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$259,900   Price Analysis
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7932 Faye Ln
Newburgh, IN 47630
4 bed 4 bath 2,480 SqFt ($104/SqFt)
0.3 acre lot. Built 1991
Listed 2024-04-10, Taxes $2,691
USDA Eligible
near Newburgh, IN
 Restrictions may apply
due to home size

This is a extraordinary Investment opportunity!

* Sale Pending *

This Triplex offers two 1 bedroom 1 bathroom units and one 2 bedroom 2 bathroom unit. Two of the units have washer and dryer hookups.

Large lot with plenty of parking and a big backyard for tenants to enjoy. All of the unts are currently rented.


Presented by Madison Beshear at
Era First Advantage Realty, Inc.
Listing Agent Photo

Property MLS #202411688 from IRMLS

Bedrooms: 4

Total Bathrooms: 3 / 1
Full Bathrooms: 3
1/2 Bathrooms: 1

# of Dishwashers: 1
# of Disposals: 3

Laundry Features: # of Washers: 1, # of Dryers: 1

Cooling Features: Wall AC
Heating Features: Wall Heater

Furnished Description: Building
Flooring: Carpet, Laminate

Basement Description: Slab

Lot Description: Level
Lot Size Acres: 0.3
Lot Size Square Feet: 13068

Garage Spaces: 8
Garage Description: Paved

Elementary School: Castle
High School: Castle
Middle School: Castle South
School District: Warrick County School Corp.

John High Castle Elementary School is a public elementary school located approximately 0.6 miles away.
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Castle High School is a public high school located approximately 0.8 miles away.
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Castle North Middle School is a public middle school located approximately 0.9 miles away.
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Newburgh Christian School is a private elementary, middle and high school located approximately 1.7 miles away.
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Number of Units: 3
Number of 1 Bedroom Units: 2
Number of 2 Bedroom Units: 1
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Unit 1 Total Actual Rent: 695
Unit 2 Total Actual Rent: 1260

Income Includes: 33000
Lease Term: 1 Year
Tenant Pays: Electric, Trash Collection, Water

Community Features: Breakfast Bar, Washer Hook-Up

Annual Tax Amount: 3254
Source Listing Status: Pending
County: Warrick County
Directions: East on Oak Grove, North on Jerrald, East on Faye, Property is on Left.
Tax Year: 2023
Source Property Type: INVESTMENT
Insurance Expense: 1800
Source Neighborhood: Carter Heights
Owner Pays: Lawn Maintenance, Sewer, Water
Parcel Number: 87-12-14-302-058.000-019
Subdivision: Carter Heights
Township: Ohio
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$154,900 + $19,100
$174,000
$2,691
2020$143,600 + $17,500
$161,100
$2,659
2019$137,500 + $17,500
$155,000
$2,650
2018$120,900 + $17,500
$138,400
$2,248
2017$117,400 + $17,500
$134,900
$2,349
2017$125,100 + $17,500
$142,600
$2,349
2016$118,600 + $18,800
$137,400
$2,215
2015$118,200 + $18,800
$137,000
$2,241
2013$108,200 + $29,700
$137,900
$2,053
2012$117,100 + $25,600
$142,700
$2,115
2011$101,600 + $29,700
$131,300
$2,031
2010$101,600 + $29,700
$131,300
$2,022

Listed 2024-04-10
$259,900
IRMLS
Sold 2022-08-12
$230,920
IRMLS
Listed 2022-06-28
$195,000
IRMLS
Sold 2018-10-09
$160,000
Public Record
Listing removed 2018-08-10
$169,900
IRMLS
Listed 2018-08-01
$169,900
IRMLS
Listing removed 2009-05-21
$149,000
SIAR
Listing removed 2009-02-20
$149,000
SIAR
Listed 2009-02-19
$149,000
SIAR
Sold 2006-05-15
$127,000
Public Record

Net Operating Income: 26506

Total Square Feet Living: 2480
Year Built: 1991
Above Grade Finished Area: 2480
Property Age: 33
Levels or Stories: 1
Structure Type: Triplex
House Style: One Story
Total Area Sqft: 2480

Sewer: City
City
Water Sewer Expense: 1440
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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.