Sold
Last Sold Price
36 beds20,232 sqft$64/sqft
10601 Cunot-Cataract Rd, Poland, IN 47868
Multi FamilyProperty Type
5.99 acresLot Size
1999Year Built
$64/sq ftPrice per sq ft
44 carsParking Spaces

Description

There are a total of 24 units, all of which are currently leased with scheduled rent increases upon renewal. Each of the three buildings comprises four 2-bedroom/1 bath and four 1-bedroom/1 bath units. Notably, each unit offers a vaulted ceiling in the kitchen, dining, and living area, as well as a laundry closet with hook-ups for a stacked washer & dryer. Tenants have access to a community room with a full kitchen, a half-bathroom, and coin-operated laundry. The property has undergone several improvements,...There are a total of 24 units, all of which are currently leased with scheduled rent increases upon renewal. Each of the three buildings comprises four 2-bedroom/1 bath and four 1-bedroom/1 bath units. Notably, each unit offers a vaulted ceiling in the kitchen, dining, and living area, as well as a laundry closet with hook-ups for a stacked washer & dryer. Tenants have access to a community room with a full kitchen, a half-bathroom, and coin-operated laundry. The property has undergone several improvements, including roof replacements and upgraded utility services. Two of the buildings' roofs are only 1 year old, the 3rd roof is 3-4 years old. The owners have provided a list of other improvements that have been made since they purchased the property. As tenants vacated, that unit was rehabbed as needed. There are 40+ parking spaces with designated handicapped parking. Trash removal is included in the rent. Tenants pay all utilities. The property is only shown by appt. Please provide proof of funds or a loan pre-qualification letter before the appt. request. Please note, the numbers work best for an owner-managed operation.
  • Listed by: Ron Plecher • RE/MAX Realty Professionals
Listing closed: 11/14/2024 12:00 AM • Source: Indiana Regional MLS, MLS#: 202423104

Recent comparable sales

Median sold price

$38,000

Avg days on market

64

Sale-to-list ratio

79.1%

Poland, IN

9 comparable properties found

$700,000 | 10870 Private Road 570 West, Poland, IN 47868
1/8
1

$700,000

Sold 10/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
6.02
Acres
$190,000 | 5384 Private Road 1070, Poland, IN 47868
1/36
2

$190,000

Sold 09/23/24

3
Bedrooms
1,392
Square Feet
1.11
Acres
3

$190,000

Sold 09/23/24

Unavailable
Bedrooms
1.5
Bathrooms
1,392
Square Feet
1.11
Acres
$6,000 | 10801 Pr 525 West, Poland, IN 47868
1/21
4

$6,000

Sold 09/27/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.21
Acres
5

$4,000

Sold 06/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.22
Acres
$38,000 | 5490 Forest Lane, Poland, IN 47868
1/37
6

$38,000

Sold 12/23/25

5
Bedrooms
1,792
Square Feet
0.81
Acres
7

$20,000

Sold 02/19/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.6
Acres
8

$35,000

Sold 05/13/25

Unavailable
Bedrooms
1
Bathrooms
600
Square Feet
1.4
Acres
$83,500 | 5806 Cunot-Cataract Road, Poland, IN 47868
1/15
9

$83,500

Sold 05/28/25

Unavailable
Bedrooms
0.5
Bathrooms
Unavailable
Square Feet
10
Acres

Location

Listing Courtesy of RE/MAX Realty Professionals

Sold By NonMember BL

Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$6,878 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,608

