Sold for $290,000 Listed for $309,900
342 E Lincoln Highway
This property is not currently for sale or for rent.
Attention Investors! Turnkey income producing property. There is an ANNUAL NET income of $45,460 on this mixed use property. There are 12 units. In the front building there are 2 retail units-one is a salon ($650/mo rent) that has been rented for 7 years, the other could be an office or easily converted into an apartment. Sellers have a bid of $10,000 to convert to a residential apartment (rent to be $900/mo). There is also a studio ($700/mo rent) and a 2 bedroom ($1100/mo rent) apartment in this building. In the rear building there are 8 efficiency apartments, some with long term tenants. These rent for $400/month. There is a 9th efficiency space that is used as the maintenance room. A storage shed is located next to the efficiencies.
On the Corner of Sturm and Lincoln Highway East
Map to 342 E Lincoln Highway, New Haven, IN 46774
MLS #
202305987
Status
Sold
Property Type
Commercial
Property SubType
Mixed Use
New Construction
No
Type
Mixed Use
Annual Taxes
$3,696.48
Year Taxes Payable
2022
Year Built
1955
Days on Market
7
Room Dimensions
Den
3 × 1797
Level
2nd Bedroom
1920 ×
Level
3rd Bedroom
12 × 2
Level
External Features
Construction
Mixed Use
Lot Size
20,473 sq ft
Acreage
0.47 Acres
Lot Dimensions
150x137
Fence
None
Location
Area
Allen County
County
Allen
Subdivision
Begues
Township
Adams
City
New Haven
State
IN
Zip
46774
Financial
Assoc. Dues
$0.00
| MLS # | 202305987 |
|---|---|
| Status | Sold |
| Property Type | Commercial |
| Property SubType | Mixed Use |
| New Construction | No |
| Type | Mixed Use |
| Annual Taxes | $3,696.48 |
| Year Taxes Payable | 2022 |
| Year Built | 1955 |
| Days on Market | 7 |
| Den | 3 × 1797 | Level |
| 2nd Bedroom | 1920 × | Level |
| 3rd Bedroom | 12 × 2 | Level |
| Construction | Mixed Use |
|---|---|
| Lot Size | 20,473 sq ft |
| Acreage | 0.47 Acres |
| Lot Dimensions | 150x137 |
| Fence | None |
| Area | Allen County |
|---|---|
| County | Allen |
| Subdivision | Begues |
| Township | Adams |
| City | New Haven |
| State | IN |
| Zip | 46774 |
| Assoc. Dues | $0.00 |
|---|
MLS# 202305987. IDX information provided by the Indiana Regional MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Neal Sherk
North Eastern Group Realty
Cell: 260-341-0714
Listing information last updated Sunday, March 26th, 2023 at 6:30 PM EDT.
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