Richmond, IN 47374 223 S 12th Street
$159,900
Pending
14 more
Presented By: Mark Tooley with Tarter Realty Auction and Appraisal Company; Cell: 765-546-9051
Beds • 5
Baths • 5
SQFT • 3,624
Home Details
Dont miss this 5-unit multifamily property offering five 1-bedroom, 1-bathroom units. The building is equipped with a gas furnace for efficient heating and provides a solid opportunity for investors looking to generate rental income. Currently 4 of the 5 units are rented, offering immediate cash flow with the additional upside of leasing the remaining unit to maximize returns. Whether youre looking to expand your investment portfolio or get started in multifamily investing, this property presents a strong opportunity with income already in place.
Presented By: Mark Tooley with Tarter Realty Auction and Appraisal Company; Cell: 765-546-9051
Interior Features for 223 S 12th Street
Bedrooms
Num. of 1 Bedrooms5
Num. of 2 Bedrooms0
Num. of 3 Bedrooms0
Num. of 4 Bedrooms0
Unit 1-# of Bedrooms1
Unit 2-# of Bedrooms1
Unit 3-# of Bedrooms1
Unit 4-# of Bedrooms1
Unit 5-# of Bedrooms1
Above Grade Bedrooms5
Beds5
Below Grade Bedrooms
Bathrooms
Unit 1-# of Bathrooms1
Unit 2-# of Bathrooms1
Unit 3-# of Bathrooms1
Below Grade Baths
Other Interior Features
Total Finished SqFt3624
Basement Y/NYes
Above Grade Finished SqFt3624
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt432
Main Level SqFt1950
Num. of Efficiencies0
BasementCrawl, Partial Basement
Basement MaterialPoured Concrete
Dishwasher(s)
Disposal(s)
Dryer(s)
FlooringCarpet
Microwaves
Ranges/Ovens5
Refrigerators5
Total Number of Units5
W/D Hookups
Washers
Other Rooms
Total Rooms Below Grade
General for 223 S 12th Street
# of Buildings1
Age126
Agent First NameMark
Agent Last NameTooley
Annual Electric Expense
Annual Fuel Expense
Annual Insurance Expense
Annual Trash Expense
Architectural StyleTraditional
AreaWayne County
Assoc. Dues FrequencyNot Applicable
Associated Document Count3
Auction Y/NNo
Bathrooms5
CityRichmond
ClassINVESTMENT
CoolingNone
DOM6
Elementary SchoolVaile
FIPS Code18177
FeaturesOff Street Parking
Full Baths5
Half Baths
HeatingGas, Forced Air
High SchoolRichmond
Legal DescriptionN 1/2 & S 1/2 LOT 15 MP
LocationCity/Town/Suburb
Middle SchoolDennis
Net Income30000
New ConstructionNo
OwnerPaysLawn Maintenance, Snow Removal
PROPOSED FINANCINGCash, Conventional
ParkingOff Street, Street
Pet Restrictions Y/NNo
REONo
Rent Income30000
School DistrictRichmond Community Schools
SewerCity
StatusPending
StatusPending
Status Detail0
Stories Count2
StyleTwo Story
SubdivisionNone
Tax Year2025
Tenant PaysElectric, Fuel, Sewer, Water
Total Sq Ft4056
TownshipWayne
TypeFiveplex
Virtual TourClick here
Year Built1900
Exterior for 223 S 12th Street
Approx. Lot Size Acres0.17
DrivewayConcrete
Electric Meters5
ExteriorVinyl
Gas Meters1
Lot Description0-2.9999
Lot Dimensions44x165
Lot Size Area7405
Number of Parking Spaces2
OutbuildingNone
PoolNo
ROOF MATERIALAsphalt, Shingle
Water Meters5
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Richmond High School
Elementary School
Vaile Elementary School
Middle School
Dennis Middle School
Ryan Orr
Associate