295 W Main St Wabash, IN 46992
3
Beds
3
Baths
1,772
Sq Ft
2,178
Sq Ft Lot
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 2024Investors 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
eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 05/30/2024
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.60%
Original Mortgage
$93,750
Outstanding Balance
$93,144
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$67,772
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
$93,144
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$67,772
Purchase Details
Closed on
Oct 17, 2018
Sold by
Monroe Michael R and Monroe Lisa R
Bought by
Abundant Life Properties Llc
Similar Home in Wabash, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Special Warranty Deed | $125,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $93,750 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2025 06/21/25 | For Sale | $174,900 | +39.9% | $63 / 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
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
-
M
Seller's Agent in 2025
Manish Sharma
Coldwell Banker Real Estate Gr
(260) 413-5512
7 Total Sales
-
Seller's Agent in 2024
Jordan Wildman
eXp Realty, LLC
(260) 498-0384
240 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202419474
APN: 85-14-11-303-047.000-009
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