$479,900
Active Under Contract
21 Days Online
15 Beds8 Baths6,367 SQFT
Active Under Contract

1420 Quaker Avenue Wabash, IN 46992

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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.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyWabash
  • Taxes$1,274
  • HOA/Condo/Coop Fees$0
  • Days on Site21 Days
  • MLS StatusActive Under Contract
  • MLS ID Number202419303
  • Home Size Source N/A
  • Year Built1964
  • Lot Size0 Acres
  • Full Baths8
  • Partial BathsN/A

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Schools

School District
Wabash City Schools
Elementary School
OJ Neighbors Elementary School
Middle School
Wabash Middle School
High School
Wabash High School

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Monthly Payment (Est.)

$2,541
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