102 South Main Street

Claypool, IN 46510

$400,000
Price
10
Beds
6
Baths
6,204 Sq. Ft.
$64 / Sq. Ft.
6,204
Sq. Ft.
$64
per Sq. Ft.

Description

Standing tall and full of character, this solid building offers a strong potential for ROI. Recent updates enhance its appeal, and the large, spacious units make for highly desired apartments, ensuring tenant satisfaction. With separate gas and electric utilities, the owner avoids additional utility costs, while city water and sewer eliminate concerns about costly well or septic issues. Currently operating as a four-unit property, there's exciting potential to expand to six units, increasing your...Standing tall and full of character, this solid building offers a strong potential for ROI. Recent updates enhance its appeal, and the large, spacious units make for highly desired apartments, ensuring tenant satisfaction. With separate gas and electric utilities, the owner avoids additional utility costs, while city water and sewer eliminate concerns about costly well or septic issues. Currently operating as a four-unit property, there's exciting potential to expand to six units, increasing your earning possibilities. Additional income streams could include coin-operated laundry facilities, self-storage spaces, or even more units. The property also features newer mechanicals and gas water heaters for added efficiency and reliability. Don't miss this rare chance to own a versatile, income-generating property.
  1. Listed by James Bausch • RE/MAX Results- Warsaw

Property Details for 102 South Main Street

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
Yes
LISTING UPDATED: 12/13/2024 07:54 PM

Property Details for 102 South Main Street

StatusActive
MLS #202445834
Days on Market23
Taxes$2,261 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment Building
Year Built1925
CountyKosciusko County

Building Information for 102 South Main Street

Building/Complex102 S Main StFloor-Stories2Residences4Pet Policy-Year Built1925Building Size-

Property Information for 102 South Main Street

Summary
Location and General Information
  • Area: Kosciusko County
  • City: Claypool
  • Zip Code: 46510
  • State: IN
  • Township: Clay
  • Cross Street: Section St
  • Geo Latitude: 41
  • Geo Longitude: -86
  • Fips Code: 18085
  • Directions To Property: Heading S on IN 15, turn left onto W 700 S, continue onto Section St, Turn right onto S Main St, property is on the right.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 43-15-20-100-015.000-002
School Information
  • School District: Warsaw Community
  • Elementary: Claypool
  • Middle School: Edgewood
  • High School: Warsaw
Parking
  • Number Of Parking Spaces: 8
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Building
  • Approx Lot Size Acres: 0.14
  • Lot Dimensions: 90X66
  • Lot Number: 12
  • Below Grade Unfin Sqft: 3102.0
  • Total Square Feet: 9306.0
  • Approx Lot Size Sqft: 6098.0
  • Above Grade Finished Sqft: 6204.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 3102.0
  • Total Finished Sqft: 6204.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Corner, 0-2.9999
Property and Assessments
  • New Construction: No
  • Year Built: 1925
  • Age: 99
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement
  • Exterior: Brick
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Electric Meters: 5
  • Number of Gas Meters: 3
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 5
  • Number of Refrigerators: 6
  • Number of W/D Hookups: 1
  • Number of Washers: 0
  • Number Water Meters: 4
  • Basement Material: Block
  • Basement: Yes
  • Basement/Foundation: Full Basement, Unfinished
  • Cooling: Window
  • Flooring: Carpet, Laminate, Vinyl
  • Heating/Fuel: Gas, Baseboard, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 10
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 10
  • Total Number of Full Baths: 6
  • Total Number of Half Baths: 0
  • Total Baths: 6
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 1
  • Num Of 3 Bedrooms: 3
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 2
  • Number of Units: 4
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $89,592
  • Annual Insurance Expense: $2,796
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $80,935
  • Annual Property Tax: $2,261
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $3,600
  • Gross Monthly Income: $7,466
  • Gross Monthly Rent: $7,466
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 2
  • Unit 1-Num of Bedrooms: 3
  • Unit 1-Currently Rented: Yes
  • Unit 1-Electric: Tenant
  • Unit 1-Gas: Tenant
  • Unit 1-Level: Upper
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $2,381
Unit 2
  • Unit 2-Num of Bathrooms: 2
  • Unit 2-Num of Bedrooms: 4
  • Unit 2-Currently Rented: No
  • Unit 2-Electric: Tenant
  • Unit 2-Gas: Tenant
  • Unit 2-Level: Upper
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $2,142
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 3
  • Unit 3-Currently Rented: Yes
  • Unit 3-Electric: Tenant
  • Unit 3-Gas: Tenant
  • Unit 3-Level: Main
  • Unit 3-Unit Number: 3
  • Unit 3-Unit Rent $: $1,428
Unit 4
  • Unit 4-Num of Bedrooms: 2
  • Unit 4-Electric: Tenant
  • Unit 4-Gas: Tenant
  • Unit 4-Level: Main
  • Unit 4-Unit Number: 4
  • Unit 4-Unit Rent $: $1,515
Unit 5
  • Unit 5-Electric: Tenant
  • Unit 5-Gas: Tenant
Rental
Rental Information
  • Lease Term: Month to Month
  • Owner Pays: Sewer, Trash Collection
  • Tenant Pays: Electric, Heating, Water

Property History for 102 South Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 102 South Main Street

Taxable ValueLand$6,600Additions$102,300Total$108,900
Tax Record2023$2,402 ($200 / month)
Home Facts
Total Finished SqFt9,306 SqFtAbove Grade Finished SqFt9,306 SqFtStories3Lot Size5,940 SqFtStyleMulti-Family Dwelling (2-4)Year Built1925ZoningCOMMECountyKOSCIUSKOAPN43-15-20-100-015.000-002

Schools near 102 South Main Street

This home is within Warsaw Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Claypool Elementary School
PublicPK to 6

Edgewood Middle School
Public7 to 8

Warsaw Community 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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102 South Main Street is a multi-family home for sale in Claypool, IN 46510. This property was listed for sale on November 29, 2024 by RE/MAX Results- Warsaw, it's currently listed at $400,000. This listing's school district is Warsaw Community Schools. Nearby schools include Claypool Elementary School, Edgewood Middle School and Warsaw Community High School. 102 South Main Street is a 10-bed, 6-bath, 6,204 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Results- Warsaw

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.