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    707 E Paulding Road

    Fort Wayne, IN 46816
    • $259,900
    • STATUS: Back on Market
    • ON SITE: 23 days
    • MLS #: 202135621
    $259,900
    • 4
      BEDS
    • 0.31
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,513
      SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:
    Area:

    School Information

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

    Description

    13 mobile home lots of which 9 are rented and a 4-plex with zoning of CM4. 7 are rented for for $210/month + $34/month surcharge for water/sewer/trash and 2 are parked owned homes that is all inclusive(water/sewer/trash tenant still pays electricity and gas). 4-plex that rents for $1645/month. Over the last 3 years of ownership rents have been increased on the 4-plex without an increase for any of the mobile homes that are under market rents for the area. 3 trailers that currently are unrented and in disrepair are included in sale as well and could be pulled or fixed for addtional monthly income. Gross rents will be over $51k in 2021 with room for growth. Over $15k+ worth of upgrades have been done to park and 4-plex in last year and a half.

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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: 2021-09-19T00:27:40.3.

    www.teamtamara.com/homes/120850605
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    707 E Paulding Road Fort Wayne, IN 46816

    • Price: $259,900
    • Status: Back on Market
    • MLS #: 202135621
    4
    Beds
    4
    Baths
    0
    ½ Baths
    0.31
    Acres
    3,513
    SQFT
    $74
    $/SQFT
    1930
    Built
    Neighborhood:
    None
    County:
    Allen
    Area:
    Allen
    Elementary School:
    Levan R. Scott Academy
    Middle School:
    Miami
    High School:
    Wayne
    School District:
    Fort Wayne Community
    Property Description
    13 mobile home lots of which 9 are rented and a 4-plex with zoning of CM4. 7 are rented for for $210/month + $34/month surcharge for water/sewer/trash and 2 are parked owned homes that is all inclusive(water/sewer/trash tenant still pays electricity and gas). 4-plex that rents for $1645/month. Over the last 3 years of ownership rents have been increased on the 4-plex without an increase for any of the mobile homes that are under market rents for the area. 3 trailers that currently are unrented and in disrepair are included in sale as well and could be pulled or fixed for addtional monthly income. Gross rents will be over $51k in 2021 with room for growth. Over $15k+ worth of upgrades have been done to park and 4-plex in last year and a half.
    Exterior Features

    Exterior Vinyl Lot Description Corner Lot Dimensions 146 X 180 Outbuilding None Parking Spaces 4 Pool YN No Style Two Story Waterfront YN No

    Interior Features

    Above Grade Bedrooms 4 Above Grade Finished Sqft 2358 Above Grade Unfin Sq Ft 0 Amenities Basement Basement Foundation Unfinished Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 1155 Below Grade Unfin Sq Ft 1155 Cooling Window Dishwashers 0 Disposals 0 Dryers 0 Flooring Mixed Heating Fuel Conventional Microwaves 0 Ranges Ovens 4 Refrigerators 4 Rooms Below Grade 0 Total Baths 4 Total Below Grade Sqft 2310 Total Sq Ft 4668 Wash Dry Hookups 0 Washers 0

    Property Features

    Annual Electric Expense 111 Annual Fuel Expense 114 Annual Gross Rent 51936 Annual Insurance Expense 4000 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 45422 Annual Property Tax 1560 Annual Trash Expense 178 Annual Water Sewer Exp 551 Assessed Value 71300 Assoc Dues Frequency Not Applicable Efficiencies 0 For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 4328 Gross Monthly Rent 4328 Lease Term Renewal Options New Construction No One Bedrooms 4 Owner Pays Building InsuranceElectricFuelLawn MaintenanceMaintenanceSewerSnow RemovalTrash CollectionWater Owner Real Estate License YN Yes Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Other Reo YN No Sale Includes BuildingLand Sewer City Tenant Pays Electric Three Bedrooms 0 Township Wayne Two Bedrooms 0 Units Rented 4 Water Utility City Year Taxes Payable 2020

    Listing courtesy of Adam Gerig of Century 21 Bradley Realty, Inc.
    © 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: 2021-09-19T00:27:40.3.

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