Address
4101 S Dixon Road, Kokomo, IN
Price
$ 1,250,000
Property Attributes
- MLS#21911301
- TypePending
- CountyHOWARD
- CityKokomo
- AreaCenter
- Zip46902
- StyleMulti-Family 5+
- Taxes$ 566
- Price$ 1,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6374
- Lot Size0.35 Acres
Data Source:
Metropolitan Indianapolis MLS (MIBOR)
Property Description
Excellent opportunity to launch or expand your SFR presence in Kokomo, IN w/ this 19 property Portfolio. This diversified &stabilized (with upside) property mix includes 18 Single Family Homes & a Two Tenant Office Property. Fourteen of the eighteen SFRs rent as long term rentals with MTM leases for flexibility. The remaining four rent as short term rentals, but generally have repeat long-term stays. The office building has long term tenants with stabilized leases. A local property manager handles virtually everything for a minimal touch investment.
| Elementary School | Middle School | High School |
|---|---|---|
| Western Primary School Elementary School | Western Middle School | Western High School |
| Price History | |
|---|---|
| 3/20/2023 | Listed $1,250,000 |
General Features
| Additional Parcels Description | 34-03-25-364-011.000-002 |
|---|---|
| Additional Parcels Y/N | Yes |
| Cap Rate | 9 |
| City | Kokomo |
| County | Howard |
| Current Financing | Cash Only |
| Current Use | Office |
| Days on Market | 54 |
| Directions | 2 streets N of SR 26, just SW of Alto Rd. Cross streets includes CR S 200 W and Mill Street. Property is adjacent from Harrison Township Fire Department. |
| Disclosures | Not Applicable |
| Elementary School | Western Primary School |
| High School | Western High School |
| High School District | Western School Corporation |
| Insurance Expense | 879 |
| Legal Description | O P ALTO LOTS 5 & 6 |
| Lot Size Square Feet | 15246 |
| MLS Area | 3408 - Howard - Center |
| Middle/Junior High School | Western Middle School |
| Net Operating Income | 10486 |
| New Construction | No |
| Operating Expense | 4493 |
| Ownerpays | Insurance, Taxes, Sewer, Water |
| Possession | Closing |
| Property SubType | Multi-Family 5+ |
| Property Type | Commercial Sale |
| Roof | Other |
| Standard Status | Pending |
| Status | Pending |
| Stories | 2 |
| Street Name | Dixon |
| Subdivision Name | No Subdivision |
| Tax Lot | 5 & 6 |
| Tax Year | 22 |
| Tenant Pays | Cable TV, Electricity, Gas, Insurance, Trash Collection, Other |
| Total Units | 19 |
| Township | Center |
| Utilities | Electricity Connected |
| Zoning | C1 |
Interior Features
| Livingareasource | Plans |
|---|---|
| Street Suffix | Road |
Exterior Features
| Building Area Total | 6374 |
|---|---|
| Lot Size Acres | 0.35 |
| Parking Features | Common |
| Road Surface Type | Asphalt |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 46902
Price
Taxes
Visits
Walkscore
MIBOR REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than RE/MAX Advanced Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2023 All rights reserved.
Last Updated: December 2, 2023 2:40 PM UTC
