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10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
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10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
10601 Cunot Cataract Road
Sold

10601 Cunot Cataract Road

10601 Cunot Cataract Road, Poland, IN 47868-8500

$1,300,000
There are a total of 24 units, all of which are currently leased with scheduled rent increases upon renewal. Each of the three buildings comprises four 2-bedroom/1 bath and four 1-bedroom/1 bath units. Notably, each unit offers a vaulted ceiling in the kitchen, dining, and living area, as well as a laundry closet with hook-ups for a stacked washer & dryer. Tenants have access to a community room with a full kitchen, a half-bathroom, and coin-operated laundry. The property has undergone several improvements, including roof replacements and upgraded utility services. Two of the buildings' roofs are only 1 year old, the 3rd roof is 3-4 years old. The owners have provided a list of other improvements that have been made since they purchased the property. As tenants vacated, that unit was rehabbed as needed. There are 40+ parking spaces with designated handicapped parking. Trash removal is included in the rent. Tenants pay all utilities. The property is only shown by appt. Please provide proof of funds or a loan pre-qualification letter before the appt. request. *Please note, the numbers work best for an owner-managed operation.

36
beds

25
baths

20,232 Sq.Ft. LIVING AREA

5.99 Acres lot

Ron Plecher

Ron Plecher

Features & Amenities

Interior

  • total bedrooms36
  • Total bathrooms25
  • full bathrooms24
  • half bathroom1
  • Flooring Carpet, Laminate, Vinyl Tile

Area & Lot

  • Status Sold
  • Living Area20,232 Sq.Ft.
  • Total Area20,232 Sq.Ft.
  • Lot Area5.99 Acres
  • MLS® ID202423104
  • TypeMulti-Family
  • YEAR BUILT1999
  • Architecture StylesRanch
  • Water FrontageNone
  • Elementary SchoolCloverdale
  • Middle SchoolCloverdale
  • High SchoolCloverdale
  • School DistrictCloverdale Community Schools

Exterior

  • STORIES1
  • utilitiesPublic
  • roofDimensional Shingles
  • lot featuresLevel
  • HEAT TYPEGas, Forced Air
  • AIR CONDITIONINGCentral Air
  • sewerSeptic
  • HOA AmenitiesClubhouse, Laundry Facilities, Sidewalks

Financial

  • Sales Price$1,300,000
  • Zoning None
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