Property Taxes

$270

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 10601 Cunot-Cataract Road

Property Details
  • Taxes: $3,242 / year
  • MLS Type: Multi Family / Apartment Complex
  • County: Owen County
  • Style: One Story
  • Architectural Style: Ranch
  • Subdivision: None
  • Waterfront: No
  • Water Features: None
  • Pet Restrictions: Yes
Building Information
  • Building/Complex: 10601 Cunot-cataract Rd
  • Stories: 1
  • Residences: 24
  • Year Built: 1999
Summary
Location and General Information
  • Area: Owen County
  • City: Poland
  • Zip + 4: 8500
  • Zip Code: 47868
  • County Zoning: Other
  • State: IN
  • Township: Jackson
  • Cross Street: IN 42 W
  • Geo Latitude: 39
  • Geo Longitude: -87
  • Road Access: County
  • Inside City Limits: No
  • Zoning Description: Commercial Industrial
  • Fips Code: 18119
  • Directions To Property: In Spencer, from W SR 46, turn north onto 231, follow to CR 1200 S, turn left and travel 1 mile. At the STOP sign, take a slight left onto IN-42 W. Travel 5.4 miles to Cunot-Cataract Rd, turn left, and look for the property on the right.
  • Location: Rural
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 60-03-28-300-840.000-019
  • Parcel Id 2: 60-03-33-200-070.000-019
School Information
  • School District: Cloverdale Community Schools
  • Elementary: Cloverdale
  • Middle School: Cloverdale
  • High School: Cloverdale
Parking
  • Number Of Parking Spaces: 44
  • Parking: Lot
Virtual Tour
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Complex
  • Approx Lot Size Acres: 5.99
  • Lot Dimensions: 781x417x1129x273
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 20232.0
  • Upper Level Sqft: 0.0
  • Approx Lot Size Sqft: 260924.0
  • Above Grade Finished Sqft: 20232.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 20232.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Main Level Sqft: 20232.0
Property and Assessments
  • New Construction: No
  • Year Built: 1999
  • Age: 25
  • Documents Available: Aerial Photo, Income/Expenses
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Cable Company: Other
  • Electric Company: REMC
  • Gas Company: CenterPoint Energy
  • Sewer: Septic
  • Water Company: Other
  • Water Utility: Public
Interior and Exterior Features
Exterior Features
  • Amenities: Ceiling Fan, Cable Available, Ceilings-Vaulted, Detector-Smoke, Open Floor Plan, Porch Covered, Water Heater Electric, Washer Hook-Up
  • Common Amenities: Clubhouse, Laundry Facilities, Sidewalks
  • Driveway: Concrete
  • Exterior: Brick, Vinyl
  • Fence: Decorative, Wood
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Road Surface: Paved
  • Roof Material: Dimensional Shingles
Interior Features
  • Number of Electric Meters: 25
  • Number of Gas Meters: 25
  • Number of Dishwashers: 25
  • Number of Disposals: 0
  • Number of Dryers: 3
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 25
  • Number of Refrigerators: 25
  • Number of W/D Hookups: 24
  • Number of Washers: 3
  • Number Water Meters: 25
  • Basement: No
  • Basement/Foundation: Slab
  • Cooling: Central Air
  • Flooring: Carpet, Laminate, Vinyl Tile
  • Heating/Fuel: Gas, Forced Air
  • Stories: 1
  • Number of Above Grade Bedrooms: 36
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 36
  • Total Number of Full Baths: 24
  • Total Number of Half Baths: 1
  • Total Baths: 25
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 12
  • Num Of 2 Bedrooms: 12
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 24
  • Number of Buildings: 3
  • Number of Units: 24
  • Restrictions: Yes
Income & Expenses Information
  • Annual Electric Expense: $3,107.00
  • Annual Fuel Expense: $3,106.00
  • Annual Gross Rent $: $174,767
  • Annual Insurance Expense: $9,175
  • Annual Maint. Expense: $6,000
  • Annual Misc: $2,512
  • Annual Net Income: $144,696
  • Annual Property Tax: $3,242
  • Annual Trash Expense: $1,687
  • Annual Water/Sewer Exp: $1,242
  • Gross Monthly Income: $14,564
  • Gross Monthly Rent: $14,370
Unit Information
Unit 1
  • Unit 1 SqFt: 853
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Num of Rooms: 4
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Electric: Tenant
  • Unit 1-Garage Type: None
  • Unit 1-Garage: No
  • Unit 1-Gas: Tenant
  • Unit 1-Laundry Room: Closet
  • Unit 1-Lease Exp Date: 12-31-2024
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 4
  • Unit 1-Unit Rent $: $700
Unit 2
  • Unit 2 SqFt: 652
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Num of Rooms: 3
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Electric: Tenant
  • Unit 2-Garage Type: None
  • Unit 2-Garage: No
  • Unit 2-Gas: Tenant
  • Unit 2-Laundry Room: Closet
  • Unit 2-Lease Exp Date: 12-31-2024
  • Unit 2-Level: Main
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 10
  • Unit 2-Unit Rent $: $550
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal, Tax, Trash Collection
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Sewer, Water, Deposit Value

Property History for 10601 Cunot-Cataract Road

DateEvent & SourcePriceAppreciation
Nov 14, 2024

Sold

Indiana Regional MLS #202423104

$1,300,000
Nov 14, 2024

Sold

MIBORMLS #21986857

$1,300,000
Nov 1, 2024

Pending

Indiana Regional MLS #202423104

DateEvent & SourcePrice
11/14/2024

Sold

Indiana Regional MLS #202423104

$1,300,000
11/14/2024

Sold

MIBORMLS #21986857

$1,300,000
11/01/2024

Pending

Indiana Regional MLS #202423104

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 10601 Cunot-Cataract Road

Taxable ValueLand$31,800Additions$678,600Total$710,400
Tax Record2025$10,240 ($853 / month)
Home Facts
Total Finished SqFt7,394 SqFtAbove Grade Finished SqFt7,394 SqFtStories1Lot Size200,376 SqFtStyleMulti-Family Res (5+ Units)Year Built1999Year Renovated1999CountyOWENAPN60-03-28-300-840.000-019

Schools near 10601 Cunot-Cataract Road

This home is within Cloverdale Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Cloverdale Elementary School
PublicPK to 4

Cloverdale Middle School
Public5 to 8

Cloverdale High School
Public9 to 12

Cloverdale Distance Learning Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 47868

$210,000 | 3267 Jordan Village Road, Poland, IN 47868
1/44

$210,000

3
Bedrooms
1,056
Square Feet
2
Acres
$401,000 | 0 Maple Street, Poland, IN 47868
1/21

$401,000

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
26.72
Acres
$401,000 | Maple Street, Poland, IN 47868
1/19

$401,000

Unavailable
Bedrooms
0.5
Bathrooms
Unavailable
Square Feet
26.72
Acres
$199,000 | 0 East Private Road 375 North, Poland, IN 47868
1/11

$199,000

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
22.65
Acres
$595,000 | 8541 Buffalo, Poland, IN 47868
1/28

$595,000

3
Bedrooms
2,500
Square Feet
19.99
Acres
$20,000 | 6665 North, Poland, IN 47868
1/5

$20,000

Unavailable
Bedrooms
0.5
Bathrooms
Unavailable
Square Feet
0.55
Acres
$20,000 | 6665 North Drive, Poland, IN 47868
1/5

$20,000

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.55
Acres
$560,000 | 6400 Ruble Road, Poland, IN 47868
1/163

$560,000

2
Bedrooms
1,536
Square Feet
37
Acres
$349,900 | 3356 County Road 525 West, Poland, IN 47868
1/31

$349,900

3
Bedrooms
1,040
Square Feet
16.75
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 10601 Cunot-Cataract Road, Poland, IN 47868
$1,300,000
36
20,232
260,924
1
798
2,352
1
728
11,761
$19,500
18,295
3
1.5
1,538
1,195,678
$2,000
17,424

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Realty Professionals

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.