INVESTMENT
$ 87,900.00
- Post Updated:
2020-04-18 05:00:20 - MLS #:
202012947 - Status:
Pending - Type:
Duplex - Year built:
1900 - Area:
2602 sq ft - Lot Dimensions:
50×100
Description
**Multiple offer received. Highest and Best by 10PM, 01/14/2020 ** Historic income flowing duplex right in the Opportunity Zone, on Wells Corridor. A short walk to Promenade Park and downtown area (less than a mile)! Many possibilities…live in one unit and rent the other to pay your mortgage and you can live FREE !! Each unit has a large extra room that with an addition od a door can be a 3rd bedroom ! Rent both and make double your mortgage in gross income flow, buy it cash and get instant returns on your cash! Laundry hook ups! Fully rented, tenants pay electric. Long term tenants wish to remain. Owner pays water and gas. Act on this one before it’s gone ! Hard to come by such a historic building at this price, in a designated Opportunity Zone! (Consult your tax professional on benefits of investing in an Opportunity zone).Bring in your offer! Both units are rented, tenant rights apply. Please allow 24-48hrs for scheduling. COVID-19 addendum included. Please use all precautions necessary. Thank you !
View on map / Neighborhood
- Township: Wayne
- Directions to Property: On 1700th block of Wells St, across from Do it Best Hardware store, to the right.
Schools
- School District: Fort Wayne Community
- Elementary: Bloomingdale
- Middle School: Lakeside
- High School: North Side
Rooms & Units Description
- Bedrooms: 4
- Total # Full Baths: 2
- Bathrooms: 2
- # Above Grade Bedrooms: 4
- Number of Units: 2
- Unit 1-# of Bedrooms: 2
- Unit 2-# of Bedrooms: 2
- Num. of Units Rented: 2
- Unit 1-Unit #: 1
- Unit 1-Level: Main
- Unit 1-Currently Rntd Y/N: Yes
- Unit 1-Rent Frequency: Monthly
- Unit 2-Level: Upper
- Unit 2-Currently Rntd Y/N: Yes
- Unit 2-Rent Frequency: Monthly
- Unit 2-Laundry Room: Kitchen
- Outbuilding: None
- Unit 1 SqFt: 938
- Unit 2 SqFt: 856
- Num. of 2 Bedrooms: 2
- Unit 1-Unit Rent $: 550
- Unit 2-Unit Rent $: 550
- Unit 1-# of Bathrooms: 1
- Unit 2-# of Bathrooms: 1
Property Details
- LOT DESCRIPTION: Slope
- Stories: 2
- Total Finished SqFt: 1794
- Below Grade Unfin. SqFt: 808
- Approx. Lot Size SqFt: 4792
- Above Grade Finished SqFt: 1794
- Total Below Grade SqFt: 808
- Price per Total Finished SQFT: 49
- Sale/Rent/Auction: For Sale
- Approx. Lot Size Acres: 0.11
- Subdivision: Huffman(s)
- Style: Two Story
- New Construction: No
- Area: Allen County
- Parcel# ID: 02-07-35-379-025.000-074
- Age: 120
- Planned Unit Dev. Y/N: No
- Auction Y/N: No
- SALE INCLUDES: Lease
- LEASE TERM: 1 Year
Property Features
- Pool Y/N: No
- Platted Y/N: Yes
- Waterfront Y/N: No
- FLOORING: Carpet,Laminate,Wood
- AMENITIES: Basement,Off Street Parking,Countertops-Laminate
- COOLING: Window
- HEATING/FUEL: Forced Air
- EXTERIOR: Wood
- Sewer: City
- Water Utility: City
- Basement Y/N: Yes
- BASEMENT/FOUNDATION: Full Basement
- # of Refrigerators: 2
- # of Ranges/Ovens: 2
- # of W/D Hookups: 2
- # of Parking Spaces: 2
- Pet Restrictions Y/N: No
Financials
- Assoc. Dues Frequency: Not Applicable
- Year Taxes Payable: 2020
- Annual Gross Rent $: 13200
- Annual Water/Sewer Exp.: 1133.95
- Annual Fuel Expense: 1176.76
- Gross Monthly Rent: 1100
- Gross Monthly Income: 1100
- Annual Property Tax: 1214
- Annual Misc.: 373
- Annual Net Income: 8302.29
- Annual Maint. Expense: 1000
Courtesy of
- Listing Office: Coldwell Banker Real Estate Group
Disclaimer
IDX information provided by the Indiana Regional MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing information last updated Monday, September 14th, 2020 at 5:00 AM UTC