415 Constable Drive

Ellettsville, IN 47429

$425,000
Price
10
Beds
5
Baths
4,496 Sq. Ft.
$95 / Sq. Ft.
4,496
Sq. Ft.
$95
per Sq. Ft.

Description

Discover an excellent investment opportunity with so much potential! This three-unit investment property is situated on a spacious 0.5-acre lot, offering so many value-adding possibilities. Each unit is currently occupied by long-term tenants, ensuring a steady and reliable income stream. While this property is currently leased as 3 units, a 4th rental income could easily be added just by installing a door. Recent updates include a 75' section of sewer line, new sump pump (unit 419), new upstairs...Discover an excellent investment opportunity with so much potential! This three-unit investment property is situated on a spacious 0.5-acre lot, offering so many value-adding possibilities. Each unit is currently occupied by long-term tenants, ensuring a steady and reliable income stream. While this property is currently leased as 3 units, a 4th rental income could easily be added just by installing a door. Recent updates include a 75' section of sewer line, new sump pump (unit 419), new upstairs flooring insulation, windows and back door (unit 421). Located less than 10 minutes from the I-69 interchange and 15 minutes from IU's campus, this location is convenient, while providing a quiet, picturesque setting.
  1. Listed by Lindsey Clark • Barberry Realty

Property Details for 415 Constable Drive

Style
Other
Subdivision
Ellettsville
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 09/03/2024 06:46 PM

Property Details for 415 Constable Drive

StatusActive
MLS #202432341
Days on Market120
Taxes$4,974 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Triplex
Year Built1946
Lot Size0.50 AC / 21,780 SF
CountyMonroe County

Building Information for 415 Constable Drive

Stories2Residences3Year Built1946Building Size-Lot Size0.50 AC / 21,780 SF

Property Information for 415 Constable Drive

Summary
Location and General Information
  • Area: Monroe County
  • City: Ellettsville
  • Zip Code: 47429
  • State: IN
  • Township: Richland
  • Geo Latitude: 39
  • Geo Longitude: -87
  • Zoning Description: Nonconforming R-1
  • Fips Code: 18105
  • Directions To Property: Follow IN-46 W toward Ellettsville. Turn right onto Constable Dr.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025
  • Parcel Number Id: 53-04-10-200-165.000-013
School Information
  • School District: Richland-Bean Blossom Community Schools
  • Elementary: Edgewood
  • Middle School: Edgewood
  • High School: Edgewood
Parking
  • Number Of Parking Spaces: 6
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Triplex
  • Approx Lot Size Acres: 0.5
  • Lot Dimensions: 214x92
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 4496.0
  • Approx Lot Size Sqft: 21780.0
  • Above Grade Finished Sqft: 3124.0
  • Below Grade Finished Sqft: 1372.0
  • Total Below Grade Sqft: 1372.0
  • Total Finished Sqft: 4496.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Irregular, 0-2.9999
Property and Assessments
  • New Construction: No
  • Year Built: 1946
  • Age: 78
  • Documents Available: LBP Form, Sellers Disclosure
  • Planned Unit Development: No
Utilities
  • Sewer: Public
  • Water Utility: Public
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Ceiling Fan, Off Street Parking, Near Walking Trail, Water Heater Electric, Sump Pump
  • Exterior: Stone
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Electric Meters: 3
  • Number of Gas Meters: 0
  • Number of Dishwashers: 3
  • Number of Disposals: 0
  • Number of Dryers: 1
  • Number of Microwaves: 3
  • Number of Ranges/Ovens: 3
  • Number of Refrigerators: 3
  • Number of W/D Hookups: 3
  • Number of Washers: 1
  • Number Water Meters: 2
  • Basement: Yes
  • Basement/Foundation: Full Basement, Outside Entrance
  • Cooling: Central Air
  • Flooring: Mixed
  • Heating/Fuel: Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 6
  • Number of Below Grade Baths: 1
  • Number of Below Grade Bedrooms: 4
  • Total Number of Bedrooms: 10
  • Total Number of Full Baths: 5
  • Total Number of Half Baths: 0
  • Total Baths: 5
  • Number Total Rooms Below Grade: 6
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 2
  • Num Of 4 Bedrooms: 1
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 3
  • Number of Buildings: 2
  • Number of Units: 3
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $33,360
  • Annual Insurance Expense: $2,800
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $25,586
  • Annual Property Tax: $4,974
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $2,780
  • Gross Monthly Rent: $2,780
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 2
  • Unit 1-Num of Bedrooms: 3
  • Unit 1-Num of Rooms: 6
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $1,295.00
  • Unit 1-Electric: Tenant
  • Unit 1-Garage: No
  • Unit 1-Laundry Room: Closet
  • Unit 1-Lease Exp Date: 06-27-2025
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 415
  • Unit 1-Unit Rent $: $930
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 4
  • Unit 2-Num of Rooms: 6
  • Unit 2-Basement: Yes
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $700.00
  • Unit 2-Electric: Tenant
  • Unit 2-Garage: No
  • Unit 2-Laundry Room: Closet
  • Unit 2-Lease Exp Date: 06-19-2025
  • Unit 2-Level: Lower
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 419
  • Unit 2-Unit Rent $: $750
Unit 3
  • Unit 3-Num of Bathrooms: 2
  • Unit 3-Num of Bedrooms: 3
  • Unit 3-Num of Rooms: 5
  • Unit 3-Basement: No
  • Unit 3-Currently Rented: Yes
  • Unit 3-Deposit Amount: $1,400.00
  • Unit 3-Electric: Tenant
  • Unit 3-Garage: No
  • Unit 3-Lease Exp. Date: 09-12-2025
  • Unit 3-Level: Combined
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 421
  • Unit 3-Unit Rent $: $1,100
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Tax
  • Tenant Pays: Cable, Electric, Trash Collection, Water

Property History for 415 Constable Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 415 Constable Drive

This home is within Richland-Bean Blossom C S C.
Rating
School
Type
Grades
Distance
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Edgewood Intermediate School
Public3 to 5

Edgewood Junior High School
Public6 to 8

Edgewood High School
Public9 to 12

Edgewood 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

415 Constable Drive is a multi-family home for sale in Ellettsville, IN 47429. This property was listed for sale on August 23, 2024 by Barberry Realty, it's currently listed at $425,000. It has been on the market for a total of 120 days and was last sold on May 4, 2015. This listing's school district is Richland-Bean Blossom C S C. Nearby schools include Edgewood Intermediate School, Edgewood Junior High School and Edgewood High School. 415 Constable Drive is a 10-bed, 5-bath, 4,496 sqft multi-family home built in 1946.

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 Barberry Realty

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.