NOT LISTED FOR SALE

1420 Quaker Ave Wabash, IN 46992

15 Beds
8 Baths
6,367 Sq Ft
0.37 Acres

Last Sold August 02, 2024

Last sale price $420,000 $66 Per Sq Ft

63 Days on Market

Highlights

  • Forced Air Heating System
  • Vinyl Flooring
  • 1-Story Property
  • Level Lot

About This Home

As of August 2024

Attention Investors! This fully occupied 8-unit apartment building presents a stable income opportunity. All units are currently leased, minimizing vacancy risk. The property offers a mix of seven 2-bedroom units and one efficient 1-bedroom unit, catering to a variety of renters. Each unit boasts refrigerators and ovens, with seven units offering washer and dryer access for added convenience. Gas-forced air heating and central AC provide year-round comfort for residents. Individual gas and electric meters ensure fair utility billing, while owner-paid water and gas simplify tenant expenses. Currently, the owner covers lawncare, gas and water, while the tenants cover electricity. The building has 7 gas meters and 8 electric meters.14 off-street parking spots ensure residents won't have to worry about parking hassles. This property is offered "as-is," allowing you to add your personal touch and maximize your return.

Last Agent to Sell the Property

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 05/29/2024

eXp Realty, LLC

Last Buyer's Agent

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 05/29/2024

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,274

Year Built

  • Built in 1964

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 100x162.5
  • Level Lot

Home Design

  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 6,367 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Laundry in Kitchen
  • Basement

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Full Bathrooms

Parking

  • 8 Parking Spaces
  • Off-Street Parking

Schools

  • Oj Neighbors Elementary School
  • Wabash Middle School
  • Wabash High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, heating, lawn maintenance, maintenance
  • Assessor Parcel Number 85-14-63-203-059.000-009

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $11,530
  • Insurance Expense $3,114
  • Maintenance Expense $1,600
  • Trash Expense $1,600
  • Water Sewer Expense $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,274

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Eightplex
  • Year Built: 1964
  • Age: 60
  • Style: One Story
  • Bedrooms: 15
  • Number Above Grade Bedrooms: 15
  • Total Bathrooms: 8
  • Total Full Bathrooms: 8
  • Legal Description: D W HUTCHENS LOTS 8 & 9 & E1/2 VAC ALLEY
  • Parcel Number ID: 85-14-63-203-059.000-009
  • Platted: Yes
  • Amenities: Off Street Parking
  • Sp Lp Percent: 87.52
  • Monthly Gross Income: 5937
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 6367
  • Total Finished Sq Ft: 6367
  • Above Grade Finished Sq Ft: 6367
  • Price Per Sq Ft: 65.97
  • Basement Foundation: Slab
  • Flooring: Vinyl
  • Number Of Ranges Ovens: 8

Exterior Features

  • Exterior: Block
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 11530
  • Annual Insurance Expense: 3114
  • Annual Maintenance Expense: 1600
  • Annual Trash Expense: 1600
  • Annual Water Sewer Expense: 3000
  • Number Electric Meters: 8
  • Number Gas Meters: 7
  • Number Of W D Hookups: 7
  • Number Water Meters: 1

Schools

  • School District: Wabash City Schools
  • Elementary School: OJ Neighbors
  • Middle School: Wabash
  • High School: Wabash
  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 100X162.5
  • Estimated Lot Sq Ft: 16250
  • Estimated Lot Size Acres: 0.37

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Heating, Lawn Maintenance, Maintenance
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 5937
  • Number Of Dryers: 7
  • Number Of Refrigerators: 8
  • Number Of Units: 8
  • Number Of Washers: 7
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 7
  • Num Of Units Rented: 8

Tax Info

  • Annual Property Tax: 1274

MLS Schools

  • High School: Wabash
  • Middle School: Wabash
  • School District: Wabash City Schools

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2024 08/02/24 Sold $420,000 -12.5% $66 / Sq Ft
05/31/2024 05/31/24 For Sale $479,900 -- $75 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jordan Wildman

    Seller's Agent in 2024

    Jordan Wildman

    eXp Realty, LLC

    (260) 498-0384

    238 Total Sales

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Map

Source: Indiana Regional MLS

MLS Number: 202419303

Indiana Regional MLS

Indiana Wabash County Wabash 46992

1420 Quaker Ave, Wabash, IN

This home is located at 1420 Quaker Ave, Wabash, IN 46992 since 29 May 2024. This property was built in 1964. 1420 Quaker Ave is a home located in Wabash County with nearby schools including O.J. Neighbours Elementary School, W C Mills Elementary School, and Wabash Middle School.

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.

Indiana Regional MLS 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.

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