506-508 S Athlone Lane, Morocco, IN 47963

$125,000

Property Type: Residential Income Bedrooms: 4 Baths: 2 Square Footage: 1,536 Lot Size (sq. ft.): 20,282 Status: Closed

Current Price: $125,000 List Date: 2/14/2022 Last Modified: 2/23/2024

Overview

Description

Dynamic Duo in this Duplex unit. Well cared for and Ready for new owners, Low vacancy and within walking distance of shopping and gas station.Tenant pays electric and water. Seller pays sewer which includes trash. Plenty of parking spaces.Or live in one and rent the other.

Listing Details MLS# 507548

General Property Information

New Construction YN: No
Number Of Units Total: 2
Bedrooms Total: 4
Bathrooms Full: 2
Rooms Total: 10
Bathrooms Total: 2
Living Area: 1536
Living Area Source: Assessor
Year Built: 1980
Garage YN: No
Parking Total: 4
Lot Size Acres: 0.4656
Lot Size Square Feet: 20282
Lot Size Dimensions: 104x195
Waterfront YN: No
Basement YN: No
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Garage Spaces: 0
Carport Spaces: 0

Property Features

Appliances: Range; Refrigerator Basement: Crawl Space Construction Materials: Brick; Masonite Cooling: Wall/Window Unit(s) Flooring: Carpet; Ceramic Tile Heating: Baseboard; Electric Interior Features: Elevator Laundry Features: In Unit; Other Lease Type: Net Listing Terms: Cash; Conventional; Lease Option Other Equipment: Other Owner Pays: Sewer Parking Features: None Patio And Porch Features: Deck; Patio Possession: Rental Agreement Rent Includes: Trash Collection; Other Road Surface Type: Gravel Tenant Pays: Electricity; Gas; Water Utilities: Electricity Available; Natural Gas Not Available; Sewer Available Water Source: Public

Contract Information

Auction YN: No
Original List Price: 149900
Lease Considered YN: No
Property Sub Type: Duplex
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant

Location Tax and Legal

Street Number: 506-508
Street Direction Prefix: S
Street Name: Athlone
Street Suffix: Lane
County: Newton
State: IN
Postal Code: 47963
Subdivision Name: Grand Prairie Sub

Remarks and Miscellaneous

Public Remarks: Dynamic Duo in this Duplex unit. Well cared for and Ready for new owners, Low vacancy and within walking distance of shopping and gas station.Tenant pays electric and water. Seller pays sewer which includes trash. Plenty of parking spaces.Or live in one and rent the other.

Status Change Information

Major Change Timestamp: 2024-02-17T00:26:07Z
Major Change Type: Price Reduced
Price Change Timestamp: 2024-02-17T00:26:07Z
Status Change Timestamp: 2022-04-15
Offer Acceptance Date: 2022-04-01
Close Date: 2022-04-15
Close Price: 125000
Concessions: No
Buyer Financing: Cash

More Information

Exemption Information

Exemption YN: N

Frontage Type

Frontage Length: 104

Income and Expenses

Expense Year: 2021
Gross Scheduled Income: 15300
Insurance Expense: 920
Net Operating Income: 11050
New Taxes Expense: 2434
Sewer Expense: 894
Total Actual Rent: 15300
Electric Expense: 0
Gross Income: 0
Maintenance Expense: 0
Manager Expense: 0
Other Expense: 0
Professional Management Expense: 0
Supplies Expense: 0
Trash Expense: 0
Water Expense: 0

Unit Details

Number Of Two Bedroom Units: 2
Number Of Stores: Yes

Unit 1

Unit Number: Yes
Square Feet: 0
Rent: 0

Unit 2

Unit Description: A
Unit Number: 2
Identical Units: 2
Square Feet: 768
Rent: 650
# Of Rooms: 2

Unit 3

Unit Description: B
Unit Number: 3
Identical Units: 2
Square Feet: 768
Rent: 625
# Of Rooms: 2

Showing Requirements

Showing Instructions: Please use showing time and wait for confirmation

Historical Information

Public Historical Remarks: Array, Lease Type: Net

Location, Tax, and Legal

Postal Code +4: 8151
Tax Assessed Value: 0
Tax Legal Description: Legal Description: LOT 5 GRAND PRAIRIE SUB MOROCCO
Parcel Number: 561022333012000002
Zoning Description: Residential
Township: Beaver
Directions: Rt 41 to Rt 114. West 1/2 mile to Athlone Ln, Follow around to the back to Units
Cross Street: Michigan

Appliances

Range: Yes
Refrigerator: Yes

Basement

Crawl Space: Yes

Construction Materials

Brick: Yes
Masonite: Yes

Cooling

Wall/Window Unit(s): Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes

Heating

Baseboard: Yes
Electric: Yes

Interior Features

Elevator: Yes

Laundry Features

In Unit: Yes
Other: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Lease Option: Yes

Lock Box Information

Lock Box Serial Number: No

Other Equipment

Other: Yes

Parking Features

None: Yes

Patio And Porch Features

Deck: Yes
Patio: Yes

Possession

Rental Agreement: Yes

Road Surface Type

Gravel: Yes

Utilities

Electricity Available: Yes
Natural Gas Not Available: Yes
Sewer Available: Yes

Water Source

Public: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Lease Type

Net: Yes

Owner Pays

Sewer: Yes

Rent Includes

Trash Collection: Yes
Other: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Water: Yes

Listing Office: Morgin Realty

Last Updated: February - 23 - 2024

Broker Attribution: bmorgin@gmail.com

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