$158,000
SOLD AUG 30, 2024

1023 S Second St Upland, IN 46989

4 Beds
3 Baths
3,024 Sq Ft
0.29 Acres

Recently Sold

$52 Per Sq Ft

7% Below List Price

5 Days on Market

Highlights

  • Corner Lot
  • Ceiling Fan
  • Carpet
  • Forced Air Heating and Cooling System

About This Home

As of August 2024

Location, location, location! Close to Taylor University and Eastbrook South Elementary, this home has a lot of square footage and plenty of options for those looking for an affordable home, investors looking for cash flow, and just about anything in between. Currently, the home has 3 units. Unit A is a 2 bedroom, 2 full bath apartment with a full kitchen and a large upstairs loft area. Unit B is a large 1 bedroom, 1 bath apartment with a full kitchen. Unit C is a spacious and updated studio apartment currently occupied with a month-to-month tenant at $575/month. Units A and B are currently vacant (together they previously earned $1900/month in rent) and ready for your updates and vision. Foundation has been updated with repairs and a new vapor barrier. New plumbing throughout. New water heating and softening systems (rented). Great investment opportunity for the 3 units OR tons of potential to combine units A and B into one large home that maintains rental income from Unit C. Home being sold AS IS.

Last Agent to Sell the Property

Drew Moser

Nicholson Realty 2.0 LLC Brokerage Phone: 765-618-7408 Listed on: 08/09/2024

Last Buyer's Agent

Drew Moser

Nicholson Realty 2.0 LLC Brokerage Phone: 765-618-7408 Listed on: 08/09/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,211

Year Built

  • Built in 1965

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 96x132
  • Corner Lot

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 3,024 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 5 Parking Spaces
  • Off-Street Parking

Schools

  • Eastbrook South Elementary School
  • Eastbrook Middle School
  • Eastbrook High School

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater Leased

Listing and Financial Details

  • The owner pays for building insurance, cooling, electric, heating, lawn maintenance, water, water softener
  • Assessor Parcel Number 27-09-10-201-035.000-013

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $3,600
  • Insurance Expense $2,500
  • Trash Expense $600
  • Water Sewer Expense $3,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,211

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1965
  • Age: 59
  • Style: One and Half Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: LOTS 128 & 129 UNIVERSITY ADD.
  • Parcel Number ID: 27-09-10-201-035.000-013
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Water Heater Rental, Water Softener-Rented
  • Sp Lp Percent: 93
  • Monthly Gross Income: 2475
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 3024
  • Total Finished Sq Ft: 3024
  • Above Grade Finished Sq Ft: 3024
  • Price Per Sq Ft: 52.25
  • Flooring: Carpet, Laminate
  • Number Of Disposals: 2
  • Number Of Microwaves: 3
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 3600
  • Annual Insurance Expense: 2500
  • Annual Trash Expense: 600
  • Annual Water Sewer Expense: 3600
  • Number Of W D Hookups: 2

Schools

  • School District: Eastbrook Community
  • Elementary School: Eastbrook South
  • Middle School: Eastbrook
  • High School: Eastbrook
  • Elementary School: Eastbrook South

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 96x132
  • Estimated Lot Sq Ft: 12632
  • Estimated Lot Size Acres: 0.29

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Cooling, Electric, Heating, Lawn Maintenance, Water, Water Softener

Multi Family

  • Gross Monthly Rent: 2475
  • Number Of Dishwashers: 2
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 2211

MLS Schools

  • High School: Eastbrook
  • Middle School: Eastbrook
  • School District: Eastbrook Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2024
Closed on
Aug 30, 2024
Sold by
Lama Llc
Bought by
Tlc Homes Llc
Seller's Agent
Drew Moser
Nicholson Realty 2.0 LLC
Buyer's Agent
Drew Moser
Nicholson Realty 2.0 LLC
List Price
$169,900
Sold Price
$158,000
Premium/Discount to List
-$11,900
-7%
Views
40
Current Estimated Value
$173,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,909
Avg. Annual Appreciation
12.25%

Purchase Details

Closed on
Oct 6, 2021
Sold by
Broyles Luke D and Marshbanks Aaron
Bought by
Lama Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Mar 18, 2020
Closed on
Mar 30, 2021
Sold by
Cartwright Dominic and Cartwright Kimberly
Bought by
Broyles Luke D and Marshbanks Aaron
Seller's Agent
Susan Reese
F.C. Tucker Realty Center
Buyer's Agent
Susan Reese
F.C. Tucker Realty Center
List Price
$159,900
Sold Price
$141,000
Premium/Discount to List
-$18,900
-11.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.06%

Purchase Details

Listed on
Jul 10, 2015
Closed on
Mar 30, 2016
Sold by
Lawvere Albert E and Lawvere Gabriele E
Bought by
Catwright Dominic and Catwright Kimberly
Seller's Agent
Stacey Cannon
Cannon Real Estate
Buyer's Agent
Andy Zoda
Coldwell Banker Real Estate Group
List Price
$93,000
Sold Price
$89,500
Premium/Discount to List
-$3,500
-3.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.52%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Available
Warranty Deed $141,000 None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $187,500 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2024 08/30/24 Sold $158,000 -7.0% $52 / Sq Ft
08/14/2024 08/14/24 Pending -- -- --
08/09/2024 08/09/24 For Sale $169,900 +20.5% $56 / Sq Ft
03/30/2021 03/30/21 Sold $141,000 -9.0% $47 / Sq Ft
12/30/2020 12/30/20 Pending -- -- --
09/23/2020 09/23/20 Price Changed $154,900 +1.3% $51 / Sq Ft
09/17/2020 09/17/20 Price Changed $152,900 -1.3% $51 / Sq Ft
06/17/2020 06/17/20 Price Changed $154,900 -3.1% $51 / Sq Ft
03/18/2020 03/18/20 For Sale $159,900 +78.7% $53 / Sq Ft
03/30/2016 03/30/16 Sold $89,500 -3.8% $31 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
07/10/2015 07/10/15 For Sale $93,000 -- $32 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,427 $167,200 $26,800 $140,400
2023 $2,212 $151,100 $26,800 $124,300
2022 $2,101 $129,800 $17,300 $112,500
2021 $2,019 $118,100 $17,300 $100,800
2020 $1,778 $112,700 $16,400 $96,300
2019 $1,673 $111,500 $16,400 $95,100
2018 $1,539 $108,900 $16,400 $92,500
2017 $1,522 $108,100 $16,400 $91,700
2016 $1,439 $108,100 $16,400 $91,700
2014 $1,588 $126,700 $17,300 $109,400
2013 $1,588 $120,500 $17,300 $103,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202430079

Indiana Regional MLS

APN: 27-09-10-201-035.000-013