$479,900 Price Analysis    ♡   Wabash, IN 46992 15 bed 8 bath 6,367 SqFt ($75/SqFt) 0.37 acre lot. Built 1964 Listed 2024-05-30, Taxes $2,468 | ✓ USDA Eligible near Wabash, IN Restrictions may apply due to home size |
Attention Investors!
* Has Contingent Offer *This fully occupied 8-unit apartment building presents a stable income opportunity. All units are currently leased, minimizing vacancy risk. The property offers a mix of seven 2-bedroom units and one efficient 1-bedroom unit, catering to a variety of renters. Each unit basts refrigerators and ovens, with seven units offering washer and dryer access for added convenience.
Gas-forced air heating and central AC provide year-round comfort for residents. Individual gas and electric meters ensure fair utility billing, while owner-paid water and gas simplify tenant expenses. Currently, the owner covers lawncare, gas and water, while the tenants cover electricity. The building has 7 gas meters and 8 electric meters.14 off-street parking spots ensure residents won't have to worry about parking hassles. This property is offered as-is, allowing you to add your personal touch and maximize your return.
Presented by Jordan Wildman at
Exp Realty, Llc.
Property MLS #202419303 from IRMLS
Full Bathrooms: 8
Fuel Expense: 11530
Heating Features: Forced Air
Flooring: Vinyl
Lot Size Acres: 0.37
Lot Size Dimensions: 100X162.5
Lot Size Square Feet: 16250
High School: Wabash
Middle School: Wabash
School District: Wabash City Schools
Map directions Map directions Map directionsNumber of 1 Bedroom Units: 1
Number of 2 Bedroom Units: 7
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
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: 4
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 4
Total Rooms in Unit-5: 4
Total Rooms in Unit-6: 3
Unit-1 Square Feet: 697
Unit-2 Square Feet: 704
Unit-3 Square Feet: 610
Unit-4 Square Feet: 659
Unit-5 Square Feet: 762
Unit-6 Square Feet: 442
Unit 1 Total Actual Rent: 175
Unit 2 Total Actual Rent: 170
Unit 3 Total Actual Rent: 170
Unit 4 Total Actual Rent: 170
Unit 5 Total Actual Rent: 180
Unit 6 Total Actual Rent: 160
Lease Term: Month to Month
Tenant Pays: Electric
Source Listing Status: Cont-AccptngBackupOffers
County: Wabash County
Directions: Enter address into Google Maps.
Tax Year: 2023
Source Property Type: INVESTMENT
Insurance Expense: 3114
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 7
Number of Separate Water Meters: 1
Owner Pays: Building Insurance, Heating, Lawn Maintenance, Maintenance
Parcel Number: 85-14-63-203-059.000-009
Postal Code Plus 4: 3500
Township: Noble
Trash Expense: 1600
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $101,800 + $21,600 $123,400 | $2,468 |
| 2020 | $117,900 + $21,600 $139,500 | $2,790 |
| 2019 | $117,900 + $21,600 $139,500 | $2,790 |
| 2018 | $117,900 + $21,600 $139,500 | $2,790 |
| 2017 | $74,200 + $21,600 $95,800 | $2,776 |
| 2017 | $116,000 + $21,600 $137,600 | $2,776 |
| 2016 | $53,700 + $21,600 $75,300 | $1,940 |
| 2015 | $52,100 + $21,600 $73,700 | $1,530 |
| 2013 | $51,000 + $21,600 $72,600 | $2,355 |
| 2012 | $56,200 + $21,600 $77,800 | $2,642 |
| 2011 | $71,500 + $21,600 $93,100 | $2,858 |
| 2010 | $82,200 + $21,600 $103,800 | $1,821 |
| 2008 | $82,100 + $21,600 $103,700 | $2,594 |
$479,900
IRMLS
Sold 2022-05-04
$1,270,400
Public Record
Sold 2013-11-22
$237,500
Public Record
Sold 2010-12-27
$75,000
Public Record
Listing removed 2010-12-21
$69,900
centralindiana
Listed 2010-10-29
$69,900
centralindiana
Year Built: 1964
Above Grade Finished Area: 6367
Property Age: 60
Levels or Stories: 1
Structure Type: Eightplex
House Style: One Story
Total Area Sqft: 6367
City
Water Sewer Expense: 3000
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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.