1114 5th St

Rising Sun, IN 47040

$900,000
Last Sold Price
—
Beds
—
Baths
11,900 Sq. Ft.
$76 / Sq. Ft.
11,900
Sq. Ft.
$76
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 3/31/23
Closed 3/31/23

Description

Once in awhile we market a unique property that has had one owner since it was built in the early 1980's. A Brick 20 Unit Apartment Complex includes 2 Buildings with 2 Levels. All 20 units are leased. 9 Units have rental assistance. Section 8 Housing approved. The 14 One Bedroom apartments lease for $459 - $649 per month. And the 6 Two Bedroom Apartments lease for $524 - $765 per month. The buildings have new roofs & windows in 2020, many units have newer furnaces and water heaters. All units have...Once in awhile we market a unique property that has had one owner since it was built in the early 1980's. A Brick 20 Unit Apartment Complex includes 2 Buildings with 2 Levels. All 20 units are leased. 9 Units have rental assistance. Section 8 Housing approved. The 14 One Bedroom apartments lease for $459 - $649 per month. And the 6 Two Bedroom Apartments lease for $524 - $765 per month. The buildings have new roofs & windows in 2020, many units have newer furnaces and water heaters. All units have electric furnaces, electric ranges/ovens, & ample parking. A common Laundry Room (18 x 12) features 2 newer Washers & 2 newer Dryers that are coinless-NOT Owned by Landlord-Leased. The office 12 x 9 for the complex is nearby. A built in Utility/tool area is close to the office. USDA RD Section 8 Housing-some Restrictions may apply. RD-USDA 11 years remain in contract-subject to restrictions to a new buyer. Buyer's lender changed requirements. Back on the market. Send preapproval letter.
  1. Listed by Mark Ginder • RE/MAX Advantage 1
  2. Listed by Pamela Ginder • RE/MAX Advantage 1

Property Details for 1114 5th Street

Zoning
Commercial
Parking Spaces
40.00
Directions
From Aurora, SR 56 to Rising Sun. Right on Fifth Street (at the edge of town turns into Salem Ridge Rd), to the Northridge Apartments on the corner of Fifth St and Burgess Ave.
View
City, Woods
Water Frontage
0.0
LISTING CLOSED: 03/31/2023 12:00 AM

Property Details for 1114 5th Street

StatusClosed
MLS #196611
Days on Market70
Taxes$5,856 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Apartment 5+ Units
Year Built1983
Lot Size1.50 AC / 65,340 SF
CountyOhio County
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Location

Listing Courtesy of RE/MAX Advantage 1

Sold By RE/MAX Advantage 1

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Building Information for 1114 5th Street

Stories-Residences20Year Built1983Building Size-Lot Size1.50 AC / 65,340 SF

Payment Calculator

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$4,973 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,485

Property Taxes

$488

HOA Dues

$0

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Property Information for 1114 5th Street

