Last Sold Price
8 beds4,312 sqft$48/sqft
640 Trail Ridge Rd, Albion, IN 46701

Description

Amazing investment opportunity with 2 duplex units located on the same parcel of land. These units were built in 2005 and have been well maintained. Each of the 4 units have been continuously rented with long term renters. This is a 55 yrs and older community housing. Each tenant pays their own utilities. 4 other duplex units are available for purchase in the North Ridge subdivision. Make this a package deal for a total of 12 units! There is also an additional 2 vacant lots that are available for...Amazing investment opportunity with 2 duplex units located on the same parcel of land. These units were built in 2005 and have been well maintained. Each of the 4 units have been continuously rented with long term renters. This is a 55 yrs and older community housing. Each tenant pays their own utilities. 4 other duplex units are available for purchase in the North Ridge subdivision. Make this a package deal for a total of 12 units! There is also an additional 2 vacant lots that are available for purchase and suited for 4 more duplex units.
LISTING CLOSED: 01/31/2020 12:00 AM

  1. Listed by Josh Rosenogle • Orizon Real Estate, Inc.

Property Details for 640 Trail Ridge Road

Status
MLS #
201947202
Days on Market
6
Taxes
$4,218 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family / Duplex
Year Built
2005
Lot Size
0.89 AC / 38,594 SF
Style
One Story
Architectural Style
Ranch
Subdivision
The Meadows of North Ridge Village
Waterfront
No
Pet Restrictions
No

Recent comparable sales

Median sold price

$210,000

Avg days on market

71

Sale-to-list ratio

93.8%

Albion, IN

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$255,000 | 402 Riverview Drive, Albion, IN 46701
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Location

Listing Courtesy of Orizon Real Estate, Inc.

Sold By RE/MAX Results - Kendallville office

Add your commute

Building Information for 640 Trail Ridge Road

Stories1Residences4Year Built2005Building Size-Lot Size0.89 AC / 38,594 SF

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Principal and Interest

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Property Taxes

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HOA Dues

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Property Information for 640 Trail Ridge Road

