500 Middlebury Street

Elkhart, IN 46516

$140,000
Price
5
Beds
3
Baths
2,592 Sq. Ft.
$54 / Sq. Ft.
2,592
Sq. Ft.
$54
per Sq. Ft.

Description

Don’t miss this incredible opportunity to add 5 buildings with 11 units to your portfolio, generating gross rents of approximately $7,000/month. Priced at $700,000, this package fits the 1% rule, making it an attractive investment. Some units have been freshly updated, adding further value to this deal. Addresses included: 420 Middlebury St., Elkhart 426 Middlebury St., Elkhart 500 Middlebury St., Elkhart 748 Monroe St., Elkhart 911 & 913 Princeton St., Elkhart (one building) Please Note: Due to...Don’t miss this incredible opportunity to add 5 buildings with 11 units to your portfolio, generating gross rents of approximately $7,000/month. Priced at $700,000, this package fits the 1% rule, making it an attractive investment. Some units have been freshly updated, adding further value to this deal. Addresses included: 420 Middlebury St., Elkhart 426 Middlebury St., Elkhart 500 Middlebury St., Elkhart 748 Monroe St., Elkhart 911 & 913 Princeton St., Elkhart (one building) Please Note: Due to a language barrier with tenants, showings will only be conducted after accepted offers. Please make your offer contingent on walkthroughs. Perfect for investors looking to expand their portfolio with a solid cash flow!
  1. Listed by Stephen DiJulius • St. Joseph Realty Group

Property Details for 500 Middlebury Street

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 12/04/2024 06:29 PM

Property Details for 500 Middlebury Street

StatusActive
MLS #202436625
Days on Market92
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Triplex
Year Built1886
Lot Size0.24 AC / 10,454 SF
CountyElkhart County

Building Information for 500 Middlebury Street

Stories2Residences3Year Built1886Building Size-Lot Size0.24 AC / 10,454 SF

Property Information for 500 Middlebury Street

Summary
Location and General Information
  • Area: Elkhart County
  • City: Elkhart
  • Zip Code: 46516
  • State: IN
  • Township: Concord
  • Geo Latitude: 42
  • Geo Longitude: -86
  • Fips Code: 18039
  • Directions To Property: From Monroe St, E on Middlebury St, home on left.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 23/24
  • Parcel Number Id: 20-06-04-364-009.000-012
School Information
  • School District: Elkhart Community Schools
  • Elementary: Mary Beck
  • Middle School: Pierre Moran
  • High School: Elkhart
Parking
  • Number Of Parking Spaces: 0
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Triplex
  • Approx Lot Size Acres: 0.24
  • Lot Dimensions: 83X127
  • Below Grade Unfin Sqft: 1288.0
  • Total Square Feet: 4736.0
  • Approx Lot Size Sqft: 10454.0
  • Above Grade Finished Sqft: 2592.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 1288.0
  • Total Finished Sqft: 2592.0
  • Above Grade Unfin Sqft: 856.0
  • Lot Description: Corner, Level, 0-2.9999
Property and Assessments
  • New Construction: No
  • Year Built: 1886
  • Age: 138
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking, Porch Covered
  • Exterior: Brick
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 3
  • Number of Refrigerators: 3
  • Number of W/D Hookups: 1
  • Number of Washers: 0
  • Basement: Yes
  • Basement/Foundation: Full Basement
  • Cooling: Central Air
  • Flooring: Mixed
  • Heating/Fuel: Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 5
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 5
  • Total Number of Full Baths: 3
  • Total Number of Half Baths: 0
  • Total Baths: 3
  • Number Total Rooms Below Grade: 17
  • Num Of 1 Bedrooms: 1
  • Num Of 2 Bedrooms: 1
  • Num Of 3 Bedrooms: 1
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 2
  • Number of Units: 3
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $21,600
  • Annual Insurance Expense: $0
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $21,600
  • Annual Property Tax: $0
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $1,800
  • Gross Monthly Rent: $1,800
Unit Information
Unit 1
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $900.00
  • Unit 1-Unit Rent $: $900
Unit 2
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $900.00
  • Unit 2-Unit Rent $: $900
Rental
Rental Information
  • Lease Term: Month to Month, 1 Year, Renewal Options
  • Owner Pays: None
  • Tenant Pays: Cooling, Electric, Heating, Trash Collection, Water

Property History for 500 Middlebury 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 500 Middlebury Street

Taxable ValueLand$19,300Additions$97,800Total$117,100
Tax Record2023$2,386 ($199 / month)
Home Facts
Beds5Baths4Total Finished SqFt2,592 SqFtAbove Grade Finished SqFt2,592 SqFtStories3Lot Size10,542 SqFtStyleSingle Family ResidenceYear Built1886ZoningZO01CountyELKHARTAPN20-06-04-364-009.000-012

Schools near 500 Middlebury Street

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

Pierre Moran Middle School
Public7 to 8

Elkhart High School
Public9 to 12

Elkhart Alternative Education
PublicK 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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500 Middlebury Street is a multi-family home for sale in Elkhart, IN 46516. This property was listed for sale on September 21, 2024 by St. Joseph Realty Group, it's currently listed at $140,000. This listing's school district is Elkhart Community Schools. Nearby schools include Beck Elementary School, Pierre Moran Middle School and Elkhart High School. 500 Middlebury Street is a 5-bed, 3-bath, 2,592 sqft multi-family home built in 1886.

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 St. Joseph Realty Group

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.