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616 Mechanic Street

Fort Wayne, IN 46808
  • $210,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 202228047
UPDATED: 11 min ago
$210,000
  • 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:

Description

Great investment opportunity! This building has 4 units, 3 which are currently rented. Four units consist of 3 units that are 1 bedrooms and 1 unit that has 2 bedrooms. Property is being sold "As-is".

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© 2022 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: 2022-08-12T11:28:45.82.

www.teamtamara.com/homes/130707359
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616 Mechanic Street Fort Wayne, IN 46808

  • Price: $210,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 11 min ago
  • MLS #: 202228047
5
Beds
4
Baths
0
½ Baths
0.06
Acres
2,062
SQFT
$102
$/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
Great investment opportunity! This building has 4 units, 3 which are currently rented. Four units consist of 3 units that are 1 bedrooms and 1 unit that has 2 bedrooms. Property is being sold "As-is".
Exterior Features

Exterior Wood Lot Description Level Lot Dimensions 50X50 Outbuilding None Parking Spaces 0 Pool YN No Style Two Story 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 CarpetVinyl Heating Fuel GasForced Air Microwaves 0 Ranges Ovens 0 Refrigerators 0 Rooms Below Grade 0 Total Baths 4 Total Below Grade Sqft 525 Total Sq Ft 2587 Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit2 Bathrooms 1 Unit2 Bedrooms 1 Unit3 Bathrooms 1 Unit3 Bedrooms 2 Unit4 Bathrooms 1 Unit4 Bedrooms 1 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 2900 Annual Fuel Expense 1700 Annual Gross Rent 28200 Annual Insurance Expense 1200 Annual Maint Expense 1000 Annual Misc 1000 Annual Net Income 16293.78 Annual Property Tax 2506.22 Annual Trash Expense 0 Annual Water Sewer Exp 1600 Assessed Value 111900 Assoc Dues Frequency Not Applicable Auction Y / N No Efficiencies 0 For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 2350 Gross Monthly Rent 2350 Lease Term 1 YearMonth To Month 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 CashConventional Reo YN No Sale Includes Lease Sewer City Tenant Pays None Three Bedrooms 0 Township Wayne Two Bedrooms 1 Unit1 Unit Rent 625 Unit1- Currently Rntd Y / N Yes Unit2 Unit Rent 475 Unit2- Currently Rntd Y / N Yes Unit3 Unit Rent 675 Unit3- Currently Rntd Y / N Yes Unit4 Unit Rent 575 Unit4- Currently Rntd Y / N Yes Units Rented 3 Water Utility City Year Taxes Payable 2020

Listing provided by Sarai Arevalo of Century 21 Bradley Realty, Inc: 260-399-1177.
© 2022 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.


© 2022 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: 2022-08-12T11:28:45.82.

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