126 E Van Buren Street Columbia City, IN 46725 Sold 2018-05-18

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Loretta Reeder
Loretta Reeder
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Sold for $114,900 Listing Price: $114,900

126 E Van Buren Street

9 Bedrooms
6 Bathrooms
3597 Sq Ft
0.22 Acres

This property is not currently for sale or for rent.

Property Description

Prime Rental Property - Two well maintained separate buildings on a single lot with all the conveniences of downtown living. The larger building is 2,384 sq ft with three 1-BR apartments, 4 sleeping rooms and a basement. The smaller building is a 1,213 sq ft ranch with two 1-BR apartments and a 2-car detached garage. The 4 sleeping rooms could easily be turned into additional apartments. There are currently two renters and the owner has not offered the other apartments for rent due to the impending sale. The detached garage is currently being used by the owner and is not being used by the tenants. The annual property taxes for both buildings is approximately $2300. With 2 units currently rented, the annual gross income is $7,800. At the seller's currently monthly rental fees ($300 & $350) and with 5 units rented, the annual gross income would be $19,800. The rental of 4 sleeping rooms at $50 each per month would be $2,400 per year bringing the total annual gross income to $22,200. The address of the two properties are 126 E. Van Buren St. and 128 E. Van Buren St. The grid sheet reflects the combined total square footage, # of bedrooms, baths, etc. for the two buildings.


MLS # 201817223
Status Sold
Property Type Investment
Property SubType Apartment Building
Days on Market 7
External Features
County Whitley
City Columbia City
State IN
Zip 46725
Assoc. Dues $0.00

MLS# 201817223.
Listing Provided Courtesy of Timothy Brower
Orizon Real Estate, Inc.

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated Friday, February 26th, 2021 at 1:30 AM EST.