NOT LISTED FOR SALE

1220 Main St Vincennes, IN 47591

Estimated Value: $167,000 - $194,000

3 Beds
3 Baths
2,052 Sq Ft
$87/Sq Ft Est. Value

Last Sold July 23, 2021

Last sale price $145,000 $71 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,262/month

1 Day on Market

Highlights

  • Covered patio or porch
  • Eat-In Kitchen
  • Double Pane Windows
  • Balcony
  • Storm Windows
  • Forced Air Heating and Cooling System

About This Home

As of July 2021

Here's your chance to own a very unique, newly renovated 'turn-key' investment property. The 2,000+ sf building consists of 3 one bedroom apartments. Each apartment is metered separately for electricity and comes with their own heating and cooling system. Also included are new stoves, refrigerators and dishwashers, plus, each unit has its own washer and dryer hookups. Several income opportunities include: 1) simply using them as 3 monthly rented apartments. 2) Furnishing them and using them for short term rentals or airbnb. 3) Living in one and renting out the others for income or to pay for the mortgage. 4) Converting to condos and selling individually.

Last Listed By

Joyce Buckels

KLEIN RLTY&AUCTION, INC. Listed on: 07/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,329

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Laminate Flooring
  • Storm Windows
  • Washer Hookup
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Covered patio or porch

Additional Features

  • Suburban Location
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating
  • The owner pays for lawn maintenance, water
  • Assessor Parcel Number 42-12-28-105-004.000-022

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,329

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 121
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: CLARK SD LOT 5
  • Parcel Number ID: 42-12-28-105-004.000-022
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Balcony, Countertops-Laminate, Eat-In Kitchen, Porch Covered, Porch Open, Washer Hook-Up
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Special Features: None

Interior Features

  • Total Sq Ft: 3006
  • Total Finished Sq Ft: 2052
  • Above Grade Finished Sq Ft: 2052
  • Below Grade Sq Ft: 954
  • Price Per Sq Ft: 70.66
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Laminate
  • Total Below Grade Sq Ft: 954
  • Number Of Ranges Ovens: 3

Exterior Features

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

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Water Company: Vincennes Water Utilities
  • Cable Company: Cinergy MetroNet
  • Hvac: Ceiling Fan
  • Number Electric Meters: 3
  • Number Of W D Hookups: 3
  • Number Water Meters: 1

Schools

  • School District: Vincennes Community School Corp.
  • Elementary School: Vigo
  • Middle School: Clark
  • High School: Lincoln

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: Rectangular
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows, Storm Windows

Rental Info

  • Owner Pays: Lawn Maintenance, Water
  • Tenant Pays: Cable, Cooling, Electric, Heating

Multi Family

  • Number Of Dishwashers: 3
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Jul 23, 2021
Sold by
Equitypoint Fund Ii Llc
Bought by
Parmenter Nicholas R
Seller's Agent
Joyce Buckels
KLEIN RLTY&AUCTION, INC.
Buyer's Agent
Joyce Buckels
KLEIN RLTY&AUCTION, INC.
List Price
$145,000
Sold Price
$145,000
Total Days on Market
1
Current Estimated Value
$177,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,660

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 Buyer Sale Price Title Company
Parmenter Nicholas R $145,000 Near North Title Group
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2021 07/23/21 Sold $145,000 0.0% $71 / Sq Ft
07/10/2021 07/10/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $145,000 -- $71 / 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 $3,329 $161,300 $7,100 $154,200
2023 $3,128 $151,400 $7,100 $144,300
2022 $2,761 $134,500 $7,100 $127,400
2021 $1,200 $58,400 $7,100 $51,300
2020 $1,501 $73,200 $7,100 $66,100
2019 $1,481 $71,400 $6,900 $64,500
2018 $1,461 $70,500 $6,900 $63,600
2017 $1,447 $69,600 $6,900 $62,700
2016 $1,447 $69,600 $6,900 $62,700
2014 $1,367 $66,900 $6,900 $60,000
2013 $1,374 $66,600 $700 $65,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202127211

Indiana Regional MLS

APN: 42-12-28-105-004.000-022