Last Sold Price
14 beds7,878 sqft$52/sqft
2203 E Sr 14, Rochester, IN 46975

Description

Great Lake Manitou LAKEFRONT Investment opportunity! 8 Extremely well maintained rental units grossing over $45K per year. All 4 buildings have been remodeled and have always been rented for many years. All appliances including washers & dryers included. There is enough lake frontage for 4 piers to enjoy the lake living.Great Lake Manitou LAKEFRONT Investment opportunity! 8 Extremely well maintained rental units grossing over $45K per year. All 4 buildings have been remodeled and have always been rented for many years. All appliances including washers & dryers included. There is enough lake frontage for 4 piers to enjoy the lake living.
LISTING CLOSED: 09/07/2018 12:00 AM

  1. Listed by Michelle Langdon • COLLINS and CO. REALTORS - PLYMOUTH

Property Details for 2203 East Sr 14

Status
MLS #
201822308
Days on Market
94
Taxes
$7,852 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family / Eightplex
Year Built
1980
Lot Size
0.54 AC / 23,522 SF
Style
Other
Subdivision
None
Waterfront
Yes
Water Features
Pier/Dock Available
Pet Restrictions
Yes

Recent comparable sales

Median sold price

$422,775

Avg days on market

101

Sale-to-list ratio

4193419.4%

Rochester, IN

9 comparable properties found

$440,000 | 2201 Poets Drive, Rochester, IN 46975
1/35
1

$440,000

Sold 12/17/24

2
Bedrooms
1,764
Square Feet
0.15
Acres
$465,000 | 2215 East State Road 14, Rochester, IN 46975
1/37
2

$465,000

Sold 08/13/26

5
Bedrooms
2,000
Square Feet
0.22
Acres
$377,400 | 1712 Mitchell Drive, Rochester, IN 46975
1/35
3

$377,400

Sold 02/28/25

3
Bedrooms
1,366
Square Feet
0.1
Acres
$469,000 | 1610 North Shr Drive, Rochester, IN 46975
1/29
4

$469,000

Sold 05/15/26

3
Bedrooms
2,135
Square Feet
0.1
Acres
$400,000 | 1614 Idlewild Drive, Rochester, IN 46975
1/19
5

$400,000

Sold 09/05/24

2
Bedrooms
912
Square Feet
0.11
Acres
$385,000 | 1616 Ewing Road, Rochester, IN 46975
1/30
6

$385,000

Sold 10/07/25

3
Bedrooms
1,428
Square Feet
0.31
Acres
$422,775 | 1367 Mitchell Drive, Rochester, IN 46975
1/2
7

$422,775

Sold 02/24/25

4
Bedrooms
2,326
Square Feet
0.50
Acres
$485,000 | 2218 Poets Drive, Rochester, IN 46975
1/37
8

$485,000

Sold 10/30/24

4
Bedrooms
3,606
Square Feet
0.31
Acres
$350,000 | 2022 Wolf's Point Drive, Rochester, IN 46975
1/15
9

$350,000

Sold 09/20/24

2
Bedrooms
720
Square Feet
0.1
Acres

Location

Listing Courtesy of COLLINS and CO. REALTORS - PLYMOUTH

Sold By Perfect Location Realty

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Building Information for 2203 East Sr 14

Stories2Residences8Year Built1980Building Size-Lot Size0.54 AC / 23,522 SF

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Property Information for 2203 East Sr 14

Summary
Location and General Information
  • Area: Fulton County
  • City: Rochester
  • Zip Code: 46975
  • State: IN
  • Township: Rochester
  • Fips Code: 18049
  • Directions To Property: From downtown go E on SR 14E to property located across the street from the Airport & Save A Lot grocery on Lake Manitou's North Shore. Look for signs on property
  • Channel/Canal Frontage: 0.0
  • Sea Wall Type: Concrete
  • Lake Type: Ski Lake
  • Location: Lake, Within 1 Mile to Airport
  • Water Frontage: 200.0
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 7852
  • Parcel Number Id: 25-07-10-175-003.000-009
  • Parcel Id 2: 250710175004000009
School Information
  • School District: Rochester Community School Corp.
  • Elementary: Columbia / Riddle
  • Middle School: Rochester
  • High School: Rochester
Parking
  • Number Of Parking Spaces: 16
  • Parking: Off Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Eightplex
  • Approx Lot Size Acres: 0.54
  • Lot Dimensions: irregular
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 7878.0
  • Approx Lot Size Sqft: 23522.0
  • Above Grade Finished Sqft: 5358.0
  • Below Grade Finished Sqft: 2520.0
  • Total Below Grade Sqft: 2520.0
  • Total Finished Sqft: 7878.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Lake, Waterfront, 0-2.9999, Water View, Waterfront-Level Bank
Property and Assessments
  • New Construction: No
  • Year Built: 1980
  • Age: 38
  • Planned Unit Development: No
Utilities
  • Electric Company: Duke Energy Indiana, NIPSCO
  • Sewer: City
  • Water Utility: City
  • Water Type: Lake
  • Water Access: Lakefront
  • Water Name: Manitou Lake
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking, Deck Open, Patio Open
  • Driveway: Gravel
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 1
  • Number of Disposals: 0
  • Number of Dryers: 8
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 8
  • Number of Refrigerators: 8
  • Number of W/D Hookups: 8
  • Number of Washers: 8
  • Basement: Yes
  • Basement/Foundation: Full Basement, Walk-Out Basement
  • Cooling: Central Air
  • Flooring: Mixed
  • Heating/Fuel: Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 7
  • Number of Below Grade Baths: 2
  • Number of Below Grade Bedrooms: 7
  • Total Number of Bedrooms: 14
  • Total Number of Full Baths: 9
  • Total Number of Half Baths: 0
  • Total Baths: 9
  • Number Total Rooms Below Grade: 7
  • Num Of 1 Bedrooms: 3
  • Num Of 2 Bedrooms: 4
  • Num Of 3 Bedrooms: 1
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 8
  • Number of Buildings: 4
  • Number of Units: 8
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $44,582
  • Annual Insurance Expense: $4,960
  • Annual Maint. Expense: $4,200
  • Annual Misc: $0
  • Annual Net Income: $23,274
  • Annual Property Tax: $7,852
  • Annual Trash Expense: $996
  • Annual Water/Sewer Exp: $3,300
  • Gross Monthly Income: $3,715
  • Gross Monthly Rent: $3,715
Rental
Rental Information
  • Lease Term: Negotiable
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable, Electric, Heating

Property History for 2203 East Sr 14

DateEvent & SourcePriceAppreciation
Sep 7, 2018

Sold

Indiana Regional MLS #201822308

$410,000
Aug 28, 2018

Pending

Indiana Regional MLS #201822308

May 26, 2018

Listed (Active)

Indiana Regional MLS #201822308

$450,000
DateEvent & SourcePrice
09/07/2018

Sold

Indiana Regional MLS #201822308

$410,000
08/28/2018

Pending

Indiana Regional MLS #201822308

05/26/2018

Listed (Active)

Indiana Regional MLS #201822308

$450,000

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

Schools near 2203 East Sr 14

This home is within Rochester Community Sch Corp.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 2 to 4
Public - 5 to 7
Public - 8 to 12
Rating
School
Distance
Columbia Elementary School
PublicPK to 1

George M Riddle Elementary School
Public2 to 4

Rochester Community Md School
Public5 to 7

Rochester Community High School
Public8 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 COLLINS and CO. REALTORS - PLYMOUTH

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.