Summary
Location and General Information
  • County: Ohio
  • City: Rising Sun
  • State: IN
  • ZIP: 47040
  • Zip Plus 4: 8318
  • Access: City Street
  • Longitude: -84.86
  • Latitude: 38.96
  • Township: Randolph
Taxes and HOA
  • Other Tax Parcel ID: 0040203022160000
  • Semi-Annual Taxes: 2927.86
  • Tax Abatement: No
  • Tax Exemptions: None
  • Taxes(annual): $5,392.54
  • Parcel ID: 58-06-03-022-160.000-004
  • HOA Yes/No: No
  • Maintenance: 0.0
School Information
  • School District: Rising Sun - Ohio Co
  • School Name 1: Ohio County Elementa
  • School Name 2: Rising Sun High Scho
  • School Type 1: Elementary School
  • School Type 2: High School
Parking
  • Garage Dimensions: na
  • Garage Door Height: na
  • Garage Spaces: .00
  • Garage Y/N: No
  • Garage: None
  • Driveway Type: Blacktop
  • Easements: Public Record
  • Parking: Lot, Off Street
Property
Lot Information
  • Acres: 1.5
  • Above Grade Fin SF: 11900.0
  • Acreage Leased: No
  • Other Acres: 0.0
  • Tillable Acres: 0.0
  • Pastured Acres: 0.0
  • Wooded Acres: 0.0
  • Lot Dimensions: 262' x 262'
  • Lot Measurement: Acres
  • Lot Square Footage: 65340.0
  • Square Footage: 11900.0
  • Price Per Acre: $.00
  • Price Per Square Foot: $.00
  • Total Basement SF: 0.0
  • Total Finished SF: 11900.0
  • Efficiency Rent: $.00
  • Efficiency Sq Ft: 0.0
  • Efficiency Units: 0
  • Foundation: Poured
  • Below Grade Fin SF: 0.0
  • Land Description: Partially Wooded
Property and Assessments
  • Property Subtype 1: Apartment 5+ Units
  • Property Type: Multi Family
  • Property Disclaimer: Information has not been verified, is not guaranteed and subject to change.
  • Picture Count: 63
  • Road Frontage: 524.0
  • Special Financing: No
  • Year Built: 1983
  • Topography Desc: Level lot with Mature Pine Trees
  • Topography: Level
  • Property Description: Apartment 5+
  • Auction: No
  • Age: 0
  • Construction: Brick
  • Architecture: Other
  • Buildings: 3
  • Type of Home: Stick Built
  • FIPS Code: 115
  • MfgHomesAllowed Y/N: No
  • New Construction: No
  • Possession: At Closing
  • Property Ownership: Consumer
  • Through Payable Year: 0.0
  • LEED Home: No
  • Road Surface: Blacktop
  • Special Assessment: None
  • Documents Available: Aerial Photo, P & L's, Rent Roll
  • Special Listing Cond: None
  • Pending Contingency: Accept Backup Offers
  • HERS Rating (RESNET): 0.0
  • Degree Complete: Existing Structure
  • Historical Dist Y/N: No
  • Validated: Yes
  • Vacancy: 0.0
Green Features
  • Green Certification: No
  • Energy/GreenFeatures: No
Utilities
  • Separate Electric: Yes
  • Separate Gas: No
  • Gas and Electric: 0.0
  • Gas Y/N: No
  • Gas: None
  • Sewer: Public Sewer
  • Waterfront Y/N: No
  • Water Source: Public
  • Separate Water/Sewer: No
  • Water and Sewer: 0.0
  • Waste Removal: 0.0
  • Pond/Lake Y/N: No
  • Public Transportn: Yes-Catch a Ride
Interior and Exterior Features
Exterior Features
  • Levels: Two
  • Other Features: Corner Lot, Wooded Lot
  • Outside Features: Deck, Patio
  • PUD Y/N: No
  • Out Bldg 1 Desc: None
  • OutBldg 1 Dimensions: na
Interior Features
  • Fireplace: None
  • Fireplaces: 0
  • Roof: Shingle
  • Appliances: Oven/Range, Refrigerator
  • Basement Y/N: No
  • Water Heating: Electric
  • Appliance Include: Refrigerator and Electric Range Provided
  • Unfinished Bsmnt SF: 0.0
  • Inside Features: Storage Area
  • Interior Walls: Drywall
  • Separate Air Condi: Yes
  • Cooling: Central Air
  • Heating: Electric
  • Windows: Other, Double Hung, Double Pane, Vinyl
  • Separate Furnace: Yes
  • AccessDisabilityFeat: No
Room Information
Bedroom Information
  • Bedrooms: 0
Bathrooms Information
  • Bathrooms: 0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • Three Quarter Bathrooms: 0
Laundry Room
  • Laundry Type: Shared
Multi Family
Multi-Family Information
  • Total Units: 20
  • 1-Bedroom Rent: $649.00
  • 1-Bedroom Sq Ft: 502.0
  • 1-Bedroom Units: 14
  • 2-Bedroom Rent: $765.00
  • 2-Bedroom Sq Ft: 676.0
  • 2-Bedroom Units: 6
  • 3+ Bedroom Rent: $.00
  • 3+ Bedroom Sq Ft: 0.0
  • 3+ Bedroom Units: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Part Baths: 0
  • Unit 1 Rooms: 0
  • Unit 1 Rent: $.00
  • Unit 1 Assigned Prkg: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Part Bath: 0
  • Unit 2 Rooms: 0
  • Unit 2 Rent: $.00
  • Unit 2 Assigned Prkg: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Part Baths: 0
  • Unit 3 Rooms: 0
  • Unit 3 Rent: $.00
  • Unit 3 Assigned Prkg: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Bath: 0
  • Unit 4 Part Bath: 0
  • Unit 4 Rooms: 0
  • Unit 4 Rent: $.00
  • Unit 4 Assigned Prkg: 0
Income & Expenses Information
  • Other Expense: $.00
  • Net Operating Income: $0
  • Gross Income: $0
  • Insurance: $6,500.00
  • Miscellaneous: Coin Laundry
Rental
Rental Information
  • Lease Type: Net
  • Available for Lease: No
  • Lease Information: Section 8 HUD
  • Tenant Pays: Electricity, Insurance

Property History for 1114 5th Street

DateEvent & SourcePriceAppreciation
Mar 31, 2023

Sold

Southeastern Indiana Board of REALTORS #196611

$900,000—
Feb 13, 2023

Pending

Southeastern Indiana Board of REALTORS #196611

—
Feb 18, 2022

Listed (Active)

Southeastern Indiana Board of REALTORS #196611

$1,350,000—
DateEvent & SourcePrice
03/31/2023

Sold

Southeastern Indiana Board of REALTORS #196611

$900,000
02/13/2023

Pending

Southeastern Indiana Board of REALTORS #196611

—
02/18/2022

Listed (Active)

Southeastern Indiana Board of REALTORS #196611

$1,350,000

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

Public Records for 1114 5th Street

Taxable ValueLand$67,800Additions$353,100Total$420,900
Tax Record2024$8,362 ($697 / month)
Home Facts
Total Finished SqFt8,970 SqFtAbove Grade Finished SqFt8,970 SqFtStories2Lot Size75,794 SqFtStyleMulti-Family Res (5+ Units)Year Built1983CountyOHIOAPN58-06-03-022-160.000-004

Schools near 1114 5th Street

This home is within Rising Sun-Ohio County Com.
Rating
School
Type
Grades
Distance
Ohio County Elementary-Middle School
Public - PK to 5
Ohio County Middle School
Public - 6 to 8
Rising Sun High School
Public - 9 to 12
Rating
School
Distance
Ohio County Elementary-Middle School
PublicPK to 5

Ohio County Middle School
Public6 to 8

Rising Sun High School
Public9 to 12

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.

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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 Advantage 1

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.