NOT LISTED FOR SALE

709 S Main St Salem, IN 47167

-- Bed
-- Bath
7,000 Sq Ft
0.84 Acres

Last Sold June 20, 2017

Last sale price $280,000 $40 Per Sq Ft

288 Days on Market

Highlights

  • 0.84 Acre Lot
  • Forced Air Heating and Cooling System
  • Carpet
  • Eat-In Kitchen
  • Community Storage Space

About This Home

As of June 2017

Great Investment Opportunity! This Property offers 4 fully leased units in one building and 3 fully leased units in the 2nd building with ample parking . 711-all units have gas heat, 709- 2 of 3 units use gas furnace. Call Mainstreet and invest in your future!

Last Agent to Sell the Property

Mary Finkle

Mainstreet Realtors Listed on: 06/29/2016

Last Buyer's Agent

Sherri Purkhiser

Day Company REALTORS

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,502

Year Built

  • Built in 1958

Lot Details

  • 0.84

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Eat-In Kitchen
  • Washer Hookup

Flooring

  • Carpet
  • Laminate

Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 20 Parking Spaces
  • Shared Driveway
  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Schools

  • Bradie M Shrum Elementary School
  • Salem Middle School
  • Salem High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • 0.84 Acre Lot
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, cooling, deposit value, electric, heating, sewer, trash collection, water
  • The owner pays for lawn maintenance, maintenance, snow removal, tax
  • Assessor Parcel Number 88-24-17-224-040.000-022

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Community Storage Space

Building Details

  • 7 Separate Electric Meters
  • 2 Separate Gas Meters
  • 7 Separate Water Meters
  • Insurance Expense $1,707
  • Maintenance Expense $5,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,502

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1958
  • Age: 59
  • Legal Description: 13-17-224-040.000-22 Lots 11 & 12 Casper Rhett 1st Add Pt Nw 17 2-4 .84ac |
  • Parcel Number ID: 88-24-17-224-040.000-022
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Storage, Eat-In Kitchen, Water Heater Electric, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 93.36
  • Annual Miscellaneous: 2000
  • Monthly Gross Income: 3375
  • Year Taxes Payable: 2016
  • Special Features: None

Interior Features

  • Total Sq Ft: 7000
  • Total Finished Sq Ft: 7000
  • Above Grade Finished Sq Ft: 6000
  • Below Grade Finished Sq Ft: 1000
  • Price Per Sq Ft: 46.67
  • Basement Foundation: Finished, Full Basement, Partial Basement, Unfinished
  • Basement Material: Block, Poured Concrete
  • Flooring: Carpet, Laminate, Mixed
  • Total Below Grade Sq Ft: 1000
  • Number Of Disposals: 7
  • Number Of Microwaves: 7
  • Number Of Ranges Ovens: 7

Exterior Features

  • Exterior: Brick
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Asphalt, Shared
  • Number Of Parking Spaces: 20
  • Parking: Lot, Paved

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: Midwest Natural Gas Corp
  • Cable Company: Dish Network, DirectTV, Spectrum
  • Annual Insurance Expense: 1707
  • Annual Maintenance Expense: 5000
  • Number Electric Meters: 7
  • Number Gas Meters: 2
  • Number Of W D Hookups: 7
  • Number Water Meters: 7

Schools

  • School District: Salem Community Schools
  • Elementary School: Bradie M Shrum
  • Middle School: Salem
  • High School: Salem
  • Elementary School: Bradie M Shrum

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: .84
  • Estimated Lot Sq Ft: 36590
  • Estimated Lot Size Acres: 0.84

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Maintenance, Snow Removal, Tax
  • Tenant Pays: Cable, Cooling, Deposit Value, Electric, Heating, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 3375
  • Number Of Dishwashers: 7
  • Number Of Refrigerators: 7
  • Number Of Units: 7
  • Num Of2 Bedrooms: 5
  • Number Of 3 Bedrooms: 2
  • Num Of Units Rented: 7

Tax Info

  • Annual Property Tax: 1502

MLS Schools

  • High School: Salem
  • Middle School: Salem
  • School District: Salem Community Schools

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 List to Sale Price per Sq Ft
06/20/2017 06/20/17 Sold $280,000 -6.6% $40 / Sq Ft
04/13/2017 04/13/17 Pending -- -- --
06/29/2016 06/29/16 For Sale $299,900 -- $43 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mary Finkle

    Seller's Agent in 2017

    Mary Finkle

    Mainstreet Realtors

    (812) 883-9555

    120 in this area

    456 Total Sales

    Mary Finkle
    Section Image

  • S

    Buyer's Agent in 2017

    Sherri Purkhiser

    Day Company REALTORS

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201631150

Indiana Regional MLS
Indiana Washington County Salem 47167

709 S Main St, Salem, IN

This home is located at 709 S Main St, Salem, IN 47167 since 29 June 2016. This property was built in 1958. 709 S Main St is a home located in Washington County with nearby schools including Bradie M. Shrum Lower Elementary School, Salem Middle School, and Salem 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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