NOT LISTED FOR SALE

24 W Union St Wabash, IN 46992

7 Beds
4 Baths
3,936 Sq Ft
6,186 Sq Ft Lot

Last Sold November 04, 2024

Last sale price $168,000 $43 Per Sq Ft

153 Days on Market

Highlights

  • Laundry in Utility Room
  • Forced Air Heating and Cooling System
  • Level Lot

About This Home

As of November 2024

Calling all investors! This fully occupied fourplex in Wabash is a prime opportunity for a hands-off, income-generating property. The building boasts a desirable unit mix, featuring one spacious one-bedroom unit and three comfortable two-bedroom units. Each unit comes equipped with central air for year-round comfort, a refrigerator, oven, and washer dryer access. Currently, the owner covers lawncare and all utilities, with individual metering for both gas (3 meters) and electricity (3 meters). This provides flexibility for future rent adjustments and the potential to implement a RUBS system for even greater income optimization. Beyond the in-unit amenities, residents will appreciate the convenience of having 4 off-street parking spots. The desirable location near shops, restaurants, and entertainment further enhances the property's appeal. This property is offered "as-is," allowing you to add your personal touch and maximize your return. Don't miss this chance to own a stable investment!

Last Agent to Sell the Property

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 05/30/2024

eXp Realty, LLC

Last Buyer's Agent

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 05/30/2024

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,274

Year Built

  • Built in 1929

Lot Details

  • 6,186 Sq Ft Lot
  • Lot Dimensions are 66x94
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Partially Finished Basement

  • Stone or Rock in Basement
  • Crawl Space

Schools

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

Utilities

  • 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 85-14-11-302-140.000-009

Community Details

Overview

  • 4 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $11,751
  • Insurance Expense $1,557
  • Maintenance Expense $1,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,274

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1929
  • Age: 95
  • Style: Two Story
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: FRANCIS M EAGLES PT LOTS 5 & 6 .142AC
  • Parcel Number ID: 85-14-11-302-140.000-009
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 84.04
  • Monthly Gross Income: 2928
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 4428
  • Total Finished Sq Ft: 3936
  • Above Grade Finished Sq Ft: 3936
  • Below Grade Sq Ft: 492
  • Price Per Sq Ft: 42.68
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Stone
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 492
  • Number Of Ranges Ovens: 4
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Stone, Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 11751
  • Annual Insurance Expense: 1557
  • Annual Maintenance Expense: 1100
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 4
  • 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: 66X94
  • Estimated Lot Sq Ft: 6186
  • Estimated Lot Size Acres: 0.14

Rental Info

  • Lease Term: Week to Week
  • Owner Pays: Building Insurance, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Snow Removal, Deposit Value

Multi Family

  • Gross Monthly Rent: 3012
  • Number Of Dryers: 4
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 4
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 3
  • Num Of Units Rented: 4

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
11/04/2024 11/04/24 Sold $168,000 -16.0% $43 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
08/08/2024 08/08/24 Price Changed $199,900 -4.8% $51 / Sq Ft
06/18/2024 06/18/24 Price Changed $209,900 -8.7% $53 / Sq Ft
06/01/2024 06/01/24 For Sale $229,900 +3093.1% $58 / Sq Ft
04/12/2012 04/12/12 Sold $7,200 -63.8% $2 / Sq Ft
03/13/2012 03/13/12 Pending -- -- --
03/08/2012 03/08/12 For Sale $19,900 -- $5 / 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

    239 Total Sales

    Jordan Wildman
    Section Image

  • F

    Seller's Agent in 2012

    FORMER MRF AGENTS

    Metz Phillipy Real Estate

  • Robert Lundquist

    Buyer's Agent in 2012

    Robert Lundquist

    Lundquist Appraisals & Real Estate

    (260) 571-4653

    235 Total Sales

    Robert Lundquist
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202419483

Indiana Regional MLS

APN: 85-14-11-302-138.000-009

Indiana Wabash County Wabash 46992

24 W Union St, Wabash, IN

This home is located at 24 W Union St, Wabash, IN 46992 since 30 May 2024. This property was built in 1929. 24 W Union St 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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