NOT LISTED FOR SALE

83-87 N Wabash St Wabash, IN 46992

Estimated Value: $54,000 - $239,000

5 Beds
4 Baths
3,178 Sq Ft
$50/Sq Ft Est. Value

Last Sold December 05, 2014

Last sale price $22,500 $7 Per Sq Ft

Est. 605% increase in value since last sale

Current estimated payment $943/month

32 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Forced Air Heating System
  • Corner Lot
  • Covered Deck

About This Home

As of December 2014

4-unit apartment building priced at $28,500!! Good cash flow. Only 2 blocks north of downtown Wabash. 3 ground floor units and one 2nd floor unit. Unit # 1 rents for $165/week. Unit # 2 rents for $125/week. Unit # 3 rents for $150/week and unit # 4 rents for $125/week. Owner currently pays all utilities. Range and refrigerators furnished. If tenants want to use window air conditioners there is an additional charge of $10/week. If tenants want to use a washer and dryer in their units there is an additional charge of $10/week.

Last Agent to Sell the Property

Robert Lundquist

Lundquist Appraisals & Real Estate Listed on: 10/27/2014

Last Buyer's Agent

Robert Lundquist

Lundquist Appraisals & Real Estate Listed on: 10/27/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 7,544 Sq Ft Lot
  • Lot Dimensions are 82 x 92
  • Corner Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Partially Finished Basement

  • Stone or Rock in Basement
  • Crawl Space

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Covered Deck
  • Porch

Location

  • Suburban Location

Schools

  • Oj Neighbors Elementary School
  • Wabash Middle School
  • Wabash High School

Utilities

  • Forced Air Heating System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for electric, heating, lawn maintenance, maintenance, snow removal, sewer, water
  • Assessor Parcel Number 85-14-11-302-127.000-009

Community Details

Overview

  • 2 Buildings
  • 4 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,128
  • Fuel Expense $4,236
  • Insurance Expense $430
  • Water Sewer Expense $1,103

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1910
  • Style: Two Story
  • Bedrooms: 5
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: OP Lot 189 & W 16' Lot 190 |
  • Parcel Number ID: 85-14-11-302-127.000-009
  • Platted: Yes
  • Amenities: Basement, Cable Available, Deck Covered, Porch Open, Water Heater Gas
  • Cross Street: Sinclair St
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Special Features: None

Interior Features

  • Total Sq Ft: 3560
  • Total Finished Sq Ft: 3178
  • Above Grade Finished Sq Ft: 3178
  • Below Grade Sq Ft: 382
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Unfinished
  • Basement Material: Stone
  • Flooring: Carpet, Vinyl Tile, Wood
  • Main Level Sq Ft: 1532
  • Total Below Grade Sq Ft: 382
  • Number Of Ranges Ovens: 4

Exterior Features

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

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 2
  • Parking: Off Street, Street

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: NIPSCO
  • Water Company: Indiana American Water Co
  • Cable Company: Cinergy MetroNet, Comcast
  • Annual Electric: 3128
  • Annual Fuel Expense: 4236
  • Annual Insurance Expense: 430
  • Annual Water Sewer Expense: 1103
  • Number Electric Meters: 4
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 82 x 92
  • Estimated Lot Sq Ft: 7544
  • Estimated Lot Size Acres: 0.17

Rental Info

  • Lease Term: Week to Week
  • Owner Pays: Electric, Heating, Lawn Maintenance, Maintenance, Snow Removal, Sewer, Water

Tax Info

  • Annual Property Tax: 1504

Multi Family

  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1

MLS Schools

  • High School: Wabash
  • Middle School: Wabash
  • School District: Wabash City Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2014
Closed on
Nov 17, 2014
Sold by
Meagher Marylou
Bought by
Cahal Llc
Seller's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
Buyer's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
List Price
$28,500
Sold Price
$22,500
Premium/Discount to List
-$6,000
-21.05%
Current Estimated Value
$158,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,167
Avg. Annual Appreciation
19.41%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cahal Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2014 12/05/14 Sold $22,500 -21.1% $7 / Sq Ft
11/28/2014 11/28/14 Pending -- -- --
10/27/2014 10/27/14 For Sale $28,500 -- $9 / Sq Ft
Source: Indiana Regional MLS

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 $1,320 $66,000 $17,600 $48,400
2023 $1,282 $64,100 $17,600 $46,500
2022 $1,092 $54,600 $14,100 $40,500
2021 $1,020 $51,000 $14,100 $36,900
2020 $1,006 $50,300 $14,100 $36,200
2019 $946 $47,300 $14,100 $33,200
2018 $944 $47,200 $14,100 $33,100
2017 $992 $48,400 $14,100 $34,300
2016 $1,006 $49,100 $14,100 $35,000
2014 $944 $49,500 $14,100 $35,400
2013 $1,504 $75,200 $14,100 $61,100
Source: Public Records

Agents Affiliated with this Home

  • Robert Lundquist

    Seller's Agent in 2014

    Robert Lundquist

    Lundquist Appraisals & Real Estate

    (260) 571-4653

    133 in this area

    234 Total Sales

    Robert Lundquist
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Map

Source: Indiana Regional MLS

MLS Number: 201447509

Indiana Regional MLS

APN: 85-14-11-302-127.000-009

Indiana Wabash County Wabash 46992

83-87 N Wabash St, Wabash, IN

Not Listed for Sale

MultiFamily

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