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616 Mechanic Street

Fort Wayne, IN 46808
  • $199,999
  • STATUS: Pending
  • ON SITE: 68 Days
  • MLS #: 202404040
Pending
$199,999
  • 5
    BEDS
  • 0.06
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,062
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Sara Arevalo of CENTURY 21 Bradley Realty, Inc: Cell: 260-704-5754.

Description

Are you a seasoned investor looking to expand your portfolio or a first-time investor seeking an investment opportunity? Welcome to this fantastic 4-plex in a prime location! Nestled within walking distance to downtown and other amenities, this four-unit property offers convenience and potential for lucrative returns. With three units rented you can start generating income immediately. New roof in 2020. Home Warranty Included. Schedule your showing today!

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© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or McAfee Home Group | Century 21 Realty, Inc.. Data last updated: 2024-04-04T00:28:30.213.

www.myindianahomes.com/homes/147405026
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616 Mechanic Street Fort Wayne, IN 46808

  • Price: $199,999
  • Status: Pending
  • On Site: 68 Days
  • MLS #: 202404040
5
Beds
4
Baths
0
½ Baths
0.06
Acres
2,062
SQFT
$97
$/SQFT
1920
Built
Neighborhood:
Herbert E Eckarts
County:
Allen
Area:
Allen
Elementary School:
Washington
Middle School:
Portage
High School:
Wayne
School District:
Fort Wayne Community
Property Description
Are you a seasoned investor looking to expand your portfolio or a first-time investor seeking an investment opportunity? Welcome to this fantastic 4-plex in a prime location! Nestled within walking distance to downtown and other amenities, this four-unit property offers convenience and potential for lucrative returns. With three units rented you can start generating income immediately. New roof in 2020. Home Warranty Included. Schedule your showing today!
Exterior Features

Exterior Wood Lot Description Level Lot Dimensions 50X50 Outbuilding None Parking Spaces 0 Pool YN No Style Two Story Unit1 Garage Type None Unit3 Garage Type None Unit4 Garage Type None Waterfront YN No

Interior Features

Above Grade Bedrooms 5 Above Grade Finished Sqft 2062 Above Grade Unfin Sq Ft 0 Amenities Basement Basement Foundation Partial Basement Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 525 Cooling None Dishwashers 0 Disposals 0 Dryers 0 Flooring CarpetLaminateOtherVinyl Heating Fuel GasForced Air Microwaves 0 Ranges Ovens 4 Refrigerators 4 Rooms Below Grade 0 Total Baths 4 Total Below Grade Sqft 525 Total Sq Ft 2587 Unit1 Basement YN No Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit2 Basement YN Yes Unit2 Bathrooms 1 Unit2 Bedrooms 1 Unit3 Basement YN No Unit3 Bathrooms 1 Unit3 Bedrooms 2 Unit4 Basement YN No Unit4 Bedrooms 1 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 2900 Annual Fuel Expense 1700 Annual Gross Rent 30300 Annual Insurance Expense 1300 Annual Maint Expense 500 Annual Misc 900 Annual Net Income 18418.72 Annual Property Tax 2681.28 Annual Trash Expense 0 Annual Water Sewer Exp 1900 Assessed Value 85500 Assoc Dues Frequency Not Applicable Auction Y / N No Efficiencies 0 For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 2525 Gross Monthly Rent 2525 Lease Term Month to Month1 Year New Construction No One Bedrooms 3 Owner Pays Building InsuranceElectricHeatingLawn MaintenanceMaintenanceSewerSnow RemovalTaxTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Fourplex Proposed Financing CashConventionalFHAVA Reo YN No Sale Includes Lease Sewer City Tenant Pays ElectricHeatingSewerTrash CollectionWater Three Bedrooms 0 Township Wayne Two Bedrooms 1 Unit1 Unit Rent 0 Unit1- Currently Rntd Y / N No Unit1- Garage Y / N No Unit2 Unit Rent 575 Unit2- Currently Rntd Y / N Yes Unit3 Unit Rent 625 Unit3- Currently Rntd Y / N Yes Unit3- Garage Y / N No Unit4 Unit Rent 575 Unit4- Currently Rntd Y / N Yes Unit4- Garage Y / N No Units Rented 4 Water Utility City Year Taxes Payable 2023

Listing provided by Sara Arevalo of CENTURY 21 Bradley Realty, Inc: Cell: 260-704-5754.

© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or McAfee Home Group | Century 21 Realty, Inc..


© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or McAfee Home Group | Century 21 Realty, Inc.. Data last updated: 2024-04-04T00:28:30.213.

 
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McAfee Home Group | Century 21 Realty, Inc.
2928 E Dupont Rd
Fort Wayne IN, 46825
Listing provided by Sara Arevalo of CENTURY 21 Bradley Realty, Inc: Cell: 260-704-5754.