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$149,900   Price Analysis
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295 W Main St
Wabash, IN 46992
3 bed 3 bath 1,772 SqFt ($84/SqFt)
2,178SqFt lot. Built 1910
Listed 2024-05-30, Taxes $1,324
USDA Eligible
near Wabash, IN
 

Investors seeking immediate rental income

Look no further! Ths well-maintained triplex in Wabash, Indiana boasts three one-bedroom units, fully occupied with extensive tenancy. All units come equipped with a refrigerator, oven and two units include access to washer and dryer facilities. Central air plus gas-forced heating ensures comfort.

The on-site garage provid es ample storage for the owner. The building has 1 gas and 2 electric meters with the owner currently covering all utilities and lawncare. Future rent adjustments and utility RUBS offer further income potential. This turnkey investment boasts established tenants and excellent income a perfect addition to any investor's portfolio. The property is sold as-is.


Presented by Jordan Wildman at
Exp Realty, Llc.
Listing Agent Photo

Property MLS #202419474 from IRMLS

Bedrooms: 3

Total Bathrooms: 3 / 0
Full Bathrooms: 3

Laundry Features: # of Washers: 2, # of Dryers: 2

Cooling Features: Central Air
Fuel Expense: 5640
Heating Features: Forced Air

Furnished Description: Building, Land, Lease
Flooring: Mixed

Basement Description: Full Basement

Lot Description: Corner
Lot Size Acres: 0.05
Lot Size Dimensions: 33X66
Lot Size Square Feet: 2178

Number of Buildings: 1
Number of Units: 3
Number of 1 Bedroom Units: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 3
Total Rooms in Unit-2: 3
Total Rooms in Unit-3: 3
Unit 1 Total Actual Rent: 160
Unit 2 Total Actual Rent: 150
Unit 3 Total Actual Rent: 155

Elementary School: OJ Neighbors
High School: Wabash
Middle School: Wabash
School District: Wabash City Schools

Wabash High School is a public high school located approximately 0.7 miles away.
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Wabash Middle School is a public elementary and middle school located approximately 0.8 miles away.
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St Bernard Elementary School is a private elementary school located approximately 0.2 miles away.
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Income Includes: 24700
Lease Term: Week to Week
Tenant Pays: Cable, Snow Removal, Deposit Value

Maintenance Expense: 1300

Community Features: Basement

Annual Tax Amount: 1582
Source Listing Status: Active
County: Wabash County
Directions: Enter address into Google Maps.
Tax Year: 2023
Source Property Type: INVESTMENT
Insurance Expense: 1168
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Owner Pays: Building Insurance, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
Parcel Number: 85-14-11-303-047.000-009
Postal Code Plus 4: 3020
Township: Noble
Lot Number: 42
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$63,800 + $2,400
$66,200
$1,324
2020$62,600 + $2,400
$65,000
$1,300
2019$59,700 + $2,400
$62,100
$1,242
2018$59,600 + $2,400
$62,000
$1,240
2017$58,900 + $2,400
$61,300
$1,226
2017$57,700 + $2,400
$60,100
$1,226
2016$57,600 + $2,400
$60,000
$1,250
2015$58,200 + $2,400
$60,600
$1,224
2013$56,900 + $2,400
$59,300
$1,923
2012$56,200 + $2,400
$58,600
$1,990
2011$51,900 + $1,400
$53,300
$1,636
2010$56,300 + $1,400
$57,700
$916
2008$89,500 + $1,400
$90,900
$2,274

Price Changed 2024-06-18
$149,900
IRMLS
Listed 2024-05-30
$169,900
IRMLS
Sold 2022-05-04
$1,270,400
Public Record
Sold 2008-04-08
$493,750
Public Record

Net Operating Income: 15010

Total Square Feet Living: 1772
Year Built: 1910
Above Grade Finished Area: 1772
Below Grade Unfinished Area: 1016
Property Age: 114
Levels or Stories: 2
Structure Type: Triplex
House Style: Two Story
Total Area Sqft: 2788
Total Below Grade Area: 1016

Sewer: City
City
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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.