Selma, IN 47383 314 S Union Street
$189,900
12 more
Presented By: Jim Mochal with Coldwell Banker Real Estate Group; Cell: 765-748-1005
Beds • 6
Baths • 2
SQFT • 696
Home Details
GREAT Investment Package. Cash cow opportunity in Selma. Two dwellings on 1 parcel. One is a 3 bedroom 1/12 story home with Kitchen, dining room, living room, laundry room, family room with wood burning stove, and 10 X 17 porch, that currently is vacant, but, could easily rent for $1,200 / month. The other is a duplex: each is a 2 bedroom 1 bath unit. The 1 current tenant pays $625 / month and the other is currently vacant, but, could easily rent for $750 / month. In the upstairs duplex an efficiency apartment has been started, but needs to be finished. The annual income fully rented would be $32,000, and at a 10% cap would be $320,000. In addition, the lot just to the east, parcel #:18-12-15-108-008.000-011, 83' X 165', comes with this package as well ! Properties are being sold " AS IS". Seller has never lived in property and is a P.O.A.
Presented By: Jim Mochal with Coldwell Banker Real Estate Group; Cell: 765-748-1005
Interior Features for 314 S Union Street
Bedrooms
Num. of 1 Bedrooms2
Num. of 2 Bedrooms2
Num. of 3 Bedrooms0
Num. of 4 Bedrooms0
Unit 1-# of Bedrooms2
Unit 2-# of Bedrooms2
Above Grade Bedrooms4
Beds4
Below Grade Bedrooms
Bathrooms
Unit 1-# of Bathrooms1
Unit 2-# of Bathrooms1
Below Grade Baths
Other Interior Features
Unit 1 SqFt696
Unit 2 SqFt696
Total Finished SqFt696
Basement Y/NNo
Above Grade Finished SqFt696
Above Grade Unfin. SqFt432
Below Grade Finished SqFt0
Below Grade Unfin. SqFt0
Main Level SqFt696
Num. of Efficiencies0
BasementSlab
Dishwasher(s)
Disposal(s)
Dryer(s)
FlooringCarpet, Vinyl
Microwaves
Ranges/Ovens2
Refrigerators2
Total Number of Units2
W/D Hookups
Washers
Other Rooms
Total Rooms Below Grade
General for 314 S Union Street
Age52
Agent First NameJim
Agent Last NameMochal
Annual Electric Expense
Annual Fuel Expense
Annual Insurance Expense1500
Annual Trash Expense
AreaDelaware County
Assoc. Dues FrequencyNot Applicable
Associated Document Count2
Auction Y/NNo
Bathrooms2
CitySelma
ClassINVESTMENT
Common AmenitiesNone
CoolingNone
DOM24
Elementary SchoolSelma
FIPS Code18035
FeaturesCable Ready, Countertops-Laminate, Water Heater Electric
Full Baths2
Half Baths
HeatingElectricity, Baseboard
High SchoolWapahani
Inside City LimitsYes
Legal DescriptionSELMA ALL OF 5/165Ft BY 5FT ADJ T LOT 5
LocationCity/Town/Suburb
Middle SchoolSelma
ModificationTimestamp2025-08-21T13:54:52.9
Net Income3855
New ConstructionNo
OwnerPaysSewer, Trash Collection, Water
PROPOSED FINANCINGCash, Conventional
ParkingGravel, Off Street
Pet Restrictions Y/NNo
REONo
Rent Income7500
School DistrictLiberty-Perry Community S.D.
SewerCity
StatusActive
StatusActive
Status Detail0
Stories Count2
StyleTwo Story
SubdivisionNone
Tax Year2025
Tenant PaysElectric
Total Sq Ft1128
TownshipLiberty
TypeDuplex
Virtual TourClick here
Year Built1973
Exterior for 314 S Union Street
Approx. Lot Size Acres0.25
DrivewayGravel
ExteriorAluminum, Wood
FenceNone
Lot DescriptionLevel
Lot Dimensions65 X 167
Lot Size Area10890
Number of Parking Spaces3
OutbuildingNone
PoolNo
ROOF MATERIALAsphalt, Shingle
Water FeaturesNone
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Selma Middle School
Elementary School
Selma Elementary School
High School
Wapahani High School
Ryan Orr
Associate