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Apartment/Bed and Breakfast : Buy Today For $239,000

GREAT INCOME PRODUCING PROPERTY!

1447 E County Road 75 N Sullivan, IN 47882

DIRECTIONS: Directions: From the Intersection of US 41 and West Washington Street, Travel east, Continue around the Court House Square to East Washington Street; Turn left onto the first driveway after the Sullivan Fairgrounds. Watch for Johnny’s signs!

This is a 2– story brick building on 2 acres. The property was completely renovated approximately 15 years ago. This property is adjacent to Sullivan County Park and Lake plus the golf course. The property has 12 one bedroom, one bath apartments. Each apartment has a gas forced air furnace and separate air conditioning. Each unit has a kitchen with range and refrigerator. The first floor has 7 apartments, common areas and laundry room. The second floor has 5 apartments and a laundry area. There is a stairway to access the second floor as well as an elevator and 2 stairways to exit. The common areas have their own gas forced air furnace and central air. The building has a basement that houses the two 100 gallon  gas water heaters, elevator pump, elevator electrical panel and has its own gas forced air furnace and central air. The property has a 800 ampere main breaker box. The property has a fire alarm system. The property has a 2-car detached garage with partial concrete floor. There is a ranch style building that could be converted to a residence. This Real Estate is a great apartment building or would make a wonderful Bed & Breakfast. The Gross income per month is $6,400 m/l.


Parcel Numbers: 77-07-35-000-004.001-011
Legal Description: 35-8-9 2.00 ACRES PT NE NW
Real Estate Taxes: $1,868.62 m/l per installment

Terms:

Possession: At closing and not before.

Survey: Any survey desired by the Buyer will be completed after the closing and paid for by the Buyer.

Email: auctions@jswalls.com
FOR PRIVATE SHOWING CALL: 812-249-5090 or 1-877-696-5099

AGENCY: Johnny Swalls Auction, Inc. and it's Representatives are Excluve Agents of the Seller.

AUCTIONEER/BROKER: Col. Johnny Swalls, CAI, GPPA, CAGA, CREA, AU1026257, RB14033902, AC30700074.

947 Real Estate Parcels Sold of the last 964 Listed!!

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