405 Rennaker Street

La Fontaine, IN 46940

$450,000
Price
8
Beds
7
Baths
4,116 Sq. Ft.
$109 / Sq. Ft.
4,116
Sq. Ft.
$109
per Sq. Ft.

Description

Welcome investors to this fully occupied 7 unit apartment complex in LaFontaine, Indiana! This property includes a 4plex, a duplex, and a 2-bed single family home with an attached garage. With gross monthly rents equal to $4,675 you are sure to find this to be your next great investment and source of passive income. Tons of updates have been done over the past 14 months. Units 4,5,6 have been fully remodeled. The 4plex had a brand new roof professionally installed June 2023. Various other updates...Welcome investors to this fully occupied 7 unit apartment complex in LaFontaine, Indiana! This property includes a 4plex, a duplex, and a 2-bed single family home with an attached garage. With gross monthly rents equal to $4,675 you are sure to find this to be your next great investment and source of passive income. Tons of updates have been done over the past 14 months. Units 4,5,6 have been fully remodeled. The 4plex had a brand new roof professionally installed June 2023. Various other updates and repairs have been done to all units. All units run on electric, and tenants pay their own electric bills. Community, off street parking for units 1-6, unit 7 has a private driveway and garage. Make sure to check this out and have this property be the next addition to your portfolio!
  1. Listed by Payton Deeter • Terrell Realty Group, LLC

Property Details for 405 Rennaker Street

Style
Other
Subdivision
None
Waterfront
No
Pet Restrictions
Yes

Location

Listing Courtesy of Terrell Realty Group, LLC
Add your commute
LISTING UPDATED: 04/25/2024 04:38 PM

Property Details for 405 Rennaker Street

StatusActive
MLS #202414038
Days on Market11
Taxes$1,674 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Sevenplex
Year Built1983
Lot Size0.50 AC / 21,780 SF
CountyWabash County

