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Key Details
Sold Price $420,000
Property Type Multi-Family
Sub Type Eightplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,367 sqft
MLS Listing ID 202419303
Sold Date 08/02/24
Style One Story
Bedrooms 15
Full Baths 8
Abv Grd Liv Area 6,367
Total Fin. Sqft 6367
Year Built 1964
Annual Tax Amount $3,114
Tax Year 2023
Lot Size 0.370 Acres
Property Description
Attention Investors! This fully occupied 8-unit apartment building presents a stable income opportunity. All units are currently leased, minimizing vacancy risk. The property offers a mix of seven 2-bedroom units and one efficient 1-bedroom unit, catering to a variety of renters. Each unit boasts refrigerators and ovens, with seven units offering washer and dryer access for added convenience. Gas-forced air heating and central AC provide year-round comfort for residents. Individual gas and electric meters ensure fair utility billing, while owner-paid water and gas simplify tenant expenses. Currently, the owner covers lawncare, gas and water, while the tenants cover electricity. The building has 7 gas meters and 8 electric meters.14 off-street parking spots ensure residents won't have to worry about parking hassles. This property is offered "as-is," allowing you to add your personal touch and maximize your return.
Location
State IN
County Wabash County
Area Wabash County
Direction Enter address into Google Maps.
Rooms
Family Room 170 x 170
Dining Room 0 x 175
Kitchen , 170 x 180
Interior
Flooring Vinyl
Fireplaces Number 4
Appliance Building, Land, Lease
Laundry , 8
Exterior
Garage Spaces 1.0
Amenities Available Off Street Parking
Waterfront No
Total Parking Spaces 8
Building
Lot Description Level
Story 1
Structure Type Block
New Construction No
Schools
Elementary Schools Oj Neighbors
Middle Schools Wabash
High Schools Wabash
School District Wabash City Schools
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IDX information provided by the Indiana Regional MLS
Bought with Jordan Wildman • eXp Realty, LLC