481 Alena St Wabash, IN 46992
Estimated payment $961/month
Total Views
9,883
6
Beds
3
Baths
2,400
Sq Ft
$62
Price per Sq Ft
Highlights
- Wood Flooring
- Level Lot
- 3-minute walk to Charley Creek Park
- Forced Air Heating System
About This Home
Investors 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
- 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
Map
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Home Values in the Area
Average Home Value in this Area
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 07/22/2020 07/22/20 | For Sale | $59,900 | -- | $24 / Sq Ft |
Source: Indiana Regional MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Personal Reps Deed | -- | None Available | |
| Special Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $97,500 | New Conventional | |
| Previous Owner | $47,920 | Commercial | |
| Previous Owner | $65,880 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Similar Home in Wabash, IN
Source: Indiana Regional MLS
MLS Number: 202508276
APN: 85-14-40-203-004.000-009
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