NOT LISTED FOR SALE

103 W Walnut St Salem, IN 47167

8 Beds
4 Baths
1,742 Sq Ft
1,742 Sq Ft Lot

Last Sold September 01, 2016

Last sale price $120,000 $69 Per Sq Ft

55 Days on Market

Highlights

  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Carpet
  • Laundry closet

About This Home

As of September 2016

INVESTORS TAKE NOTE! Income producing property is ready to buy! Been looking to get into the rental business? This property would be a good way to get your toe in the door! 4 apartments! Call today!

Last Agent to Sell the Property

Mary Finkle

Mainstreet Realtors Listed on: 06/09/2016

Last Buyer's Agent

Mandy Chastain

Mainstreet REALTORS

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,502

Year Built

  • Built in 1900

Lot Details

  • 1,742

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,742 Sq Ft Home
  • 2-Story Property
  • Block Basement Construction
  • Fire and Smoke Detector
  • Eat-In Kitchen

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry closet
  • Washer Hookup

Parking

  • 8 Parking Spaces
  • On-Street Parking

Schools

  • Bradie M Shrum Elementary School
  • Salem Middle School
  • Salem High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • 1,742 Sq Ft Lot
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, cooling, deposit value, electric, fuel, heating, sewer, trash collection, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 88-24-17-331-092.001-022

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 2 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,707

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,502

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1900
  • Age: 116
  • Style: Two Story
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: 13-17-331-092.001-22 O.P. W PT OF S PT LOT 35 |
  • Parcel Number ID: 88-24-17-331-092.001-022
  • Platted: Yes
  • Amenities: Detector-Smoke, Eat-In Kitchen, Water Heater Electric, Washer Hook-Up
  • Cross Street: State Rd 135
  • Location: City/Town/Suburb
  • Sp Lp Percent: 96
  • Monthly Gross Income: 1790
  • Year Taxes Payable: 1502
  • Special Features: None

Interior Features

  • Total Sq Ft: 1742
  • Total Finished Sq Ft: 1742
  • Above Grade Finished Sq Ft: 1742
  • Price Per Sq Ft: 68.89
  • Basement Material: Block
  • Flooring: Carpet, Laminate, Vinyl
  • Number Of Microwaves: 4
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8
  • Parking: Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Gas Company: Midwest Natural Gas Corp
  • Cable Company: Dish Network, DirectTV, Spectrum
  • Annual Insurance Expense: 1707
  • Number Electric Meters: 4
  • Number Gas Meters: 2
  • Number Of W D Hookups: 4
  • Number Water Meters: 4

Schools

  • School District: Salem Community Schools
  • Elementary School: Bradie M Shrum
  • Middle School: Salem
  • High School: Salem
  • Elementary School: Bradie M Shrum

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: .04
  • Estimated Lot Sq Ft: 1742
  • Estimated Lot Size Acres: 0.04

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cable, Cooling, Deposit Value, Electric, Fuel, Heating, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1790
  • Number Of Dishwashers: 4
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of2 Bedrooms: 4
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1502

MLS Schools

  • High School: Salem
  • Middle School: Salem
  • School District: Salem Community Schools

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2016 09/01/16 Sold $120,000 -4.0% $69 / Sq Ft
08/03/2016 08/03/16 Pending -- -- --
06/09/2016 06/09/16 For Sale $125,000 -- $72 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201628318

Indiana Regional MLS