11708 Ironton Rd, Unit 20012024

16,736 Sq. Ft.
$46 / Sq. Ft.
16,736
Sq. Ft.
$46
per Sq. Ft.

Description

Great Investment. 24 all brick units in Shoals- Martin County. This property offers a 8.5% cap rate and great NOI. 16- 1BD/1BA and 8- 2BD/1BA. Tenants pay their own electric and owner pays water (tenants pay a flat fee monthly to cover). Common Laundry room and playground. Showings are available with a 24 hour notice.Great Investment. 24 all brick units in Shoals- Martin County. This property offers a 8.5% cap rate and great NOI. 16- 1BD/1BA and 8- 2BD/1BA. Tenants pay their own electric and owner pays water (tenants pay a flat fee monthly to cover). Common Laundry room and playground. Showings are available with a 24 hour notice.
  1. Listed by Amy Powell • Revestco LLC

Property Details for 11708 Ironton Road, Unit 20012024

Style
One Story
Architectural Style
Ranch
Subdivision
None
Waterfront
No
Water Features
None
Pet Restrictions
Yes
LISTING CLOSED: 09/30/2021 12:00 AM

Property Details for 11708 Ironton Road, Unit 20012024

StatusSold
MLS #201952127
Days on Market625
Pet Policy-
Taxes$7,000 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Apartment Complex
Year Built1996
CountyMartin County

Location

Listing Courtesy of Revestco LLC

Sold By Revestco LLC

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Building Information for 11708 Ironton Road, Unit 20012024

Building/Complex11708 Ironton RdFloor-Stories1Residences24Pet Policy-Pet Policy Details-Year Built1996Building Size-

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Property Information for 11708 Ironton Road, Unit 20012024

