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23402975
23403000

28 N Washington St, Knightstown, IN 46148

CH
IN RB14039883
F.C. Tucker/Crossroads Realtors
Listed by F.C. Tucker/Crossroads Realtors
$325,000
390 days on market
Updated 28 days ago

5 Unit - Partially Occupied/Mixed Use/On Town Square & US 40

Details
Property Type Mixed Use, Office
Sub Type Traditional Office
Square Footage 7,872
Net Rentable (SqFt) 7,872
Units 5
Cap Rate 10.4%
NOI $33,800
Occupancy 40%
Tenancy Multi
Lease Type Modified
Price per SqFt $41
Year Renovated 2020
Buildings 2
Stories 2
Acreage 0.103
Ground Lease No

Mixed Use | 10.40% CAP | 7,872 SqFt

Marketing description

Updated investment property that checks all the boxes. Partially occupied, five unit building in historic Knightstown. Charming finishes, location, and appeal. Original hardwood floors, tall ceilings, and exposed brick walls mix with modern plumbing and electrical throughout. Unit 24 houses Historic Knightstown Inc and includes a show room, kitchenette, bathroom and storage. Unit 26 exudes character and features a lobby, three private offices and washer/dryer connection. Unit 28A (2nd FL) is features 14' ceilings and two large/open rooms. Unit 28B (2nd FL) is a fully renovated two bedroom apartment with open floor plan. Unit 32 is also fully renovated commercial unit. Each unit features an updated bathroom. Tenant pays gas & electric (individually metered). Owner pays water. taxes, insurance.

Unit / Rent MO / Lease End

24 / $300 MO / 3/31/2034

26 / Open to lease

28A / Residential Apt / Open to lease

28B / Open to lease

32 / $800 MO / 12/31/2026

Listing Contacts

CH
IN RB14039883
F.C. Tucker/Crossroads Realtors
Listed by F.C. Tucker/Crossroads Realtors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$33,800.00
$2,816.67/mo

Valuation Metrics

0
DSCR
10.4%
Cap Rate
10.4%
ROI

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Additional Information

Name
Cara Huffman
License
RB14039883
Brokerage
F.C. Tucker/Crossroads Real Estate
Brokerage Phone
7655219464
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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