This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2320 State St
New Castle, IN 47362
5- Unit Multifamily and 7 - Duplex Portfolio · Multifamily Property For Sale
·
13 Units
PROPERTY FACTS
| No. Units | 13 | Lot Size | 1.73 AC |
| Property Type | Multifamily | Building Size | 20,833 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.73 AC |
| Building Size | 20,833 SF |
| No. Stories | 1 |
| Year Built | 1965 |
ABOUT 2320 STATE ST , NEW CASTLE, IN 47362
David Orton of Marcus & Millichap is offering a portfolio of properties for sale in New Castle Indiana. Investment and wealth building podcast listeners look no further. The investment offering is a high vacancy, high deferred maintenance opportunity being sold as-is / where is. Parcel 33-12-11-430-213.000-016 is 1.73 acres on a corner lot with expansion potential. While we welcome for the opportunistic investor to conduct inspections on the properties being offered, the reserve price of the bid is reflective of the deferred maintenance and vacancy of the property being offered for sale. No physical inspection contingencies will be considered as part of the investment offering. No financing contingencies will be considered as part of the investment offering. Motivated seller. Reserve price is reflective of the motivation. See attached brochures and other documents. The opportunity: 2320 and 2324 - Rents range $300 - $600 - 5 units - (3) 2bd 2ba, (2) 1bd 1ba 305 and 307 - Rents range $550 - Duplex - 2bd 1ba 128 and 130 - Rents range $425 - $500 - Duplex - 2bd 1.5 ba 719 and 721 - Rents range $600 - Duplex - 2bd 1.5 ba 1114 and 1116 - Rents range $450 - $550 - Duplex - 2bd 1 ba 108 - Rents range $550 - SFR - 2bd 1 ba
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $400.00 | 1,725 |
| 2+2 | 7 | $500.00 | 1,168 - 1,725 |
| 2+1 | 5 | $275.50 | 836 - 1,870 |
PROPERTY TAXES
| Parcel Number | 33-12-11-430-213.000-016 | Improvements Assessment | $201,300 |
| Land Assessment | $29,000 | Total Assessment | $230,300 |
PROPERTY TAXES
