127 Elm St Wabash, IN 46992
Highlights
- Covered patio or porch
- Forced Air Heating and Cooling System
- Level Lot
- Laundry in Utility Room
About This Home
As of July 2024Investors, this fully occupied fourplex in Wabash is a turnkey income property waiting for you! Each of the four spacious one-bedroom units boasts a refrigerator, oven, and access to a brand new, shared laundry room. Peace of mind comes with recently replaced HVAC (furnace and AC) and a new water heater, minimizing maintenance needs. The owner currently covers lawncare and all utilities (1 meter for each utility), future rent adjustments and the potential to implement a RUBS system present exciting opportunities to maximize your income. Residents will love the convenience of not only their in-unit amenities but also the 3 off-street parking spots and the desirable location near shops, restaurants, and entertainment. The property is sold "as-is," allowing you to add your own value and personalize this stable investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,042
Year Built
- Built in 1910
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 66x132
- Level Lot
Parking
- 6 Parking Spaces
Home Design
- Quadruplex
- Vinyl Construction Material
Interior Spaces
- 2,490 Sq Ft Home
- 2-Story Property
- Laundry in Utility Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Basement
- Block Basement Construction
- 4 Bedrooms in Basement
- Crawl Space
Schools
- Oj Neighbors Elementary School
- Wabash Middle School
- Wabash High School
Additional Features
- Covered patio or porch
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tenant pays for cable, snow removal, deposit value
- The owner pays for building insurance, cooling, electric, fuel, heating, lawn maintenance, maintenance, sewer, tax, trash collection, water
- Assessor Parcel Number 85-14-11-401-018.000-009
Community Details
Overview
- 4 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Fuel Expense $4,340
- Insurance Expense $1,557
- Maintenance Expense $800
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/08/2024 10/08/24 | Off Market | $750 | -- | -- |
| 09/20/2024 09/20/24 | For Rent | $750 | 0.0% | -- |
| 07/12/2024 07/12/24 | Sold | $220,000 | -8.3% | $88 / Sq Ft |
| 05/31/2024 05/31/24 | For Sale | $239,900 | 0.0% | $96 / Sq Ft |
| 05/30/2024 05/30/24 | Price Changed | $239,900 | -- | $96 / Sq Ft |
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 | $2,112 | $105,600 | $16,500 | $89,100 |
| 2023 | $2,042 | $102,100 | $16,500 | $85,600 |
| 2022 | $1,754 | $87,700 | $13,200 | $74,500 |
| 2021 | $1,622 | $81,100 | $13,200 | $67,900 |
| 2020 | $1,596 | $79,800 | $13,200 | $66,600 |
| 2019 | $1,486 | $74,300 | $13,200 | $61,100 |
| 2018 | $1,482 | $74,100 | $13,200 | $60,900 |
| 2017 | $1,552 | $76,400 | $13,200 | $63,200 |
| 2016 | $1,576 | $77,600 | $13,200 | $64,400 |
| 2014 | $1,494 | $78,300 | $13,200 | $65,100 |
| 2013 | $1,536 | $76,800 | $13,200 | $63,600 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $512,000 | New Conventional | |
| Previous Owner | $1,016,320 | New Conventional | |
| Previous Owner | $37,500 | Future Advance Clause Open End Mortgage |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $160,000 | None Listed On Document | |
| Warranty Deed | $75,000 | Hardig Edward W | |
| Quit Claim Deed | -- | None Available | |
| Deed | $65,000 | -- | |
| Sheriffs Deed | $68,123 | -- |
Source: Indiana Regional MLS
MLS Number: 202419419
APN: 85-14-11-401-018.000-009
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.