NOT LISTED FOR SALE

509 S Main St Churubusco, IN 46723

11 Beds
11 Baths
6,032 Sq Ft
0.58 Acres

Last Sold June 18, 2021

Last sale price $450,000 $75 Per Sq Ft

22 Days on Market

Highlights

  • Corner Lot
  • Carpet
  • 1-Story Property
  • Baseboard Heating

About This Home

As of June 2021

This well-maintained Multi-family offers 11-1 bedroom units dispersed among 3 separate ranch buildings located on the corner of Main St & Maple Ln. Some of the improvements that make this a turnkey property is the vinyl & brick siding, New 3 tab roof installed in Oct 2020, beautiful landscaping, new vinyl &/or carpet in most units & more interior updates! See the improvements list under documents. Each unit has the same appealing floor plan. Churubusco, "Turtle Town USA", is just 20 mins northwest of downtown Fort Wayne! Churubusco also offers its residents a safe & flourishing environment w/ lively festivals like the "Busco Block Party" featuring food & live music, low unemployment, & strong manufacturing jobs like C & A Tool. These Apartments are in a great location being just seconds from the revitalized, quaint downtown & park. Tenants are within walking distance to shopping, pharmacy, & food like the local famous "Magic Wand Restaurant"- making this an easy to rent property. Run your numbers & quickly run to put in an offer on this terrific investment opportunity!

Last Agent to Sell the Property

Jihan Rachel Brooks

DRH Realty of Indiana, LLC Listed on: 05/16/2021

Co-Listed By

Daniel Brooks

Empower Property Group

Last Buyer's Agent

Marsha Byrum

RE/MAX Evolve

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,441

Year Built

  • Built in 1967

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 81 x 314
  • Corner Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 6,032 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Full Bathrooms

Parking

  • 18 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electric, water
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 92-04-13-530-006.000-010

Community Details

Overview

  • 3 Buildings
  • 11 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $240
  • Insurance Expense $3,526
  • Maintenance Expense $560
  • Trash Expense $59
  • Water Sewer Expense $6,339

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,441

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1967
  • Age: 54
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 11
  • Number Above Grade Bedrooms: 11
  • Total Bathrooms: 11
  • Total Full Bathrooms: 11
  • Legal Description: N2 LOT 6 DECKS 6TH ADDITION
  • Parcel Number ID: 92-04-13-530-006.000-010
  • Platted: Yes
  • Amenities: Off Street Parking, Water Heater Electric
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 102.39
  • Annual Miscellaneous: 5207
  • Monthly Gross Income: 4610
  • Special Features: None

Interior Features

  • Total Sq Ft: 6032
  • Total Finished Sq Ft: 6032
  • Above Grade Finished Sq Ft: 6032
  • Price Per Sq Ft: 74.6
  • Basement Foundation: Crawl
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Vinyl
  • Number Of Disposals: 11
  • Number Of Ranges Ovens: 11

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Asphalt
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 18
  • Parking: Off Street, Street

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Indiana Michigan Power
  • Annual Electric: 240
  • Annual Insurance Expense: 3526
  • Annual Maintenance Expense: 560
  • Annual Trash Expense: 58.56
  • Annual Water Sewer Expense: 6339.36
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Smith-Green Community
  • Elementary School: Churubusco
  • Middle School: Churubusco
  • High School: Churubusco

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 81 x 314
  • Estimated Lot Sq Ft: 25434
  • Estimated Lot Size Acres: 0.5839
  • Lot Number: 6

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Electric, Water

Tax Info

  • Total Assessed Value: 160500
  • Annual Property Tax: 4441

Multi Family

  • Gross Monthly Rent: 4924.92
  • Number Of Refrigerators: 11
  • Number Of Units: 11
  • Num Of1 Bedrooms: 11
  • Num Of Units Rented: 11

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $450,000 +2.4% $75 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
05/16/2021 05/16/21 For Sale $439,500 +73.7% $73 / Sq Ft
05/12/2016 05/12/16 Sold $253,000 -11.2% $42 / Sq Ft
03/17/2016 03/17/16 Pending -- -- --
01/21/2016 01/21/16 For Sale $285,000 -- $47 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jihan Rachel Brooks

    DRH Realty of Indiana, LLC

    (260) 760-1087

    66 Total Sales

    Jihan Rachel Brooks
    Section Image

  • D

    Seller Co-Listing Agent in 2021

    Daniel Brooks

    Empower Property Group

    (260) 222-1977

    16 Total Sales

    Daniel Brooks
    Section Image

  • M

    Buyer's Agent in 2021

    Marsha Byrum

    RE/MAX

  • Greg Fahl

    Seller's Agent in 2016

    Greg Fahl

    Orizon Real Estate, Inc.

    (260) 609-2503

    299 Total Sales

    Greg Fahl
    Section Image

  • B

    Buyer's Agent in 2016

    Bedford NonMember

    NonMember BED

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202117820

Indiana Regional MLS

Indiana Whitley County Churubusco 46723

509 S Main St, Churubusco, IN

This home is located at 509 S Main St, Churubusco, IN 46723 since 16 May 2021. This property was built in 1967. 509 S Main St is a home located in Whitley County with nearby schools including Churubusco Elementary School and Churubusco Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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