Summary
Location and General Information
  • Area: Noble County
  • City: Albion
  • Zip Code: 46701
  • City Zoning: R4
  • State: IN
  • Township: Albion
  • Road Access: City
  • Inside City Limits: Yes
  • Fips Code: 18113
  • Directions To Property: US 33 N Fort Wayne, right on SR 9, right on Trailridge Rd, property on the left
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2018
  • Parcel Number Id: 57-13-18-400-020.000-002
School Information
  • School District: Central Noble Community
  • Elementary: Albion
  • Middle School: Central Noble
  • High School: Central Noble
Parking
  • Number Of Parking Spaces: 4
  • Parking: Garage, Paved
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Duplex
  • Approx Lot Size Acres: 0.886
  • Lot Dimensions: 0x0
  • Lot Number: 2
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 4312.0
  • Approx Lot Size Sqft: 38594.0
  • Above Grade Finished Sqft: 4312.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 4312.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Cul-De-Sac, Level, 0-2.9999
  • Main Level Sqft: 4312.0
Property and Assessments
  • New Construction: No
  • Year Built: 2005
  • Age: 14
  • Documents Available: Sellers Disclosure
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Detector-Smoke, Garage Door Opener, Landscaped, Porch Covered
  • Driveway: Asphalt
  • Exterior: Brick, Vinyl
  • Fence: None
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Road Surface: Paved
  • Roof Material: Asphalt
Interior Features
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number of Dishwashers: 4
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 4
  • Number of Refrigerators: 4
  • Number of W/D Hookups: 4
  • Number of Washers: 0
  • Number Water Meters: 4
  • Basement: No
  • Basement/Foundation: Slab
  • Cooling: Central Air
  • Flooring: Carpet
  • Heating/Fuel: Gas, Forced Air
  • Stories: 1
  • Number of Above Grade Bedrooms: 8
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 8
  • Total Number of Full Baths: 4
  • Total Number of Half Baths: 0
  • Total Baths: 4
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 4
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 4
  • Number of Buildings: 1
  • Number of Units: 4
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $28,800
  • Annual Insurance Expense: $0
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $24,582
  • Annual Property Tax: $4,218
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $2,400
  • Gross Monthly Rent: $2,400
Unit Information
Unit 1
  • Unit 1 SqFt: 1078
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Electric: Tenant
  • Unit 1-Garage Type: Attached
  • Unit 1-Garage: Yes
  • Unit 1-Garage/Num of Cars: 1
  • Unit 1-Gas: Tenant
  • Unit 1-Laundry Room: Closet
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $600
Unit 2
  • Unit 2 SqFt: 1078
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 2
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Electric: Tenant
  • Unit 2-Garage Type: Attached
  • Unit 2-Garage: Yes
  • Unit 2-Garage/Num of Cars: 1
  • Unit 2-Gas: Tenant
  • Unit 2-Laundry Room: Closet
  • Unit 2-Level: Main
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $600
Unit 3
  • Unit 3 SqFt: 1078
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 2
  • Unit 3-Basement: No
  • Unit 3-Currently Rented: Yes
  • Unit 3-Electric: Tenant
  • Unit 3-Garage Type: Attached
  • Unit 3-Garage: Yes
  • Unit 3-Garage/Number of Cars: 1
  • Unit 3-Gas: Tenant
  • Unit 3-Laundry Room: Closet
  • Unit 3-Level: Main
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 3
  • Unit 3-Unit Rent $: $600
Unit 4
  • Unit 4 SqFt: 1078
  • Unit 4-Num of Bathrooms: 1
  • Unit 4-Num of Bedrooms: 2
  • Unit 4-Basement: No
  • Unit 4-Currently Rented: Yes
  • Unit 4-Electric: Tenant
  • Unit 4-Garage Type: Attached
  • Unit 4-Garage: Yes
  • Unit 4-Garage/Num of Cars: 1
  • Unit 4-Gas: Tenant
  • Unit 4-Laundry Room: Closet
  • Unit 4-Level: Main
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: 4
  • Unit 4-Unit Rent $: $600
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal
  • Tenant Pays: Electric, Fuel, Sewer, Water

Property History for 640 Trail Ridge Road

DateEvent & SourcePriceAppreciation
Jan 31, 2020

Sold

Indiana Regional MLS #201947202

$208,333
Oct 31, 2019

Pending

Indiana Regional MLS #201947202

Oct 25, 2019

Listed (Active)

Indiana Regional MLS #201947202

$220,000
DateEvent & SourcePrice
01/31/2020

Sold

Indiana Regional MLS #201947202

$208,333
10/31/2019

Pending

Indiana Regional MLS #201947202

10/25/2019

Listed (Active)

Indiana Regional MLS #201947202

$220,000

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

Public Records for 640 Trail Ridge Road

Taxable ValueLand$26,600Additions$236,400Total$263,000
Tax Record2020$4,076 ($340 / month)
Home Facts
Beds2Baths4Total Finished SqFt1,078 SqFtAbove Grade Finished SqFt1,078 SqFtStories1Lot Size38,594 SqFtStyleCondominiumYear Built2005Year Renovated2005CountyNOBLEAPN57-13-18-400-020.000-002

Schools near 640 Trail Ridge Road

This home is within Central Noble Com School Corp.
Rating
School
Type
Grades
Distance
Public - 3 to 5
Public - 6 to 12
Public - K to 2
Rating
School
Distance
Albion Elementary School
Public3 to 5

Central Noble High School
Public6 to 12

Central Noble Primary School
PublicK to 2

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 640 Trail Ridge Road, Albion, IN 46701
$208,333
8
4,312
38,594
$208,333
4
4,312
39,335
2
2
1,312
31,950
$103,000
2
1,251
16,117
16,050
$10,375
0.5
16,030

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 Orizon Real Estate, Inc.

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.