY HAS ORIGINAL CUSTOM WINDOWS, WOODEN STAIRCASE, AND ENTRY DOOR. LARGE BRICK FRONT PORCH WITH ORIGINAL TILE FLOOR AND BUILT IN PLANTERS. ORIGINAL BUILT IN GUTTER SYSTEM WITH EXCELLENT DRAINAGE AWAY FROM HOUSE MAIN HOUSE HAS FULL UNFINISHED BASEMENT. PLENTY OF ROOM FOR STORAGE FOR YOURSELF OR TO EVEN RENT TO THE CURRENT TENANTS. CARRIAGE HOUSE ALSO HAS FULL UNFINISHED BASEMENT. EACH UNIT HAS ITS OWN PARKING SPACE IN THE PARKING LOT BETWEEN THE MAIN HOUSE AND THE CARRIAGE HOUSE. EACH UNIT HAS ITS OWN ELECTRIC METER. EACH TENANT WILL PAYS THEIR OWN ELECTRIC. ALL COMMON AND/OR EXTERIOR LIGHTS ARE ON THEIR OWN METER WHICH IS PAID BY THE OWNER. NEW 30 YEAR DIMENSIONAL ROOF IN 2008. NEW BOILER SYSTEM WITH MAINTENANCE PACKAGE IN 2008 Financial Information TOTAL RENTAL $2,900 PER MONTH $34,800 PER YEAR EXPENSES PER YEAR TAXES $2,658 GAS $7.800 UTILITIES COMMON AREAS $2,400 TRASH PICKUP $1,020 INSURANCE $2,400 MANAGEMENT FEES $1,800 TOTAL EXPENSES OF $18,078 PER YEAR NET ANNUAL INCOME IS $16,722 PER YEAR Terms of Sale Buyer will make an $3000 deposit due immediately ( 24 Hours MAX ) after the end of this auction. We will accept PAYPAL or overnighted certified check. This money will be held and applied to the balance of sale due at closing. Deposit is non-refundable and will be forfeited if the transaction is not completed by the buyer. Buyer will also receive a purchase agreement and related sales disclosures that will need to be signed and return with the deposit. Closing will occur within 30 days and will be conducted by a local, title company. Seller will provide clear title with owners title insurance. Seller will also pay property taxes due up to the closing date. Buyer will be responsible for taxes after that date. Closing costs to the buyer will be between $700 to $900. This amount will be calculated by the title company and will be spelled out on the settlement statement reviewed before the closing. This is a cash sale. This purchase is not subject to or contingent upon financing. If you want to inspection this property, please do so before the auction ends. We will be happy to help with inspection schedules and showings. Please call to make an appointment. This purchase is not subject to or contingent on inspections. This property will be sold in "as-is" condition. Inspections are at buyer expense. This property is advertised elsewhere and I reserve the right to end this auction early. If you have any questions, please call 765-683-9274 and ask for Angie or Dan. Or you can send email to info@braggrealtygroup.com F.A.Q What is the Rent of each unit? Unit 1 $500 Unit 2 $350 Unit 3 $400 Unit 4 $400 Unit 5 $350 Unit 6 $500 Unit 7 $400 How many of the units have been updated/renovated? All of the units have been updated as far as the wood trim and floors. None of the kitchens are updated though they are in decent shape. One unit had a small fire which did damage the HW floor in the living room so there is carpet in that unit. Did the seller get permits for the updates? Yes, all updates were done by a licensed contractor. Do the roof, boiler, and electrical work have any type of warranties? The boiler has a maintenance agreement so the company comes out and starts is up each fall and shuts it down in the spring for $75/year. The roofing company does guarantee its work for 10 years. If the current manager isn't retained, will he move out? Current manager no longer lives in the building. Is the seller willing to hold a second mortgage/land contract? No Does it have garages or off street parking available? There is parking behind the house, between the main house and the carriage house. There is a paved parking area with enough spots for each unit. Feel Free to contact us with any additional questions you may have.
