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Listing 6 out of 34
$219,500 For Sale

118 E Van Buren Street
Columbia City, IN 46725

2 units | Multi Family Home
7754 sq ft - MLS# 201902748
Property Photo
1/5

Description

Current owner has owned this property since 1972 and has operated his insurance office and rented the balance of the main floor to a CPA firm for 42 years. Current lease runs through 5/31/2023. Upstairs is a beautiful 3 BR apartment with a bonus room and 2nd bath on the main floor that connects to the 2 car garage used by the upstairs apartment tenant. This 2 year lease runs through June 30, 2021. The property has been well cared for with many updates. Main floor commercial unit leases for $1975 per month and seller pays all utilities. Upstairs apt. rents for $700 per month and tenant pays electric and gas. Seller pays trash, water and sewer. Gas and electric are separately metered. Water & sewer have 1 meter. Upstairs rent now is $650 per month and expires 6/3019 but as of 6/30/19 rent will be $700 per month and will extended lease to 6/30/21.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Whitley County
  • Zip Code: 46725
  • Year Built: 1938
  • Age: 81
  • School District: Whitley Co Cons Schools
  • Elementary School: Mary Raber
  • Middle School: Indian Springs
  • High School: Columbia City
  • Sq.Ft.: 5,143 sq ft
  • Style: Converted House
  • Stories: 1.5
  • Units: 2 units
  • Bedrooms: 3
  • Full Baths: 2
  • Half Baths: 2
  • Basement: Crawl, Partial Basement, Yes
  • # of Parking Spaces: 8
  • Lot Size: 7754 sq ft
  • Baths: 4
  • Zoning: B2 Central Business
  • # Above Grade Bedrooms: 3
  • # Electric Meters: 2
  • # Gas Meters: 2
  • # Of Dishwashers: 1
  • # Of Disposals: 1
  • # Of Dryers: 1
  • # Of Microwaves: 1
  • # Of Ranges/Ovens: 1
  • # Of Refrigerators: 1
  • # Of W/D Hookups: 1
  • # Of Washers: 1
  • # Ttl Rooms Below Grade: 1
  • # Water Meters: 1
  • Amenities: Basement, Off Street Parking, Storage, Cable Available, Cable Ready, Countertops-Laminate, Crown Molding, Eat-In Kitchen, Garage Door Opener, Storm Doors, Water Heater Gas, Water Softener-Owned, Washer Hook-Up, Custom Cabinetry
  • Annual Electric Expense: 6500
  • Annual Fuel Expense: 1200
  • Annual Insurance Expense: 1200
  • Annual Maint. Expense: 7200
  • Annual Net Income: 7432.04
  • Approx. Lot Size Sqft: 7754
  • Basement Material: Poured Concrete
  • Basement/Foundation: Crawl, Partial Basement
  • Below Grade Unfin. Sqft: 540
  • Cooling: Central Air
  • Driveway: Asphalt
  • Energy Efficient: Hvac
  • Enrgy Efficient Win/Doors: Double Pane Windows, Storm Doors
  • Exterior: Brick, Vinyl
  • Flooring: Carpet
  • Gas Company: Nipsco
  • Gross Monthly Income: 2625
  • Gross Monthly Rent: 2625
  • Heating/Fuel: Gas, Forced Air, Hot Water
  • Hvac: High Efficiency Furnace
  • Lease Term: 2 Years, 3 Or More Years, Renewal Options
  • Location: City/Town/Suburb
  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 52x149
  • Main Level Sqft: 3029
  • Num. Of 3 Bedrooms: 1
  • Num. Of Units Rented: 2
  • Number Of Buildings: 1
  • Other Fees Frequency: Annually
  • Owner Pays: Cooling, Electric, Fuel, Heating, Lawn Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water, Water Softener
  • Parking: Paved, Private, Street
  • Road Access: City
  • Road Surface: Asphalt
  • Roof Material: Shingle
  • Sale Includes: Building, Land
  • Sale/Rent/Auction: For Sale
  • Sewer: City
  • Tenant Pays: Cable, Electric, Fuel, Heating
  • Total Below Grade Sqft: 540
  • Total Finished Sqft: 5143
  • Total Sqft: 5683
  • Township: Columbia
  • Unit 1-# Of Bathrooms: 2
  • Unit 1-# Of Rooms: 14
  • Unit 2-# Of Bathrooms: 2
  • Unit 2-# Of Bedrooms: 3
  • Unit 2-# Of Rooms: 6
  • Unit 2-Garage/# Of Cars: 2
  • Upper Level Sqft: 2114
  • Water Utility: City
Courtesy of Orizon Real Estate, Inc., Gregory Fahl

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Tug and Judi Pierson
Phone: 260-413-7218
Tug@tugandjudi.com

 

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Tug Pierson | Remax Results | Phone: 260-413-7218 | Email Me

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