135 W Wayne St Spencer, IN 47460
Estimated payment $6,651/month
About This Home
Calling all investors! Looking for a stable, immediate cash flow property in great 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 great condition making for a great investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,276
Year Built
- Built in 1995
Lot Details
- 0.4 Acre Lot
- Additional Parcels
Home Design
- Duplex
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Schools
- Spencer Elementary School
- Owen Valley Middle School
- Owen Valley Community High School
Utilities
- Central Air
Listing and Financial Details
- The owner pays for insurance, taxes, sewer
- Tax Lot 0.4
- Assessor Parcel Number 601020400400728028
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 | $1,714 | $85,700 | $10,500 | $75,200 |
| 2023 | $1,714 | $85,700 | $10,500 | $75,200 |
| 2022 | $1,714 | $85,700 | $10,500 | $75,200 |
| 2021 | $1,714 | $85,700 | $10,500 | $75,200 |
| 2020 | $1,722 | $86,000 | $10,500 | $75,500 |
| 2019 | $1,722 | $86,000 | $10,500 | $75,500 |
| 2018 | $1,722 | $86,000 | $10,500 | $75,500 |
| 2017 | $1,749 | $87,400 | $12,000 | $75,400 |
| 2016 | $1,749 | $87,400 | $12,000 | $75,400 |
| 2014 | $1,749 | $87,400 | $12,000 | $75,400 |
| 2013 | -- | $87,400 | $12,000 | $75,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/07/2025 02/07/25 | For Sale | $1,150,000 | -- | -- |
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: MIBOR Broker Listing Cooperative®
MLS Number: 22021289
APN: 60-10-20-400-400.728-028
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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