NOT LISTED FOR SALE

409 S 14th St Unit 411 S 14TH STREET Richmond, IN 47374

Estimated Value: $119,000 - $145,638

3 Beds
1 Bath
3,248 Sq Ft
$40/Sq Ft Est. Value

Last Sold June 21, 2019

Last sale price $16,900 $5 Per Sq Ft

Est. 666% increase in value since last sale

Current estimated payment $821/month

159 Days on Market

Highlights

  • Covered Patio or Porch
  • Baseboard Heating
  • Storage Shed
  • Detached Garage
  • Multiple Water Heaters

About This Home

As of June 2019

Exceptional opportunity to own 2 rental units on a quiet street in the heart of Richmond’s southeast side. You’ll be amazed when you walk-in and see the minimal work needed on this 2-unit investment property. If cash flow is what you are looking for you’ve found your match, with two 3 bedroom units this property has a gross cash flow of nearly $13,000.00 a year and a cap rate of nearly 22%. Perfect investment for first time investor or a seasoned investor. This property needs some updates, but is perfect for the sweat equity investor. Call or text Kyle Tom today @ 765.220.0199 for your private tour or visit kyletom.com for additional details.

Last Agent to Sell the Property

Kyle Tom

Coldwell Banker Lingle License #RB14021834 Listed on: 12/28/2018

Coldwell Banker Lingle

Last Buyer's Agent

Kyle Tom

Coldwell Banker Lingle License #RB14021834 Listed on: 12/28/2018

Coldwell Banker Lingle

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 42x165

Parking

  • Detached Garage

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Aluminum Siding
  • Stick Built Home

Interior Spaces

  • 3,248 Sq Ft Home
  • 2-Story Property
  • Non-Functioning Fireplace
  • Window Treatments
  • Basement

Outdoor Features

  • Covered Patio or Porch
  • Storage Shed

Schools

  • Vaile Elementary School
  • Test Middle School
  • Richmond High School

Utilities

  • Baseboard Heating
  • Separate Meters
  • Multiple Water Heaters
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $800
  • Maintenance Expense $1,260
  • Utility Expense $400
  • Professional Management Expense $1,260
  • Operating Expense $1,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • OFFICELIST_ADDRESS: 409 S 14th street
  • Second Address Number: 409
  • Estimated Year Built: 1910
  • Directions: JUST NORTH OF E STREET ON SOUTH 14TH
  • E X E M P T: None
  • F I N A N C I N G O F F E R E D: Cash, Conventional
  • Geo Longitude: -86.2755916122685
  • Geo Match Code: 3
  • Geo Matched Method: 5
  • Geo Quality: 1
  • Geo Zoom Level: 20
  • Improvements Valuation: 54900
  • Land Valuation: 3300
  • OFFICELIST_STATE: IN
  • Building Stories: 2
  • Tax Dup Number: 0294563200
  • Taxes Half: 575.99
  • Total Assessed Value: 58200
  • Cap Rate Percent: 22
  • Maintenance: 1260
  • Net Operating Expenses: 5486
  • Number Three Bed Units: 2
  • Split Utilities: Yes
  • Storage Building: YES
  • Unit 1 Heat Type: Baseboard, Electric
  • Unit 2 Heat Type: Baseboard, Electric
  • Vac Cred: 1260
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Total Number Rooms: 14
  • Amenities: Cable TV
  • Has Basement: Yes
  • Fireplace: Non-Working
  • Price Per S Q F T: 5.2
  • Basement Type: Duplex
  • Window Treatments Stay: All
  • Insulation: AMPLE

Exterior Features

  • Exterior Construction: Stick
  • Exterior: Aluminum, Frame
  • Foundation: Basement
  • Porch/Deck Type: Covered, Porch
  • Roof Age: 2007
  • Roof Type: Asphalt, Shingle

Garage/Parking

  • Driveway: OFF STREET
  • Garage Type: Garage-Detached

Utilities

  • Electric Company: Richmond Power and Light
  • Gas Company: None
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric
  • Insurance: 800
  • Number Water Heaters: 2
  • Utilities: 400

Condo/Co-op/Association

  • Management: 1260
  • Number of Units: 2

Fee Information

  • Tax Class: MULTI-FAMILY
  • Taxes: 1152

Schools

  • Elementary School: Vaile
  • Middle School: Test
  • High School: Richmond
  • Elementary School: Vaile
  • High School: Richmond
  • Middle School: Test

Lot Info

  • Geo Update Timestamp: 2018-12-28
  • Estimated Number Acres: 0.16
  • Land Contract: No
  • Lot Size: 42X165
  • Zoning: RESIDENTIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2022
Sold by
Paula Gagnier
Bought by
Tdm Investments Inc
Current Estimated Value
$129,410

Purchase Details

Listed on
Dec 28, 2018
Closed on
Jun 21, 2019
Sold by
Good News Habitat For Hum
Bought by
Gagnier Paula
Seller's Agent
Kyle Tom
Coldwell Banker Lingle
Buyer's Agent
Kyle Tom
Coldwell Banker Lingle
List Price
$24,900
Sold Price
$16,900
Premium/Discount to List
-$8,000
-32.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.57%
Source: Public Records

Range of Values:

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Average Value
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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
Tdm Investments Inc $115,000 Parker Craig C
Gagnier Paula -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2019 06/21/19 Sold $16,900 -32.1% $5 / Sq Ft
06/05/2019 06/05/19 Pending -- -- --
12/28/2018 12/28/18 For Sale $24,900 -- $8 / Sq Ft
Source: Richmond Association of REALTORS®

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 $1,390 $110,900 $3,800 $107,100
2023 $1,956 $97,800 $3,300 $94,500
2022 $1,298 $64,900 $3,300 $61,600
2021 $1,194 $59,700 $3,300 $56,400
2020 $1,194 $59,700 $3,300 $56,400
2019 $1,166 $58,300 $3,300 $55,000
2018 $1,164 $58,200 $3,300 $54,900
2017 $1,152 $57,600 $3,300 $54,300
2016 $1,152 $57,600 $3,300 $54,300
2014 $1,228 $61,400 $3,300 $58,100
2013 $1,228 $59,300 $3,300 $56,000
Source: Public Records

Agents Affiliated with this Home

  • Kyle Tom

    Seller's Agent in 2019

    Kyle Tom

    Coldwell Banker Lingle

    (765) 220-0199

    380 Total Sales

    Kyle Tom
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Map

Source: Richmond Association of REALTORS®

MLS Number: 10035133

APN: 89-18-04-140-725.000-030

Indiana Wayne County Richmond 47374

409 S 14th St Unit 411 S 14TH STREET, Richmond, IN

This home is located at 409 S 14th St Unit 411 S 14TH STREET, Richmond, IN 47374 since 28 December 2018 and is currently estimated at $129,410, approximately $39 per square foot. This property was built in 1910. 409 S 14th St Unit 411 S 14TH STREET is a home located in Wayne County with nearby schools including Vaile Elementary School, Dennis Intermediate School, and Richmond High School.

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