135 & 137 W Wayne St Spencer, IN 47460
Estimated payment $6,579/month
Highlights
- 0.4 Acre Lot
- Corner Lot
- Central Air
About This Home
Calling all investors! Looking for a stable, immediate cash flow property in excellent condition? This lot offers 5 Duplexes with upper/lower units and 1 site built home, all 11 units are currently rented out with a strong rental history and plenty of room for potential revenue. Gravel parking lots in front of the units allow for off street parking for each resident. All 11 units have 2 bedrooms & 1 bathroom, with individual porches for enjoyment, new metal roofs, and the current property manager does routine walk-throughs in Fall & Spring to keep up on repairs. The buildings are structurally in excellent condition making for a great investment.
Listing Agent
Keith Realty & Auction Group Brokerage Phone: 812-714-8250 Listed on: 02/07/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,276
Year Built
- Built in 1900
Lot Details
- 0.4 Acre Lot
- Corner Lot
Home Design
- Duplex
- Slab Foundation
- Vinyl Construction Material
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Schools
- Spencer Elementary School
- Owen Valley Middle School
- Owen Valley High School
Utilities
- Central Air
Listing and Financial Details
- Assessor Parcel Number 60-10-20-400-400.728-028
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,562 | $228,100 | $10,500 | $217,600 |
| 2023 | $4,562 | $228,100 | $10,500 | $217,600 |
| 2022 | $4,562 | $228,100 | $10,500 | $217,600 |
| 2021 | $4,562 | $228,100 | $10,500 | $217,600 |
| 2020 | $4,562 | $228,100 | $10,500 | $217,600 |
| 2019 | $4,562 | $228,100 | $10,500 | $217,600 |
| 2018 | $4,562 | $228,100 | $10,500 | $217,600 |
| 2017 | $4,592 | $229,600 | $12,000 | $217,600 |
| 2016 | $4,592 | $229,600 | $12,000 | $217,600 |
| 2014 | $4,592 | $229,600 | $12,000 | $217,600 |
| 2013 | -- | $229,600 | $12,000 | $217,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/07/2025 02/07/25 | For Sale | $1,150,000 | -- | $666 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Contract Of Sale | $740,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $0 | Seller Take Back |
Source: Indiana Regional MLS
MLS Number: 202504297
APN: 60-10-20-400-400.727-028
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