T
Seller's Agent in 2020
Thomas Grizzle
Hoosier Pros LLC
(260) 571-0705
3 in this area
7 Total Sales
481 Alena St Wabash, IN 46992
6
Beds
3
Baths
2,400
Sq Ft
5,663
Sq Ft Lot
Highlights
- Wood Flooring
- Level Lot
- 3-minute walk to Charley Creek Park
- Forced Air Heating System
About This Home
As of July 2025Investors seeking immediate rental income, look no further! This fully occupied 3-unit apartment building presents a stable income opportunity. All units are currently leased, minimizing vacancy risk. The property offers two 1-bedroom units’ downstairs and a large 4-bedroom unit upstairs. You will have peace of mind knowing the gas furnace was replaced in 2022. Currently, the owner covers lawncare, gas, water, & sewer while the tenants cover their own electricity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,497
Year Built
- Built in 1930
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 51x113
- Level Lot
Parking
- On-Street Parking
Home Design
- Triplex
- Shingle Roof
- Metal Roof
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
- Laminate Countertops
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Schools
- Oj Neighbors Elementary School
- Wabash Middle School
- Wabash High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
- Electric Water Heater
Listing and Financial Details
- Tenant pays for cable, electric
- The owner pays for building insurance, heating, lawn maintenance, maintenance, sewer, tax, water
- Assessor Parcel Number 85-14-40-203-004.000-009
Community Details
Overview
- 3 Units
Building Details
- 4 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $432
- Fuel Expense $1,116
- Insurance Expense $1,200
- Water Sewer Expense $2,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 14, 2025
Closed on
Jul 14, 2025
Sold by
Eaglewood Property Solutions Llc
Bought by
Harrison Terry and Harrison Nicole
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%
Views
54
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
-$798
Avg. Annual Appreciation
-1.31%
Original Mortgage
$108,750
Outstanding Balance
$108,566
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$35,636
Purchase Details
Closed on
Oct 25, 2022
Sold by
Holtze Family Trust
Bought by
Eaglewood Property Solutions Llc
Purchase Details
Listed on
Jul 22, 2020
Closed on
Aug 20, 2020
Sold by
Cosby James E and Estate Of Mary Lou Cosby
Bought by
Holtze Kim and Holtze Angela Hansen
Seller's Agent
Thomas Grizzle
Hoosier Pros LLC
Buyer's Agent
Amy Brown
Heartland Real Estate Brokers
List Price
$59,900
Sold Price
$59,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.96%
Original Mortgage
$47,920
Interest Rate
3%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 10, 2007
Sold by
Deutsche Bank National Trust Co
Bought by
Cosby Mary Gibson
Purchase Details
Closed on
Jan 28, 2005
Sold by
Watson Anthony W
Bought by
Adams Charles T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,880
Interest Rate
9.55%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Personal Reps Deed | -- | None Available | |
| Special Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $108,750 | New Conventional | |
| Previous Owner | $47,920 | Commercial | |
| Previous Owner | $65,880 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/14/2025 07/14/25 | Sold | $145,000 | -3.3% | $60 / Sq Ft | |
| 06/29/2025 06/29/25 | Pending | -- | -- | -- | |
| 03/14/2025 03/14/25 | For Sale | $150,000 | +150.4% | $63 / Sq Ft | |
| 08/21/2020 08/21/20 | Sold | $59,900 | 0.0% | $24 / Sq Ft | View Prior Sale |
| 07/22/2020 07/22/20 | For Sale | $59,900 | -- | $24 / 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 | $1,522 | $76,100 | $9,600 | $66,500 |
| 2023 | $1,473 | $73,600 | $9,600 | $64,000 |
| 2022 | $1,811 | $90,500 | $6,700 | $83,800 |
| 2021 | $1,623 | $81,100 | $6,700 | $74,400 |
| 2020 | $1,595 | $79,700 | $6,700 | $73,000 |
| 2019 | $1,553 | $77,600 | $6,700 | $70,900 |
| 2018 | $1,495 | $74,700 | $6,700 | $68,000 |
| 2017 | $1,505 | $74,000 | $6,700 | $67,300 |
| 2016 | $1,507 | $74,100 | $6,700 | $67,400 |
| 2014 | $1,443 | $75,600 | $6,700 | $68,900 |
| 2013 | $1,521 | $76,000 | $6,700 | $69,300 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas Grizzle
-
Kristi Lundquist
Seller Co-Listing Agent in 2020
Kristi Lundquist
Lundquist Appraisals & Real Estate
(260) 571-4652
43 in this area
80 Total Sales
-
Amy Brown
Buyer's Agent in 2020
Amy Brown
Heartland Real Estate Brokers
(260) 571-9109
24 in this area
71 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202508276
APN: 85-14-40-203-004.000-009
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