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511 N Main Street

Oakland City, IN, 47660

  • Price $139,900
  • Beds5
  • Baths3
  • Sq. Ft.2548
  • MLS #202444459
Investment property in Oakland City features a 3 apartments house on a double lot. The new owner could convert it back to a one-unit home or use it for investment income. The seller just repainted the exterior and installed a partial new roof. One apartment has been completely updated and ready to rent. Apartment 2 is leased on a month-to-month basis. Apartment 3 upstairs needs renovation. Apartment 1 on main level has 1 bedroom, kitchen, bath. Apartment 2 has not been renovated and is occupied by the tenant. It has a kitchen, bedroom, and living room with a deck. Apartment 3 is unique with main floor kitchen, upstairs has a bathroom, 3 bedrooms or 1 could be a living room. All apartments have a range and refrigerator. 3 total Widow AC units one for each unit. The basement with an exterior entrance has a community washer and dryer. The landlord pays for water. Per Seller:Apartment 1 is fully renovated: new plumbing fixtures, new toilet, new shower installation, added window to bathroom, new sink with storage and medicine cabinets, mirror, new kitchen cabinets, new counter, floors, baseboards, carpet, some upgraded windows, recessed lighting throughout, new roof, freshly painted exterior.
Bedrooms
5
Style
Two Story
Bathrooms
3
County
Gibson County
Lot Size
0.1800
Year Built
1900
Water
City
Sewer
City
Sq, ft. finished
2,548sq. ft (approx.)
Sq, ft. total
3278sq. ft (approx)
Garage
No - 0.0 car
Subdivision
None
Cooling
Window
Heating
Electric,Forced Air
Basement
Cellar
Exterior
Aluminum
Annual Taxes
1041.00
Association Dues
0.00
Refrigerator,Washer,Dryer-Electric,Oven-Electric
District
East Gibson S.D.
Elementary
Wood Memorial
Middle School
Wood Memorial
High School
Wood Memorial
IDX information provided by the Indiana Regional MLS
Listing provided courtesy of Elaine Sollars of F.C. TUCKER EMGE, 812-455-8000.

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Frequently asked questions

What is the Difference between Sale Price & Assessment?
Here is one of the most commonly asked questions at Assessment Notice time: We recently purchased a property, why is it assessed at a different price then the purchase price? This could be due to a couple of reason: First, the motivation of the buyers and sellers can affect sale price. Therefore, when very similar properties are sold during the same time frame, a range of sale prices can result. The market value assessment reflects sales in the middle of this range of prices. As a result, the assessment could be higher or lower than a specific selling price. Second, market values may have changed between valuation day and the date you made your purchase. For example, in some areas, market values have increased since January 1. If this has happened in your area and you  have only recently purchased your property, it is possible that your assessment, while representative of your type of home 3 or 4 months ago, will be lower than your purchase price. The purpose of the assessment roll is not to reflect a single sale price, but to assess all properties at market value on the same valuation date, so that taxation is fairly and uniformly shared.

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Disclaimer

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS

Listing Data updated: December 21, 2024, 10:30 am
IDX information provided by the Indiana Regional MLS