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$174,900   Price Analysis
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40-42 W Maple St
Wabash, IN 46992
5 bed 3 bath 2,402 SqFt ($72/SqFt)
8,712SqFt lot. Built 1949
Listed 2024-05-30, Taxes $1,106
USDA Eligible
near Wabash, IN
 Restrictions may apply
due to home size

Investors seeking immediate rental income

Look no further! This well-maintaind triplex in Wabash, Indiana boasts three fully occupied units w ith extensive tenancy. Two roomy two-bedroom units and a comfortable one-bedroom unit cater to various tenant needs. All units come equipped with a refrigerator, oven and access to washer and dryer facilities.

The on-site garage provides ample storage for the owner. The building has 2 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 #202419477 from IRMLS

Bedrooms: 5

Total Bathrooms: 3 / 0
Full Bathrooms: 3

Laundry Features: # of Washers: 3, # of Dryers: 3

Fuel Expense: 6906
Heating Features: Forced Air

Furnished Description: Building, Land, Lease
Flooring: Mixed

Basement Description: Crawl, Partial Basement

Lot Description: Level
Lot Size Acres: 0.2
Lot Size Dimensions: 66X132
Lot Size Square Feet: 8712

Garage Spaces: 3

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 0.5 miles away.
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Wabash Middle School is a public elementary and middle school located approximately 0.5 miles away.
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St Bernard Elementary School is a private elementary school located approximately 0.1 miles away.
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Number of Units: 3
Number of 1 Bedroom Units: 1
Number of 2 Bedroom Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
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: 4
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 3
Unit 1 Total Actual Rent: 170
Unit 2 Total Actual Rent: 180
Unit 3 Total Actual Rent: 150

Income Includes: 26000
Lease Term: Week to Week
Tenant Pays: Cable, Snow Removal, Deposit Value

Maintenance Expense: 900

Community Features: Basement

Annual Tax Amount: 1382
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: 2
Number of Separate Water Meters: 1
Owner Pays: Building Insurance, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
Parcel Number: 85-14-11-302-068.000-009
Township: Noble
Lot Number: 36
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$42,100 + $13,200
$55,300
$1,106
2020$41,300 + $13,200
$54,500
$1,090
2019$38,100 + $13,200
$51,300
$1,026
2018$38,100 + $13,200
$51,300
$1,026
2017$39,800 + $13,200
$53,000
$1,072
2017$39,200 + $13,200
$52,400
$1,072
2016$39,700 + $13,200
$52,900
$1,084
2015$40,100 + $13,200
$53,300
$1,082
2013$39,200 + $13,200
$52,400
$1,699
2012$40,000 + $13,200
$53,200
$1,806
2011$27,100 + $9,900
$37,000
$1,135
2010$27,100 + $9,900
$37,000
$863
2008$43,200 + $9,900
$53,100
$1,328

Price Changed 2024-06-18
$174,900
IRMLS
Listed 2024-05-30
$179,900
IRMLS
Sold 2022-05-04
$1,270,400
Public Record
Sold 2010-10-18
$37,500
Public Record

Net Operating Income: 15644

Total Square Feet Living: 2402
Year Built: 1949
Above Grade Finished Area: 2402
Below Grade Unfinished Area: 515
Property Age: 75
Levels or Stories: 2
Structure Type: Triplex
House Style: Two Story
Total Area Sqft: 2917
Total Below Grade Area: 515

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.