$450,000 Price Analysis    ♡   La Fontaine, IN 46940 8 bed 7 bath 4,116 SqFt ($109/SqFt) 0.5 acre lot. Built 1983 Listed 2024-04-25, Taxes $1,626 | ✓ USDA Eligible near La Fontaine, IN Restrictions may apply due to home size |
Welcome investors to this fully occupied 7 unit apartment complex in LaFontaine
* No Longer For Sale *
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Indiana! This property includes a 4plex, a duplex and a 2-bed single family home with an attached garage. With gross monthly rents equal to $4, 675 you are sure to find this to be your next fantastic investment and source of passive income. Tons of updates have been done over the past 14 months.
Units 4, 5, 6 have been fully remodeled. The 4plex had a brand new roof professionally installed June 2023. Various other updates and repairs have been done to all units. All units run on electric and tenants pay their own electric bills. Community, ff street parking for units 1-6, unit 7 has a private driveway and garage. Make sure to check this out and have this property be the next addition to your portfolio!
Presented by Payton T Deeter at
Terrell Realty Group, Llc.
Property MLS #202414038 from IRMLS
Full Bathrooms: 7
Heating Features: Baseboard
Flooring: Laminate
Lot Size Acres: 0.5
Lot Size Dimensions: 66x132
Lot Size Square Feet: 21780
Number of Units: 7
Number of 1 Bedroom Units: 6
Number of 2 Bedroom Units: 1
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-6: 1
Total Rooms in Unit-1: 3
Total Rooms in Unit-2: 3
Total Rooms in Unit-3: 3
Total Rooms in Unit-4: 3
Total Rooms in Unit-5: 3
Total Rooms in Unit-6: 3
Unit-1 Square Feet: 561
Unit-2 Square Feet: 561
Unit-3 Square Feet: 561
Unit-4 Square Feet: 561
Unit-5 Square Feet: 504
Unit-6 Square Feet: 504
Unit 1 Total Actual Rent: 600
Unit 2 Total Actual Rent: 600
Unit 3 Total Actual Rent: 450
Unit 4 Total Actual Rent: 775
Unit 5 Total Actual Rent: 750
Unit 6 Total Actual Rent: 750
High School: Southwood
Middle School: Southwood
School District: MSD of Wabash County Schools
Map directions Map directionsLease Term: 1 Year, Month to Month
Tenant Pays: Cable, Deposit Value, Electric
Source Listing Status: Sold
County: Wabash County
Directions: Driving south on highway 15, turn East on to County Road 1000 S. Turn right on N. Wabash Ave. Turn right on Rennaker St. Turn right into the parking lot. Property is on the left.
Source Property Type: INVESTMENT
Insurance Expense: 4968
Number of Separate Electric Meters: 7
Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
Parcel Number: 85-19-27-100-003.000-006
Township: Liberty
Trash Expense: 1035
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $66,300 + $15,000 $81,300 | $1,626 |
| 2020 | $66,300 + $15,000 $81,300 | $1,626 |
| 2019 | $67,400 + $15,000 $82,400 | $1,648 |
| 2018 | $73,400 + $15,000 $88,400 | $1,768 |
| 2017 | $79,300 + $15,000 $94,300 | $1,760 |
| 2017 | $72,600 + $15,000 $87,600 | $1,760 |
| 2016 | $85,500 + $15,000 $100,500 | $1,524 |
| 2015 | $83,700 + $15,000 $98,700 | $2,122 |
| 2013 | $85,800 + $15,000 $100,800 | $2,254 |
| 2012 | $95,900 + $15,000 $110,900 | $2,611 |
| 2011 | $115,300 + $15,000 $130,300 | $2,812 |
| 2010 | $115,300 + $15,000 $130,300 | $1,713 |
| 2008 | $130,400 + $15,000 $145,400 | $2,560 |
$400,000
IRMLS
Listed 2024-04-25
$450,000
IRMLS
Sold 2023-01-13
$325,000
IRMLS
Listed 2022-11-24
$325,000
IRMLS
Sold 2022-11-03
$225,000
Public Record
Listing removed 2022-09-28
$0
RentecDirect
Price Changed for rent 2022-08-15
$500
RentecDirect
Listed for rent 2022-04-14
$550
RentecDirect
Listing removed 2022-01-16
$0
RentecDirect
Listed for rent 2021-11-17
$550
RentecDirect
Listing removed 2021-11-05
$0
RentecDirect
Listed for rent 2021-10-20
$550
RentecDirect
Year Built: 1983
Above Grade Finished Area: 4116
Property Age: 41
Roof: Shingle
Levels or Stories: 1
Structure Type: Sevenplex
Total Area Sqft: 4116
City
Water Sewer Expense: 3900
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.