600 North Walnut Columbia City IN | Real Living Ness Bros. Real Estate & Auction Co. | Real Living Real Estate

 

U.S. BANKRUPTCY ! 28 Unit Apartment Complex

Bankruptcy Trustee - Real Estate

600 North Walnut Street, Columbia City, IN 46725

Real Estate Information 

      Annual Gross Income Potential Approx $117,600

      26 One Bedroom Units

      Each One Bedroom is 480 sqft

      1.72 Acres

      Off Street Parking

      All Electric with A/C

      Great Central Location

 
 Property Description
This 28 Unit apartment complex has 26 one-bedroom units that consist of a living room, kitchen with eating area, full bath and one bedroom. Each unit has an electric furnace, with AC with approx. 480 sq ft of living space. The tenant pays the electric and the owner pays the water for all the units. There are 4 separate main units, one unit has 10 apartments, two units have 8 apartments each, and the last unit contains 2 two-bedroom apartments, with each of these units having 1,230 sq. ft of living space. Presently there is one of the units had a fire and is not habitable and due to recent high wind storm there is roof damage to two units. Even though this property is not in pristine condition this auction represents a golden opportunity. In real estate the three most important things are location location, location. This property is located a short distance from the following stores: Walgreens, Aldis, General Dollar, Village Cleaning center laundry mat. PRO Credit union and Family Video,
 
Directions 
South of St 30 of St RD #9 (N Line St) to Weigand Dr go West to North Walnut Street turn Right
 
Disclaimer

Inspect, Arrange Financing, Bid Your Price

STATEMENTS MADE THE DAY OF AUCTION TAKE PRECEDENCE OVER THE PREVIOUS PRINTED MATERIALS OR ANY ORAL STATEMENTS.

Thank You for your interest in this offering. If you have any questions, please feel free to talk to one of our representatives.

Ness Bros is a Licensed and Insured Auction Company AC39600001

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