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126 N 10th St
New Castle, IN 47362
Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.59 AC |
| Property Type | Multifamily | Building Size | 10,710 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1966 |
| Building Class | C | Parking Ratio | 1.49/1,000 SF |
| Zoning | Commercial | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 10,710 SF |
| No. Stories | 3 |
| Year Built | 1966 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Refrigerator
- Range
- Carpet
SITE AMENITIES
- Laundry Facilities
ABOUT 126 N 10TH ST , NEW CASTLE, IN 47362
Located five minutes from Indiana Basketball Hall of Fame, the property consists of ten (10) two bedroom and two (2) one bedroom apartments, totaling twelve units. The building is two stories + basement with an onsite parking lot. It was built in 1966 and has been improved by current owners through many capital upgrades, including a new roof and gutters, new vinyl windows (in 4 units), new entry doors on 6 units, new water heaters, some plumbing updates, in addition to upgrading 4 units with new paint, flooring, counter tops, tub surrounds and bath vanities. Current owners have also added a water descaling system to improve water quality and therefore improving life cycle of new water heaters and plumbing fixtures. Two units were rehabbed prior to the current owner. With brick exteriors, this building has a classic curb appeal that is easy to maintain and improve in order to stay relevant in the marketplace in addition to the cost saving benefits of a building without siding. Building can be entered through the front and back entrances. Two vacant small parcels across the street are included in the sale. The common area laundry facilities are leased and income producing - the income is currently split 60/40 with the laundry equipment company.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $450.00 | 650 |
| 2+1 | 10 | $490.00 | 850 |
PROPERTY TAXES
| Parcel Number | 33-12-10-430-301.000-016 | Improvements Assessment | $405,000 |
| Land Assessment | $38,100 | Total Assessment | $443,100 |
PROPERTY TAXES
