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Tim Haber

tim@teamhaber.com +1(260) 403-1940

Listed by Meeks Real Estate Inc.

$ 125,000

Est. payment | -/mo

6,185 Sqft Lot

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$ 125,000

Est. payment | -/mo

Save Virtual Tour

6,185 Sqft Lot

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Subdivision Fox Ridge Links

MLS Listing ID IRM202622466

HOA Y/N No

Year Built 2009

Annual Tax Amount $1,260

Tax Year 25

Lot Size 6,185 Sqft

Acres 0.142

Lot Dimensions .142

Property Sub-Type Other

Property Description

This well-maintained five-unit storage building offers a solid income-producing opportunity within the established Fox Ridge community. Each unit contains approximately 312 square feet, providing versatile storage solutions for tenants or personal use. The property currently demonstrates strong occupancy, with four of the five units in use. Two units are secured under one-year leases paid in advance, while one unit is leased on a month-to-month basis, offering both stability and flexibility in rental income. One unit is presently vacant, allowing opportunity for immediate additional revenue or owner use. The building generates consistent rental income, with units renting for $170 per month, equating to $2,040 annually per leased unit. Operating expenses are predictable and manageable. Association dues are $900 annually, billed quarterly. Additional costs include building shell insurance and utilities, with property taxes paid current. The storage building is governed by the Fox Ridge Condominium Association declarations and by-laws, ensuring uniform standards for maintenance and operation. Notably, the property operates independently without affiliation to Lakeview One, LLC and is not subject to LVO dues or assessments. This property presents a low-maintenance investment with reliable cash flow potential, ideal for investors seeking stable income or an owner-user needing secure storage space with supplemental rental income.

Location

State IN

County Knox County

Rooms

Basement Slab

Interior

Heating None

Inclusions Building

Fireplace N

Exterior

Parking Features None

View Y/N true

Total Parking Spaces 5

Building

Sewer None

Water None

New Construction No

Others

Pets Allowed No

Tax ID 42-12-13-800-002.001-023

Acceptable Financing IRM202622466

Listing Terms IRM202622466

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202622466

Nearby Locations

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Tim Haber

Broker-Associate Lic# RB14046378

tim@teamhaber.com

+1(260) 403-1940

8101 Coldwater Rd, Fort Wayne, IN 46825

1114 N Fox Ridge Links DR Vincennes, IN 47591

Tim Haber

Key Details

Location

Rooms

Interior

Exterior

Building

Others

1114 N Fox Ridge Links DR