290 -292 W Main St Wabash, IN 46992
3
Beds
3
Baths
2,064
Sq Ft
5,742
Sq Ft Lot
Highlights
- Corner Lot
- Forced Air Heating System
- 3-minute walk to Paradise Spring Historical Park & Riverwalk
About This Home
As of November 2024Investors seeking immediate rental income, look no further! This well-maintained triplex in Wabash, Indiana boasts recent exterior painting and three one-bedroom units. All units are fully occupied with flexible month-to-month leases and come equipped with a refrigerator and oven. The on-site garage provides ample storage for the owner. The building has 3 gas and 3 electric meters with the owner currently covering gas and water utilities and lawncare. Future rent adjustments and utility RUBS offer further income potential. This turnkey investment boasts established tenants and excellent income – a perfect addition to any investor's portfolio. The property is sold as-is.
Last Agent to Sell the Property
eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 05/30/2024
Last Buyer's Agent
eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 05/30/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,800
Year Built
- Built in 1910
Lot Details
- 5,742 Sq Ft Lot
- Lot Dimensions are 66x87
- Corner Lot
Home Design
- Triplex
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Schools
- Oj Neighbors Elementary School
- Wabash Middle School
- Wabash High School
Utilities
- Forced Air Heating System
Listing and Financial Details
- Tenant pays for cable, cooling, electric, fuel, heating, snow removal, deposit value
- The owner pays for building insurance, lawn maintenance, maintenance, tax, trash collection, water
- Assessor Parcel Number 85-14-11-303-035.000-009
Community Details
Overview
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $5,146
- Insurance Expense $1,168
- Maintenance Expense $840
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 30, 2024
Closed on
Nov 1, 2024
Sold by
Wabash Residences Llc
Bought by
Solberg Vanessa and Solberg Brent
Seller's Agent
Jordan Wildman
eXp Realty, LLC
Buyer's Agent
Jordan Wildman
eXp Realty, LLC
List Price
$189,900
Sold Price
$145,000
Premium/Discount to List
-$44,900
-23.64%
Total Days on Market
154
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,633
Avg. Annual Appreciation
-14.94%
Original Mortgage
$108,750
Outstanding Balance
$108,216
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$23,151
Purchase Details
Closed on
Oct 17, 2018
Sold by
Monroe Michael R and Monroe Lisa R
Bought by
Abundant Life Properties Llc
Similar Homes in Wabash, IN
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $145,000 | Centurion Land Title | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $108,750 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/04/2024 11/04/24 | Sold | $145,000 | -9.3% | $70 / Sq Ft |
| 11/01/2024 11/01/24 | Pending | -- | -- | -- |
| 08/08/2024 08/08/24 | Price Changed | $159,900 | -5.9% | $77 / Sq Ft |
| 06/18/2024 06/18/24 | Price Changed | $169,900 | -10.5% | $82 / Sq Ft |
| 05/31/2024 05/31/24 | For Sale | $189,900 | -- | $92 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $1,858 | $92,900 | $13,700 | $79,200 |
| 2023 | $1,800 | $90,000 | $13,700 | $76,300 |
| 2022 | $1,550 | $77,500 | $11,000 | $66,500 |
| 2021 | $1,270 | $63,500 | $11,000 | $52,500 |
| 2020 | $1,250 | $62,500 | $11,000 | $51,500 |
| 2019 | $1,168 | $58,400 | $11,000 | $47,400 |
| 2018 | $1,166 | $58,300 | $11,000 | $47,300 |
| 2017 | $1,218 | $59,700 | $11,000 | $48,700 |
| 2016 | $1,242 | $60,900 | $11,000 | $49,900 |
| 2014 | $1,168 | $61,200 | $11,000 | $50,200 |
| 2013 | $1,202 | $60,100 | $11,000 | $49,100 |
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
Map
Source: Indiana Regional MLS
MLS Number: 202419470
APN: 85-14-11-303-035.000-009
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