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1420 Quaker Avenue

Wabash, IN 46992
  • $479,900
  • STATUS: Cont-AccptngBackupOffers
  • ON SITE: 15 Days
  • MLS #: 202419303
UPDATED: 129 min ago
$479,900
  • 15
    BEDS
  • 0.37
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 6,367
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Jordan Wildman of eXp Realty, LLC: Home: 260-498-0384.

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.

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© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Janet English | Keller Williams. Data last updated: 2024-06-15T07:29:11.763.

www.team-janet.com/homes/151084603
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1420 Quaker Avenue Wabash, IN 46992

  • Price: $479,900
  • Status: Cont-AccptngBackupOffers
  • On Site: 15 Days
  • Updated: 129 min ago
  • MLS #: 202419303
15
Beds
8
Baths
0
½ Baths
0.37
Acres
6,367
SQFT
$75
$/SQFT
1964
Built
Neighborhood:
None
County:
Wabash
Area:
Wabash
Elementary School:
Oj Neighbors
Middle School:
Wabash
High School:
Wabash
School District:
Wabash City Schools
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.
Exterior Features

Exterior Block Lot Description Level Lot Dimensions 100X162.5 Outbuilding None Parking Spaces 8 Pool YN No Style One Story Waterfront YN No

Interior Features

Above Grade Bedrooms 15 Above Grade Finished Sqft 6367 Above Grade Unfin Sq Ft 0 Amenities Off Street Parking Basement Foundation Slab Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Window Dishwashers 0 Disposals 0 Dryers 7 Flooring Vinyl Heating Fuel Forced Air Microwaves 0 Ranges Ovens 8 Refrigerators 8 Rooms Below Grade 0 Total Baths 8 Total Below Grade Sqft 0 Total Sq Ft 6367 Unit1 Basement YN No Unit1 Bathrooms 1 Unit1 Bedrooms 2 Unit1 Sq Ft 697 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 2 Unit2 Sq Ft 704 Unit3 Basement YN No Unit3 Bathrooms 1 Unit3 Bedrooms 2 Unit3 Sq Ft 610 Unit4 Basement YN Yes Unit4 Bedrooms 2 Unit4 Sq Ft 659 Unit5 Basement YN No Unit5 Bedrooms 2 Unit5 Sq Ft 762 Unit6 Basement YN No Unit6 Bathrooms 1 Unit6 Bedrooms 1 Unit6 Sq Ft 442 Wash Dry Hookups 7 Washers 7

Property Features

Annual Electric Expense 0 Annual Fuel Expense 11530 Annual Gross Rent 71240 Annual Insurance Expense 3114 Annual Maint Expense 1600 Annual Misc 0 Annual Net Income 49122 Annual Property Tax 1274 Annual Trash Expense 1600 Annual Water Sewer Exp 3000 Assoc Dues Frequency Not Applicable Auction Y / N No Efficiencies 0 Electric Meters 8 For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 7 Gross Monthly Income 5937 Gross Monthly Rent 5937 Lease Term Month to Month New Construction No One Bedrooms 1 Owner Pays Building InsuranceHeatingLawn MaintenanceMaintenance Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Eightplex Reo YN No Sale Includes BuildingLandLease Sewer City Tenant Pays Electric Three Bedrooms 0 Township Noble Two Bedrooms 7 Unit1 Unit Rent 175 Unit1- Currently Rntd Y / N Yes Unit1- Garage Y / N No Unit2 Unit Rent 170 Unit2- Currently Rntd Y / N Yes Unit2- Garage Y / N No Unit3 Unit Rent 170 Unit3- Currently Rntd Y / N Yes Unit3- Garage Y / N No Unit4 Unit Rent 170 Unit4- Currently Rntd Y / N Yes Unit4- Garage Y / N No Unit5 Unit Rent 180 Unit5- Currently Rntd Y / N Yes Unit6 Unit Rent 160 Unit6- Currently Rntd Y / N Yes Unit6- Garage Y / N No Units Rented 8 Water Meters 1 Water Utility City Year Taxes Payable 2023

Listing provided by Jordan Wildman of eXp Realty, LLC: Home: 260-498-0384.

© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Janet English | Keller Williams.


© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Janet English | Keller Williams. Data last updated: 2024-06-15T07:29:11.763.

 
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3928 McCarty Lane Suite A
Lafayette IN, 47905
Listing provided by Jordan Wildman of eXp Realty, LLC: Home: 260-498-0384.