Summary
Location and General Information
  • Area: Martin County
  • City: Shoals
  • Zip Code: 47581
  • State: IN
  • Township: Halbert
  • Fips Code: 18101
  • Directions To Property: From the intersection of hwy 150 and 50 go east to Shoals Community school and turn right onto Ironton Rd. Complex on Left
  • Location: Rural
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2018
  • Parcel Number Id: 51-06-29-200-019.000-003
School Information
  • School District: Shoals Community School Corp.
  • Elementary: Shoals Community
  • Middle School: Shoals Community
  • High School: Shoals
Parking
  • Number Of Parking Spaces: 48
  • Parking: Lot, Off Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Complex
  • Approx Lot Size Acres: 1.51
  • Lot Dimensions: 1.51
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 16736.0
  • Approx Lot Size Sqft: 65776.0
  • Above Grade Finished Sqft: 16736.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 16736.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level, 0-2.9999
Property and Assessments
  • New Construction: No
  • Year Built: 1996
  • Age: 25
  • Documents Available: Lease, Legal Description, Owners Statement
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Electric Company: Daviess-Martin REMC
  • Gas Company: None
  • Sewer: City
  • Water Company: Other
  • Water Utility: Public
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking, Cable Ready, Countertops-Laminate, Detector-Smoke
  • Common Amenities: Laundry Facilities, Playground
  • Exterior: Brick
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Shingle
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 24
  • Number of Refrigerators: 24
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Basement: No
  • Basement/Foundation: Crawl
  • Cooling: Other
  • Flooring: Carpet, Laminate, Vinyl Tile
  • Heating/Fuel: Other Heating Fuel
  • Stories: 1
  • Number of Above Grade Bedrooms: 32
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 32
  • Total Number of Full Baths: 24
  • Total Number of Half Baths: 0
  • Total Baths: 24
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 16
  • Num Of 2 Bedrooms: 8
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 20
  • Number of Units: 24
Income & Expenses Information
  • Annual Electric Expense: $8,109.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $106,226
  • Annual Insurance Expense: $5,275
  • Annual Maint. Expense: $20,660
  • Annual Misc: $0
  • Annual Net Income: $59,111
  • Annual Property Tax: $7,000
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $6,071
  • Gross Monthly Income: $8,852
  • Gross Monthly Rent: $8,852
Unit Information
Unit 1
  • Unit 1 SqFt: 700
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Num of Rooms: 6
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: No
  • Unit 1-Deposit Amount: $550.00
  • Unit 1-Electric: Tenant
  • Unit 1-Garage Type: None
  • Unit 1-Garage: No
  • Unit 1-Garage/Num of Cars: 0
  • Unit 1-Gas: None
  • Unit 1-Laundry Room: Other
  • Unit 1-Lease Exp Date: 02-29-2020
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 2001
  • Unit 1-Unit Rent $: $550
Unit 2
  • Unit 2 SqFt: 700
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Num of Rooms: 4
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $475.00
  • Unit 2-Electric: Tenant
  • Unit 2-Garage Type: Basement
  • Unit 2-Garage: No
  • Unit 2-Gas: None
  • Unit 2-Laundry Room: Other
  • Unit 2-Lease Exp Date: 02-14-2020
  • Unit 2-Level: Main
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2004
  • Unit 2-Unit Rent $: $475
Unit 3
  • Unit 3 SqFt: 700
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Num of Rooms: 4
  • Unit 3-Basement: No
  • Unit 3-Currently Rented: Yes
  • Unit 3-Deposit Amount: $475.00
  • Unit 3-Electric: Tenant
  • Unit 3-Garage Type: None
  • Unit 3-Garage: No
  • Unit 3-Gas: None
  • Unit 3-Laundry Room: Other
  • Unit 3-Lease Exp. Date: 12-31-2018
  • Unit 3-Level: Main
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 2005
  • Unit 3-Unit Rent $: $475
Unit 4
  • Unit 4 SqFt: 700
  • Unit 4-Num of Bathrooms: 1
  • Unit 4-Num of Bedrooms: 2
  • Unit 4-Num of Rooms: 5
  • Unit 4-Basement: No
  • Unit 4-Currently Rented: Yes
  • Unit 4-Deposit Amount: $500.00
  • Unit 4-Electric: Tenant
  • Unit 4-Garage Type: None
  • Unit 4-Garage: No
  • Unit 4-Gas: None
  • Unit 4-Laundry Room: Other
  • Unit 4-Lease Exp Date: 03-31-2020
  • Unit 4-Level: Main
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: 2006
  • Unit 4-Unit Rent $: $500
Unit 5
  • Unit 5 SqFt: 700
  • Unit 5-Num of Bathrooms: 1
  • Unit 5-Num of Bedrooms: 1
  • Unit 5-Num of Rooms: 5
  • Unit 5-Basement: No
  • Unit 5-Currently Rented: Yes
  • Unit 5-Deposit Amount: $450.00
  • Unit 5-Electric: Tenant
  • Unit 5-Garage Type: None
  • Unit 5-Garage: No
  • Unit 5-Gas: None
  • Unit 5-Laundry Room: Other
  • Unit 5-Lease Exp Date: 06-20-2020
  • Unit 5-Level: Main
  • Unit 5-Rent Frequency: Monthly
  • Unit 5-Unit Number: 2007
  • Unit 5-Unit Rent $: $450
Unit 6
  • Unit 6 SqFt: 700
  • Unit 6-Num of Bathrooms: 1
  • Unit 6-Num of Bedrooms: 2
  • Unit 6-Num of Rooms: 5
  • Unit 6-Basement: No
  • Unit 6-Currently Rented: Yes
  • Unit 6-Electric: Tenant
  • Unit 6-Garage Type: Basement
  • Unit 6-Garage: No
  • Unit 6-Gas: None
  • Unit 6-Laundry Room: Other
  • Unit 6-Lease Exp Date: 01-31-2020
  • Unit 6-Level: Main
  • Unit 6-Rent Frequency: Monthly
  • Unit 6-Unit Number: 2009
  • Unit 6-Unit Rent $: $500
  • Unit 6-Deposit Amount: $500
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Sewer, Water
  • Tenant Pays: Electric

Property History for 11708 Ironton Road, Unit 20012024

DateEvent & SourcePriceAppreciation
Sep 30, 2021

Sold

Indiana Regional MLS #201952127

$770,000
Aug 24, 2021

Pending

Indiana Regional MLS #201952127

Dec 8, 2019

Listed (Active)

Indiana Regional MLS #201952127

$849,000
DateEvent & SourcePrice
09/30/2021

Sold

Indiana Regional MLS #201952127

$770,000
08/24/2021

Pending

Indiana Regional MLS #201952127

12/08/2019

Listed (Active)

Indiana Regional MLS #201952127

$849,000

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

Schools near 11708 Ironton Road, Unit 20012024

This home is within Shoals Community School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Shoals Community Elementary School
PublicPK to 5

Shoals Middle School
Public6 to 8

Shoals Community Jr-Sr 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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Listing Courtesy of Revestco LLC

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.