332-338 Main Street, HOBART IN 46342 Photo 1
Listing Courtesy of Realpoul Realty

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332-338 Main Street - What do you buy with $495,000? Restaurant with the same owner for well over 40 years (Recently Closed; personal reasons) 6-apartments above the restaurant; one (1) 2-bedroom and five (5) -1 bedroom Annual income from apartments is over $46,000; and do not forget the restaurant space! One could lease the restaurant for $3,500 / month or 42,000 per year Excellent location . Restaurant space can be divided into 3 stores for a total of 9 units! In summary, you buy an investment property with 7 to 9 units at a very low price.

Listing information

  • MLS® ID: 09226283
  • Status: Active
  • New Construction: No
  • County: Other
  • Style: Mixed Use
  • Stories: 2
  • Foreclosure: No
  • Year Built: 1965
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $12,000

Features

Air Conditioning Central Air
Approximate Age 36-50 Years
Built Before 1978 (Y/N) Yes
Franchisor Feed(y/n) No
Geographic Locale Out of Area
Heat/Ventilation Ceiling Units
Information 24-Hr Notice Required
Other # Of Apts - 6, # Of Offices - 0, # Of Tenants - 7, # Of Units - 7, Approx Total Bldg Sq Ft - 8000, Electricity Expense - 0, Fuel Expense - 0, Gross Rent Multiplier - 5.57, Gross Rental Income $ - 88200, Insurance Expense - 6000, Net Oper Income $ - 88200, Other Expenses - 0, Scavenger Expense - 0, Tax Year - 2014, Total Annual Exp - 0, Total Annual Income - 0, Total Monthly Income - 7350, Township - Hobart, Water Expense - 0, Zoning Type - Commr
Owners Assoc (Y/N) No
Property Type Mixed Use
Tenant Pays Air Conditioning, Electric, Heat
Listing Courtesy of Realpoul Realty