NOT LISTED FOR SALE

295 W Main St Wabash, IN 46992

Estimated Value: $156,000 - $174,000

3 Beds
3 Baths
1,772 Sq Ft
$94/Sq Ft Est. Value

Last Sold September 16, 2024

Last sale price $125,000 $71 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,011/month

97 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • 3-minute walk to Paradise Spring Historical Park & Riverwalk
  • Laundry in Utility Room

About This Home

As of September 2024

Investors seeking immediate rental income, look no further! This well-maintained triplex in Wabash, Indiana boasts three one-bedroom units, fully occupied with extensive tenancy. All units come equipped with a refrigerator, oven, and two units include access to washer and dryer facilities. Central air plus gas-forced heating ensures comfort. The on-site garage provides ample storage for the owner. The building has 1 gas and 2 electric meters with the owner currently covering all 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

Jordan Wildman

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

eXp Realty, LLC

Last Buyer's Agent

Manish Sharma

Coldwell Banker Real Estate Gr

Coldwell Banker Real Estate Gr

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,582

Year Built

  • Built in 1910

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 33x66
  • Corner Lot

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

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 85-14-11-303-047.000-009

Community Details

Overview

  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $5,640
  • Insurance Expense $1,168
  • Maintenance Expense $1,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,582

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1910
  • Style: Two Story
  • Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: WESTERN W1/2 N1/2 LOT 42
  • Parcel Number ID: 85-14-11-303-047.000-009
  • Platted: Yes
  • Amenities: Basement
  • Special Features: RealEstateOwned

Interior Features

  • Total Sq Ft: 2788
  • Total Finished Sq Ft: 1772
  • Above Grade Finished Sq Ft: 1772
  • Below Grade Sq Ft: 1016
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 1016
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 5640
  • Annual Insurance Expense: 1168
  • Annual Maintenance Expense: 1300
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Schools

  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 33X66
  • Estimated Lot Sq Ft: 2178
  • Estimated Lot Size Acres: 0.05
  • Lot Number: 42

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

Tax Info

  • Annual Property Tax: 1582

Multi Family

  • Number Of Dryers: 2
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 3

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Oct 16, 2024
Sold by
Chauhan Jitendrakumar and Chauhan Hiralbahen
Bought by
Ad Home Rentals Llc
Seller's Agent
Jordan Wildman
eXp Realty, LLC
Buyer's Agent
Manish Sharma
Coldwell Banker Real Estate Gr
List Price
$169,900
Sold Price
$125,000
Premium/Discount to List
-$44,900
-26.43%
Views
49
Current Estimated Value
$166,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,729
Avg. Annual Appreciation
27.65%
Original Mortgage
$93,750
Outstanding Balance
$92,696
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$74,033

Purchase Details

Listed on
May 30, 2024
Closed on
Sep 11, 2024
Sold by
Wabash Residences Llc
Bought by
Chauhan Jitendrakumar
Seller's Agent
Jordan Wildman
eXp Realty, LLC
Buyer's Agent
Manish Sharma
Coldwell Banker Real Estate Gr
List Price
$169,900
Sold Price
$125,000
Premium/Discount to List
-$44,900
-26.43%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Outstanding Balance
$92,696
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$74,033

Purchase Details

Closed on
Oct 17, 2018
Sold by
Monroe Michael R and Monroe Lisa R
Bought by
Abundant Life Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ad Home Rentals Llc -- None Listed On Document
Chauhan Jitendrakumar $125,000 None Listed On Document
Abundant Life Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chauhan Jitendrakumar $93,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2024 09/16/24 Sold $125,000 -10.7% $71 / Sq Ft
08/08/2024 08/08/24 Price Changed $139,900 -6.7% $79 / Sq Ft
06/18/2024 06/18/24 Price Changed $149,900 -11.8% $85 / Sq Ft
06/01/2024 06/01/24 For Sale $169,900 -- $96 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

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 $1,640 $82,000 $3,000 $79,000
2023 $1,582 $79,100 $3,000 $76,100
2022 $1,444 $72,200 $2,400 $69,800
2021 $1,324 $66,200 $2,400 $63,800
2020 $1,300 $65,000 $2,400 $62,600
2019 $1,242 $62,100 $2,400 $59,700
2018 $1,240 $62,000 $2,400 $59,600
2017 $1,226 $60,100 $2,400 $57,700
2016 $1,250 $61,300 $2,400 $58,900
2014 $1,156 $60,600 $2,400 $58,200
2013 $1,186 $59,300 $2,400 $56,900
Source: Public Records

Agents Affiliated with this Home

  • Jordan Wildman

    Seller's Agent in 2024

    Jordan Wildman

    eXp Realty, LLC

    (260) 498-0384

    14 in this area

    260 Total Sales

    Jordan Wildman
    Section Image

  • M

    Buyer's Agent in 2024

    Manish Sharma

    Coldwell Banker Real Estate Gr

    (260) 413-5512

    1 in this area

    8 Total Sales

    Manish Sharma
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202419474

Indiana Regional MLS

APN: 85-14-11-303-047.000-009

Indiana Wabash County Wabash 46992

295 W Main St, Wabash, IN

Not Listed for Sale

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