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    1404 Fletcher Avenue

    Fort Wayne, IN 46803
    • $145,000
    • STATUS: Active
    • ON SITE: 79 days
    • MLS #: 202115768
    Price Reduced
    UPDATED: 56 min ago
    $145,000
    • 9
      BEDS
    • 0.19
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 3,666
      SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    PRICE JUST REDUCED, 9 room rental property. Rent is collected weekly. Vinyl siding, Updated circuit breaker panel, updated Romex wiring, extra insulation blown in walls, Majority of windows are vinyl, hardwood floors, disconnected gas Furnace in basement, electric hot water heater. Tenants share two full bathrooms and a common kitchen. Property has a dry basement for storage and a built in deposit box. 9 units Grosses= $980 Weekly!!, $3920 / Month, $47,040 Annual income. Most tenants are students and demand is very high for weekly rentals. Range, Refrigerator, Microwave, Washer, Dryer and several mini fridges, and TVs included. Washer and Dryer are coin operated and also contribute to extra income av. $98/mo. This is a great return on investment and a good turn key business opportunity! Rooms are: $120,$110, $110,$110,$110,$110,$110,$110,and $90 weekly, Or can be made to be monthly leases. Listing agent to be present for showings. Room Measurements in documents. Average utilities: Water $126/mo, Electric $940/mo. Insurance $1900 Yearly. All electric baseboard heat.

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    © 2021 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 North Eastern Group Realty. Data last updated: 2021-07-24T19:27:49.453.

    www.teamtamara.com/homes/116789309
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    1404 Fletcher Avenue Fort Wayne, IN 46803

    • Price: $145,000
    • Status: Active
    • Updated: 56 min ago
    • MLS #: 202115768
    9
    Beds
    2
    Baths
    0
    ½ Baths
    0.19
    Acres
    3,666
    SQFT
    $40
    $/SQFT
    1900
    Built
    Neighborhood:
    None
    County:
    Allen
    Area:
    Allen
    Elementary School:
    Washington
    Middle School:
    Portage
    High School:
    Wayne
    School District:
    Fort Wayne Community
    Property Description
    PRICE JUST REDUCED, 9 room rental property. Rent is collected weekly. Vinyl siding, Updated circuit breaker panel, updated Romex wiring, extra insulation blown in walls, Majority of windows are vinyl, hardwood floors, disconnected gas Furnace in basement, electric hot water heater. Tenants share two full bathrooms and a common kitchen. Property has a dry basement for storage and a built in deposit box. 9 units Grosses= $980 Weekly!!, $3920 / Month, $47,040 Annual income. Most tenants are students and demand is very high for weekly rentals. Range, Refrigerator, Microwave, Washer, Dryer and several mini fridges, and TVs included. Washer and Dryer are coin operated and also contribute to extra income av. $98/mo. This is a great return on investment and a good turn key business opportunity! Rooms are: $120,$110, $110,$110,$110,$110,$110,$110,and $90 weekly, Or can be made to be monthly leases. Listing agent to be present for showings. Room Measurements in documents. Average utilities: Water $126/mo, Electric $940/mo. Insurance $1900 Yearly. All electric baseboard heat.
    Exterior Features

    Architectural Style Foursquare Exterior Aluminum Fence None Location City/Town/Suburb Lot Description Corner Lot Dimensions 50 X 163 Outbuilding None Outbuilding Sq Ft 0 Parking Street Parking Spaces 9 Pool YN No Road Access City Road Surface Asphalt Roof Material Asphalt Style Multi-Story (3+) Water Features None Water Type None Waterfront YN No

    Interior Features

    Above Grade Bedrooms 9 Above Grade Finished Sqft 3666 Above Grade Unfin Sq Ft 0 Amenities Basement Basement Foundation Full Basement Basement Material Poured Concrete Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 1300 Cooling Window Dishwashers 0 Disposals 0 Dryers 0 Flooring Mixed Heating Fuel Baseboard Microwaves 0 Ranges Ovens 1 Refrigerators 1 Rooms Below Grade 0 Total Baths 2 Total Below Grade Sqft 1300 Total Sq Ft 4966 Unit1 Basement YN No Unit1 Bedrooms 1 Unit2 Basement YN No Unit2 Bedrooms 1 Unit3 Basement YN No Unit3 Bedrooms 1 Unit4 Basement YN No Unit4 Bedrooms 1 Unit5 Basement YN No Unit5 Bedrooms 1 Unit6 Basement YN No Unit6 Bedrooms 1 Wash Dry Hookups 1 Washers 0

    Property Features

    Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 47040 Annual Insurance Expense 0 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 45354 Annual Property Tax 1686 Annual Trash Expense 0 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Assoc Restrictions YN No Association Dues 0 Buildings 1 Date Completed 1900 Documents Available Lbp FormLease Efficiencies 0 Electric Meters 1 Excluded From Sale Tenants Possessions Exemptions No Exemptions Existing Financing None For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 1 Government Subsidized YN No Gross Monthly Income 3920 Gross Monthly Rent 3920 Inside City Limits Yes Lease Term Week To Week New Construction No One Bedrooms 9 Other Fees 0 Owner Pays ElectricSewerTaxWater Owner Real Estate License YN No People Allowed 9 Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Other Proposed Financing CashConventional Reo YN No Restrictions YN No Sale Includes BuildingLandLease Sewer City Tenant Pays None Three Bedrooms 0 Township Wayne Two Bedrooms 0 Unit1 Unit Rent 110 Unit2 Unit Rent 110 Unit3 Unit Rent 110 Unit4 Unit Rent 110 Unit5 Unit Rent 110 Unit6 Unit Rent 110 Units Rented 9 Water Meters 1 Water Utility City Year Taxes Payable 2020

    Listing courtesy of Gary Brigman of Keller Williams Realty Group.
    © 2021 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 North Eastern Group Realty.


    © 2021 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 North Eastern Group Realty. Data last updated: 2021-07-24T19:27:49.453.

     
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    North Eastern Group Realty
    6114 Constitution Drive
    Fort Wayne IN, 46804