NOT LISTED FOR SALE

132 S 9th St Unit 132 1/2 S 9TH STREET Richmond, IN 47374

Estimated Value: $79,000 - $116,000

4 Beds
2 Baths
2,200 Sq Ft
$46/Sq Ft Est. Value

Last Sold December 01, 2016

Last sale price $39,900 $18 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $634/month

Highlights

  • 3 Car Detached Garage
  • Patio
  • Multiple Water Heaters
  • Porch
  • Central Air
  • 3-minute walk to Tenth Street Park

About This Home

As of December 2016

You will be amazed when you see the quality that this super high income earning renovated duplex located in Richmond's exciting downtown area has to offer. Recently updated by the current owner, this well cared for property boasts a cap rate of over 17% at the listed price. With commercial zoning this is a one of a kind opportunity. Call or text Kyle Tom @ 765-220-0199 to schedule your private showing.

Last Agent to Sell the Property

Kyle Tom

Coldwell Banker Lingle License #RB14021834 Listed on: 06/16/2015

Coldwell Banker Lingle

Last Buyer's Agent

Rhonda Duning

Coldwell Banker Lingle License #RB14041650

Coldwell Banker Lingle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $600

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x130

Parking

  • 3 Car Detached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Stick Built Home

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property
  • Non-Functioning Fireplace
  • Window Treatments
  • Unfinished Basement
  • Partial Basement
  • Electric Range
  • Washer and Dryer Hookup

Outdoor Features

  • Patio
  • Porch

Schools

  • Charles Elementary School
  • Test Middle School
  • Richmond High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Heat Pump System
  • Furnace
  • Separate Meters
  • Multiple Water Heaters
  • Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $600
  • Maintenance Expense $550
  • Utility Expense $500
  • Operating Expense $2,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$600

Year Built

Built in 1900

Lot Details

0

Listing Details

  • OFFICELIST_ADDRESS: 132 S 9TH STREET
  • Second Address Number: 132
  • Estimated Year Built: 1900
  • E X E M P T: None
  • F I N A N C I N G O F F E R E D: Cash, Conventional, FHA, FHA 1st Buyer, VA
  • Geo Address Line: 132 S 9th St
  • Geo Longitude: -84.8907318115234
  • Geo Primary City: Richmond
  • Geo Quality: 0.95
  • Geo Secondary City: Wayne Co.
  • Geo Subdivision: IN
  • Geo Zoom Level: 16
  • Improvements Valuation: 22,300
  • Land Valuation: 7,700
  • OFFICELIST_STATE: IN
  • Building Stories: 2
  • Tax Dup Number: 0299941000
  • Taxes Half: 300.00
  • Total Assessed Value: 30000
  • Cap Rate Percent: 17.2
  • Maintenance: 550
  • Number Two Bed Units: 2
  • Split Utilities: Yes
  • Unit 1 Appliances: Range-Electric, Refrigerator
  • Unit 1 Heat Type: Furnace, Gas
  • Unit 2 Appliances: Range-Electric, Refrigerator, Washer/Dryer Hookup
  • Unit 2 Heat Type: Electric, Heat Pump
  • Vac Cred: 550
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Total Number Rooms: 10
  • Amenities: Cable TV
  • Has Basement: Yes, Partial Basement, Unfinished
  • Fireplace: Non-Working
  • Price Per S Q F T: 18.14
  • Basement Type: Duplex
  • Window Treatments Stay: Some
  • Insulation: AMPLE

Exterior Features

  • Exterior Construction: Stick
  • Exterior: Brick
  • Foundation: Basement
  • Porch/Deck Type: Patio, Porch
  • Roof Age: 2011
  • Roof Type: Shingle

Garage/Parking

  • Garage Type: Garage-Detached, 3

Utilities

  • Air Conditioner: Central Air
  • Electric Company: Richmond Power and Light
  • Gas Company: Vectren Gas Company
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric, Gas
  • Insurance: 600
  • Number Water Heaters: 2
  • Utilities: 500

Condo/Co-op/Association

  • Number of Units: 2

Fee Information

  • Tax Class: MULTI-FAMILY
  • Taxes: 600

Schools

  • Elementary School: Charles
  • Middle School: Test
  • High School: Richmond
  • Elementary School: Charles
  • High School: Richmond
  • Middle School: Test

Lot Info

  • Geo Update Timestamp: 2016-12-02
  • Estimated Number Acres: 0.15
  • Land Contract: No
  • Lot Size: 50X130
  • Zoning: COMMERCIAL

Multi Family

  • Number Furnaces: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2021
Sold by
Kooiman James A and Kooiman Debra S
Bought by
Kooiman Investments Llc
Current Estimated Value
$100,436
Source: Public Records

Range of Values:

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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
Kooiman Investments Llc -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2016 12/01/16 Sold $39,900 -20.0% $18 / Sq Ft
11/17/2016 11/17/16 Pending -- -- --
06/16/2015 06/16/15 For Sale $49,900 -- $23 / Sq Ft
Source: Richmond Association of REALTORS®

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 $1,252 $62,600 $8,800 $53,800
2023 $1,104 $55,200 $7,700 $47,500
2022 $902 $45,100 $7,700 $37,400
2021 $834 $41,700 $7,700 $34,000
2020 $834 $41,700 $7,700 $34,000
2019 $796 $39,800 $7,700 $32,100
2018 $796 $39,800 $7,700 $32,100
2017 $746 $37,300 $7,700 $29,600
2016 $598 $29,900 $7,700 $22,200
2014 $600 $30,000 $7,700 $22,300
2013 $600 $28,500 $7,700 $20,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Richmond Association of REALTORS®

MLS Number: 10025661

APN: 89-18-05-220-721.000-030