705 West 2nd Street

Marion, IN 46952

$84,900
Price
5
Beds
3
Baths
1,960 Sq. Ft.
$43 / Sq. Ft.
1,960
Sq. Ft.
$43
per Sq. Ft.

Description

Income Producing! Perfect Investor Opportunity! Three-unit investment property in the center of town. Just minutes from shopping, grocery, hospital and downtown. The main house consists of one unit downstairs with 3 bedroom and 1 bath. Upstairs unit consists of 1 bedroom and 1 bath. Each has their own separate entries. Unit 3 is separate carriage house/garage apartment. There is a nice size laundry room with the downstairs unit that could easily be accessible to all three units.Income Producing! Perfect Investor Opportunity! Three-unit investment property in the center of town. Just minutes from shopping, grocery, hospital and downtown. The main house consists of one unit downstairs with 3 bedroom and 1 bath. Upstairs unit consists of 1 bedroom and 1 bath. Each has their own separate entries. Unit 3 is separate carriage house/garage apartment. There is a nice size laundry room with the downstairs unit that could easily be accessible to all three units.
  1. Listed by Joe Schroder • RE/MAX Realty One

Property Details for 705 West 2nd Street

Style
Two Story
Architectural Style
Traditional
Subdivision
White(s)
Waterfront
No
Water Features
None
Pet Restrictions
No
LISTING UPDATED: 11/17/2024 01:41 AM

Property Details for 705 West 2nd Street

StatusActive
MLS #202444460
Days on Market1
Taxes$1,139 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Triplex
Year Built1939
Lot Size0.13 AC / 5,793 SF
CountyGrant County

Building Information for 705 West 2nd Street

Stories2Residences3Year Built1939Building Size-Lot Size0.13 AC / 5,793 SF

Property Information for 705 West 2nd Street

Summary
Location and General Information
  • Area: Grant County
  • City: Marion
  • Zip Code: 46952
  • City Zoning: Other
  • State: IN
  • Township: Center
  • Cross Street: 1ST
  • Geo Latitude: 41
  • Geo Longitude: -86
  • Road Access: City
  • Inside City Limits: Yes
  • Fips Code: 18053
  • Directions To Property: State Road 18 West to Hill Street, turn right. Go down one block to 1st Street. House sits on the West side of the road at the corner of 1st Street and Hill.
  • Sea Wall Type: None
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Assoc Restrictions: No
  • Year Taxes Payable: 2024
  • Parcel Number Id: 27-07-06-301-012.000-002
School Information
  • School District: Marion Community Schools
  • Elementary: Kendall/Justice
  • Middle School: McCulloch/Justice
  • High School: Marion
Parking
  • Number Of Parking Spaces: 3
  • Parking: Garage, Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Triplex
  • Approx Lot Size Acres: 0.133
  • Lot Dimensions: 44 X 132
  • Below Grade Unfin Sqft: 360.0
  • Total Square Feet: 4280.0
  • Upper Level Sqft: 704.0
  • Approx Lot Size Sqft: 5793.0
  • Above Grade Finished Sqft: 1960.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 360.0
  • Total Finished Sqft: 1960.0
  • Above Grade Unfin Sqft: 1960.0
  • Lot Description: Corner
  • Main Level Sqft: 1256.0
Property and Assessments
  • New Construction: No
  • Year Built: 1939
  • Age: 85
  • Documents Available: LBP Form, Sellers Disclosure
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Cable Company: Brighthouse Networks, DirectTV, Dish Network, Spectrum
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Sewer: City
  • Water Company: Marion Utilities
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Ceiling Fan, Cable Available, Ceiling-9+, Countertops-Laminate, Detector-Smoke, Porch Covered, Water Heater Gas, Washer Hook-Up
  • Driveway: None
  • Exterior: Shingle
  • Fence: None
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Road Surface: Asphalt
  • Roof Material: Asphalt, Shingle
Interior Features
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 3
  • Number of Refrigerators: 3
  • Number of W/D Hookups: 1
  • Number of Washers: 0
  • Number Water Meters: 1
  • Basement Material: Block
  • Basement: Yes
  • Basement/Foundation: Crawl, Partial Basement
  • Cooling: None
  • Flooring: Carpet, Vinyl
  • Heating/Fuel: Gas, Forced Air, Wall Heater
  • Stories: 2
  • Number of Above Grade Bedrooms: 5
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 5
  • Total Number of Full Baths: 3
  • Total Number of Half Baths: 0
  • Total Baths: 3
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 3
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 1
  • Number of Units: 3
Income & Expenses Information
  • Annual Electric Expense: $5,188.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $17,662
  • Annual Insurance Expense: $840
  • Annual Maint. Expense: $3,044
  • Annual Misc: $0
  • Annual Net Income: $5,906
  • Annual Property Tax: $1,139
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $1,545
  • Gross Monthly Income: $1,472
  • Gross Monthly Rent: $2,165
Unit Information
Unit 1
  • Unit 1 SqFt: 1256
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 3
  • Unit 1-Num of Rooms: 5
  • Unit 1-Basement: Yes
  • Unit 1-Currently Rented: No
  • Unit 1-Electric: Owner
  • Unit 1-Garage Type: None
  • Unit 1-Garage: No
  • Unit 1-Gas: Owner
  • Unit 1-Laundry Room: Utility Room
  • Unit 1-Level: Lower
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $875
Unit 2
  • Unit 2 SqFt: 704
  • 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: No
  • Unit 2-Electric: Owner
  • Unit 2-Garage Type: None
  • Unit 2-Garage: No
  • Unit 2-Gas: Owner
  • Unit 2-Laundry Room: None
  • Unit 2-Level: Upper
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $645
Unit 3
  • Unit 3 SqFt: 432
  • 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-Electric: Owner
  • Unit 3-Garage Type: Attached
  • Unit 3-Garage: Yes
  • Unit 3-Garage/Number of Cars: 1
  • Unit 3-Gas: Owner
  • Unit 3-Laundry Room: None
  • Unit 3-Level: Upper
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 3
  • Unit 3-Unit Rent $: $645
Rental
Rental Information
  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable

Property History for 705 West 2nd 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 705 West 2nd Street

Taxable ValueLand$5,200Additions$48,100Total$53,300
Tax Record2023$1,177 ($98 / month)
Home Facts
Beds4Baths2Total Finished SqFt1,960 SqFtAbove Grade Finished SqFt1,960 SqFtStories2Lot Size5,808 SqFtStyleSingle Family ResidenceYear Built1939CountyGRANTAPN27-07-06-301-012.000-002

Schools near 705 West 2nd Street

This home is within Marion Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Riverview Elementary School
PublicPK to 4

Justice Intermediate School
Public5 to 6

Mcculloch Junior High School
Public7 to 8

Marion High School
Public9 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.

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705 West 2nd Street is a multi-family home for sale in Marion, IN 46952. This listing's school district is Marion Community Schools. Nearby schools include Riverview Elementary School, Justice Intermediate School and Mcculloch Junior High School. 705 West 2nd Street is a 5-bed, 3-bath, 1,960 sqft multi-family home built in 1939.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Realty One

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.