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$169,900   Price Analysis
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290 292 W Main St
Wabash, IN 46992
3 bed 3 bath 2,064 SqFt ($82/SqFt)
5,742SqFt lot. Built 1910
Listed 2024-05-30, Taxes $1,270
USDA Eligible
near Wabash, IN
 Restrictions may apply
due to home size

Investors seeking immediate rental income

Look no further! This well-maintained triplex i n Wabash, Indiana boasts recent exterior painting and three one-bedroom units. All units are fully occupied with flexible month-to-month leases and come equipped with a refrigerator and oven. The on-site garage provides ample storage for the owner.

The building has 3 gas and 3 electrc meters with the owner currently covering gas and water 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 #202419470 from IRMLS

Bedrooms: 3

Total Bathrooms: 3 / 0
Full Bathrooms: 3

Fuel Expense: 5146
Heating Features: Forced Air

Furnished Description: Building, Land, Lease
Flooring: Mixed

Basement Description: Full Basement

Lot Description: Corner
Lot Size Acres: 0.1318182
Lot Size Dimensions: 66X87
Lot Size Square Feet: 5742

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 0.6 miles away.
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Wabash Middle School is a public elementary and middle school located approximately 0.7 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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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: 130
Unit 2 Total Actual Rent: 150
Unit 3 Total Actual Rent: 135

Income Includes: 21580
Lease Term: Week to Week
Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Snow Removal, Deposit Value

Maintenance Expense: 840

Community Features: Basement

Annual Tax Amount: 1800
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: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Tax, Trash Collection, Water
Parcel Number: 85-14-11-303-035.000-009
Township: Noble
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$52,500 + $11,000
$63,500
$1,270
2020$51,500 + $11,000
$62,500
$1,250
2019$47,400 + $11,000
$58,400
$1,168
2018$47,300 + $11,000
$58,300
$1,166
2017$49,900 + $11,000
$60,900
$1,218
2017$48,700 + $11,000
$59,700
$1,218
2016$49,800 + $11,000
$60,800
$1,242
2015$50,200 + $11,000
$61,200
$1,240
2013$49,100 + $11,000
$60,100
$1,949
2012$50,300 + $11,000
$61,300
$2,081
2011$53,900 + $6,900
$60,800
$1,866
2010$53,900 + $6,900
$60,800
$1,067
2008$51,200 + $6,900
$58,100
$832

Price Changed 2024-06-18
$169,900
IRMLS
Listed 2024-05-30
$189,900
IRMLS
Sold 2022-05-04
$1,270,400
Public Record

Net Operating Income: 12626

Total Square Feet Living: 2064
Year Built: 1910
Above Grade Finished Area: 2064
Below Grade Unfinished Area: 1188
Property Age: 114
Levels or Stories: 2
Structure Type: Triplex
House Style: Two Story
Total Area Sqft: 3252
Total Below Grade Area: 1188

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.