Location

Listing Courtesy of Terrell Realty Group, LLC
Add your commute

Building Information for 405 Rennaker Street

Stories1Residences7Year Built1983Building Size-Lot Size0.50 AC / 21,780 SF

Payment Calculator

$2,595 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,456

Property Taxes

$140

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 405 Rennaker Street

Summary
Location and General Information
  • Area: Wabash County
  • City: LaFontaine
  • Zip Code: 46940
  • State: IN
  • Township: Liberty
  • Geo Latitude: 41
  • Geo Longitude: -86
  • Fips Code: 18169
  • Directions To Property: Driving south on highway 15, turn East on to County Road 1000 S. Turn right on N. Wabash Ave. Turn right on Rennaker St. Turn right into the parking lot. Property is on the left.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 23 pay 24
  • Parcel Number Id: 85-19-27-100-003.000-006
School Information
  • School District: MSD of Wabash County Schools
  • Elementary: Southwood
  • Middle School: Southwood
  • High School: Southwood
Parking
  • Number Of Parking Spaces: 7
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Sevenplex
  • Approx Lot Size Acres: 0.5
  • Lot Dimensions: 66x132
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 4116.0
  • Approx Lot Size Sqft: 21780.0
  • Above Grade Finished Sqft: 4116.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 4116.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1983
  • Age: 41
  • Documents Available: Income/Expenses, Rent Roll
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking
  • Exterior: Brick, Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Shingle
Interior Features
  • Number of Electric Meters: 7
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 7
  • Number of Refrigerators: 7
  • Number of W/D Hookups: 5
  • Number of Washers: 0
  • Basement: No
  • Basement/Foundation: Slab
  • Cooling: Window, None
  • Flooring: Laminate
  • Heating/Fuel: Baseboard
  • Stories: 1
  • Number of Above Grade Bedrooms: 8
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 8
  • Total Number of Full Baths: 7
  • Total Number of Half Baths: 0
  • Total Baths: 7
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 6
  • Num Of 2 Bedrooms: 1
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 7
  • Number of Buildings: 3
  • Number of Units: 7
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $56,100
  • Annual Insurance Expense: $4,968
  • Annual Maint. Expense: $3,600
  • Annual Misc: $5,610
  • Annual Net Income: $35,313
  • Annual Property Tax: $1,674
  • Annual Trash Expense: $1,035
  • Annual Water/Sewer Exp: $3,900
  • Gross Monthly Income: $4,675
  • Gross Monthly Rent: $4,675
Unit Information
Unit 1
  • Unit 1 SqFt: 561
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 1
  • Unit 1-Num of Rooms: 3
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $995.00
  • Unit 1-Garage: No
  • Unit 1-Laundry Room: Kitchen
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $600
Unit 2
  • Unit 2 SqFt: 561
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Num of Rooms: 3
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $.00
  • Unit 2-Garage: No
  • Unit 2-Laundry Room: Kitchen
  • Unit 2-Level: Main
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $600
Unit 3
  • Unit 3 SqFt: 561
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Num of Rooms: 3
  • Unit 3-Basement: No
  • Unit 3-Currently Rented: Yes
  • Unit 3-Deposit Amount: $200.00
  • Unit 3-Garage: No
  • Unit 3-Laundry Room: Kitchen
  • Unit 3-Level: Main
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 3
  • Unit 3-Unit Rent $: $450
Unit 4
  • Unit 4 SqFt: 561
  • Unit 4-Num of Bedrooms: 1
  • Unit 4-Num of Rooms: 3
  • Unit 4-Basement: No
  • Unit 4-Currently Rented: Yes
  • Unit 4-Deposit Amount: $775.00
  • Unit 4-Garage: No
  • Unit 4-Laundry Room: Kitchen
  • Unit 4-Level: Main
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: 4
  • Unit 4-Unit Rent $: $775
Unit 5
  • Unit 5 SqFt: 504
  • Unit 5-Num of Bedrooms: 1
  • Unit 5-Num of Rooms: 3
  • Unit 5-Basement: No
  • Unit 5-Currently Rented: Yes
  • Unit 5-Deposit Amount: $750.00
  • Unit 5-Garage: No
  • Unit 5-Laundry Room: None
  • Unit 5-Level: Main
  • Unit 5-Rent Frequency: Monthly
  • Unit 5-Unit Number: 5
  • Unit 5-Unit Rent $: $750
Unit 6
  • Unit 6 SqFt: 504
  • Unit 6-Num of Bathrooms: 1
  • Unit 6-Num of Bedrooms: 1
  • Unit 6-Num of Rooms: 3
  • Unit 6-Basement: No
  • Unit 6-Currently Rented: Yes
  • Unit 6-Garage: No
  • Unit 6-Laundry Room: None
  • Unit 6-Level: Main
  • Unit 6-Rent Frequency: Monthly
  • Unit 6-Unit Number: 6
  • Unit 6-Unit Rent $: $750
  • Unit 6-Deposit Amount: $750
Rental
Rental Information
  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Electric, Deposit Value

Property History for 405 Rennaker Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 405 Rennaker Street

Taxable ValueLand$15,000Additions$66,900Total$81,900
Tax Record2022$1,650 ($138 / month)
Home Facts
Beds2Baths2Total Finished SqFt864 SqFtAbove Grade Finished SqFt864 SqFtStories1Lot Size21,780 SqFtStyleSingle Family ResidenceYear Built1983CountyWABASHAPN85-19-27-100-003.000-006

Schools near 405 Rennaker Street

This home is within M S D Wabash County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Public - 7 to 12
Public - PK to 12
Rating
School
Distance
Southwood Elementary School
PublicPK to 6

Southwood Jr-Sr High School
Public7 to 12

White's Jr-Sr High School
Public7 to 12

Wabash/Miami Area Prog Excpt
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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405 Rennaker Street is a multi-family home for sale in La Fontaine, IN 46940. This property was listed for sale on April 25, 2024 by Terrell Realty Group, LLC, it's currently listed at $450,000. It has been on the market for a total of 11 days and was last sold on January 13, 2023. This listing's school district is M S D Wabash County Schools. Nearby schools include Southwood Elementary School, Southwood Jr-Sr High School and White's Jr-Sr High School. 405 Rennaker Street is a 8-bed, 7-bath, 4,116 sqft multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Terrell Realty Group, LLC

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.