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    613 Lavina Street

    Fort Wayne, IN 46802
    • $1,050,000
    • STATUS: Active
    • ON SITE: 8 days
    • MLS #: 202114846
    UPDATED: 32 min ago
    $1,050,000
    • 5
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,880
      SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:
    Area:

    School Information

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

    Description

    OPPORTUNITY OF A LIFETIME! THIS IS A PACKAGE DEAL THAT OFFERS A VERY UNIQUE OPPORTUNIY TO VALUEADD HALF A CITY BLOCK LITERALLY IN THE CORE OF DOWNTOWN This package consists of 7 Properties totaling 11 units/doors: (150,000 per property) (95,454 per door) A fourplex A renovated single family with a significant amount of improvements A Duplex in need of large renovations but over 2000 sq ft! 4 Single Families With the Potential to flip or BRRRR Attached to the listing MLS# 202114846 is a spreadsheet of our projections of what the ARV of the properties both for rent and sell in Y1, Y3, Y5. It is evident that the land alone holds so much value not only now but the real value is in the long term appreciation. Very relevant small city land comps have sold for 100k steps away from this package. Any renovations that you do will directly affect the sale value of your other properties on this street. Keep in mind these are sandwiched directly between the ball diamond and electric works. Renovation plans are available to a serious buyer. Sellers will consider separating properties and or smaller packages but price will increase. Properties included in package are as follows: 506 Lavina 517 Lavina 601 Lavina 602 Lavina 613 Lavina 619 Lavina 601 Brackenridge Additional MLS numbers: 202115181, 202115182, 202115183, 202115187, 202114846, 202115233, 202115236, 202115558

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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: 2021-05-08T12:27:53.387.

    www.teamtamara.com/homes/116611616
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    613 Lavina Street Fort Wayne, IN 46802

    • Price: $1,050,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 202114846
    5
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,880
    SQFT
    $365
    $/SQFT
    1940
    Built
    Neighborhood:
    G W Ewings
    County:
    Allen
    Area:
    Allen
    Elementary School:
    Washington
    Middle School:
    Portage
    High School:
    Wayne
    School District:
    Fort Wayne Community
    Property Description
    OPPORTUNITY OF A LIFETIME! THIS IS A PACKAGE DEAL THAT OFFERS A VERY UNIQUE OPPORTUNIY TO VALUEADD HALF A CITY BLOCK LITERALLY IN THE CORE OF DOWNTOWN This package consists of 7 Properties totaling 11 units/doors: (150,000 per property) (95,454 per door) A fourplex A renovated single family with a significant amount of improvements A Duplex in need of large renovations but over 2000 sq ft! 4 Single Families With the Potential to flip or BRRRR Attached to the listing MLS# 202114846 is a spreadsheet of our projections of what the ARV of the properties both for rent and sell in Y1, Y3, Y5. It is evident that the land alone holds so much value not only now but the real value is in the long term appreciation. Very relevant small city land comps have sold for 100k steps away from this package. Any renovations that you do will directly affect the sale value of your other properties on this street. Keep in mind these are sandwiched directly between the ball diamond and electric works. Renovation plans are available to a serious buyer. Sellers will consider separating properties and or smaller packages but price will increase. Properties included in package are as follows: 506 Lavina 517 Lavina 601 Lavina 602 Lavina 613 Lavina 619 Lavina 601 Brackenridge Additional MLS numbers: 202115181, 202115182, 202115183, 202115187, 202114846, 202115233, 202115236, 202115558
    Exterior Features

    Exterior AluminumOtherVinylWood Fence Wood Location City/Town/Suburb Lot Description Level Lot Dimensions 40X136 Outbuilding 2nd Detached Garage Outbuilding Sq Ft 240 Parking Spaces 3 Pool YN No Roof Material Shingle Style Two Story Waterfront YN No

    Interior Features

    Above Grade Bedrooms 5 Above Grade Finished Sqft 2880 Above Grade Unfin Sq Ft 0 Amenities Basement Basement Foundation Full Basement Basement Material BlockBrickPiersStone Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 720 Cooling Central AirWindow Dishwashers 2 Disposals 0 Dryers 0 Flooring LaminatePart CarpetTileWood Heating Fuel BaseboardForced Air HVAC Hvac (13 Seer) Microwaves 1 Ranges Ovens 4 Refrigerators 4 Rooms Below Grade 0 Total Baths 4 Total Below Grade Sqft 720 Total Sq Ft 3600 Wash Dry Hookups 0 Washers 0

    Property Features

    Annual Electric Expense 3000 Annual Fuel Expense 2000 Annual Gross Rent 120000 Annual Insurance Expense 0 Annual Maint Expense 2000 Annual Misc 0 Annual Net Income 102500 Annual Property Tax 4000 Annual Trash Expense 3000 Annual Water Sewer Exp 3500 Assoc Dues Frequency Not Applicable Buildings 7 Efficiencies 1 Electric Meters 1 Exemptions No Exemptions Existing Financing Conventional For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 1 Gross Monthly Income 10000 Gross Monthly Rent 10000 Lease Term Month To Month New Construction No One Bedrooms 2 Owner Pays Building InsuranceLawn MaintenanceMaintenanceTax Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Fourplex Proposed Financing CashContractConventional Reo YN No Sale Includes BuildingLandLease Sewer Public Tenant Pays CoolingElectricFuelHeatingLawn MaintenanceSnow RemovalTrash CollectionWater Three Bedrooms 0 Township Wayne Two Bedrooms 1 Units Rented 2 Water Meters 1 Water Utility Public Year Taxes Payable 2020

    Listing courtesy of Jordan Wildman of Open Door Rentals And Real Estate.
    © 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: 2021-05-08T12:27:53.387.

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