715 East Race Street, Unit 130

Eaton, IN 47338

$1,899,000
Price
60
Beds
30
Baths
23,448 Sq. Ft.
$81 / Sq. Ft.
23,448
Sq. Ft.
$81
per Sq. Ft.

Description

Great investment opportunity! 30-unit apartment complex with 5 single story buildings. Each building has 6 two-bedroom units. Property also has 2 additional buildings, one with coin operated laundry and a garage that the owner only has access to. Property offers plenty of parking for tenants. Roof and siding are only 7 years old.Great investment opportunity! 30-unit apartment complex with 5 single story buildings. Each building has 6 two-bedroom units. Property also has 2 additional buildings, one with coin operated laundry and a garage that the owner only has access to. Property offers plenty of parking for tenants. Roof and siding are only 7 years old.
  1. Listed by Michael Lambert • Leading Home Realty

Property Details for 715 East Race Street, Unit 130

Style
One Story
Architectural Style
Ranch, Traditional
Subdivision
Mill Race
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 12/12/2024 07:35 AM

Property Details for 715 East Race Street, Unit 130

StatusActive
MLS #202446824
Days on Market8
Taxes$9,456 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment Complex
Year Built1978
CountyDelaware County

Building Information for 715 East Race Street, Unit 130

Building/Complex715 E Race StFloor-Stories1Residences30Pet Policy-Year Built1978Building Size-

Property Information for 715 East Race Street, Unit 130

Summary
Location and General Information
  • Area: Delaware County
  • City: Eaton
  • Zip Code: 47338
  • State: IN
  • Township: Union
  • Geo Latitude: 40
  • Geo Longitude: -85
  • Fips Code: 18035
  • Directions To Property: Drive north on SR3 from Muncie to Eaton, turn east (right) on Indiana ave, take Indiana Ave to Race str and then turn right where property is on right side.
  • Sea Wall Type: None
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 18-03-25-101-009.000-023
School Information
  • School District: Delaware Community School Corp.
  • Elementary: Eaton
  • Middle School: Delta
  • High School: Delta
Parking
  • Number Of Parking Spaces: 50
  • Parking: Paved
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Complex
  • Approx Lot Size Acres: 6.1
  • Lot Dimensions: 550 x 600
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 23448.0
  • Approx Lot Size Sqft: 265716.0
  • Above Grade Finished Sqft: 23448.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 23448.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Main Level Sqft: 23448.0
Property and Assessments
  • New Construction: No
  • Year Built: 1978
  • Age: 46
  • Documents Available: LBP Form, Sellers Disclosure
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Cable Company: Comcast, DirectTV
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Sewer: City
  • Water Company: Eaton City Water & Sewer
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Cable Available, Countertops-Laminate, Detector-Smoke, Landscaped, Water Heater Electric
  • Common Amenities: Laundry Facilities, Sidewalks
  • Exterior: Vinyl
  • Fence: None
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Shingle
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 5
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 0
  • Number of Refrigerators: 0
  • Number of W/D Hookups: 4
  • Number of Washers: 4
  • Basement: No
  • Basement/Foundation: Slab
  • Cooling: Central Air
  • Flooring: Carpet, Tile, Vinyl
  • Heating/Fuel: Forced Air
  • Stories: 1
  • Number of Above Grade Bedrooms: 60
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 60
  • Total Number of Full Baths: 30
  • Total Number of Half Baths: 0
  • Total Baths: 30
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 30
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 28
  • Number of Buildings: 5
  • Number of Units: 30
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $201,000
  • Annual Insurance Expense: $9,000
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $154,944
  • Annual Property Tax: $9,456
  • Annual Trash Expense: $3,600
  • Annual Water/Sewer Exp: $24,000
  • Gross Monthly Income: $16,750
  • Gross Monthly Rent: $16,750
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water
  • Tenant Pays: Electric

Property History for 715 East Race Street, Unit 130

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 715 East Race Street, Unit 130

This home is within Delaware Community School Corp.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Eaton Elementary School
PublicK to 5

Delta Middle School
Public6 to 8

Delta 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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715 East Race Street, Unit 130 is a multi-family home for sale in Eaton, IN 47338. This property was listed for sale on December 10, 2024 by Leading Home Realty, it's currently listed at $1,899,000. This listing's school district is Delaware Community School Corp. Nearby schools include Eaton Elementary School, Delta Middle School and Delta High School. 715 East Race Street, Unit 130 is a 60-bed, 30-bath, 23,448 sqft multi-family home built in 1978.

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 Leading Home 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.