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    1223 Michigan Avenue

    Fort Wayne, IN 46802
    • $174,300
    • STATUS: Active
    • ON SITE: 13 days
    • MLS #: 202128056
    Price Reduced
    $174,300
    • 4
      BEDS
    • 0.12
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,236
      SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:
    Area:

    School Information

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

    Description

    INVESTMENT OPPORTUNITY!! This 3 unit complex was totally painted and new roof in 2020 , newer water heater and windows in 07. 4 bedroom, 3 bath rents for 550/575/600 and an additional 25 if they want to use the washer/dryer in the basement. Heater just had a tune-up and new blower installed. Unit 3 just became open, but Units 1 and 2 are solid renters. There are separate electric meters, so owner pays gas, water and Comcast.

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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 Anthony REALTORS. Data last updated: 2021-07-28T00:27:52.763.

    www.indianahomehub.com/homes/119320231
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    1223 Michigan Avenue Fort Wayne, IN 46802

    • Price: $174,300
    • Status: Active
    • MLS #: 202128056
    4
    Beds
    3
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,236
    SQFT
    $78
    $/SQFT
    1910
    Built
    Neighborhood:
    Old Orchard
    County:
    Allen
    Area:
    Allen
    Elementary School:
    Study
    Middle School:
    Kekionga
    High School:
    South Side
    School District:
    Fort Wayne Community
    Property Description
    INVESTMENT OPPORTUNITY!! This 3 unit complex was totally painted and new roof in 2020 , newer water heater and windows in 07. 4 bedroom, 3 bath rents for 550/575/600 and an additional 25 if they want to use the washer/dryer in the basement. Heater just had a tune-up and new blower installed. Unit 3 just became open, but Units 1 and 2 are solid renters. There are separate electric meters, so owner pays gas, water and Comcast.
    Exterior Features

    Architectural Style Cape Cod Driveway Concrete Exterior Wood Location City/Town/Suburb Lot Description Rolling Lot Dimensions 40X125 Outbuilding 2nd Detached Garage Outbuilding Sq Ft 400 Parking Off StreetStreet Parking Spaces 4 Pool YN No Road Access City Road Surface Paved Roof Material Asphalt Style Two And Half Story Water Features None Waterfront YN No

    Interior Features

    Above Grade Bedrooms 4 Above Grade Finished Sqft 2236 Above Grade Unfin Sq Ft 0 Amenities BasementCeiling FanPorch CoveredPorch EnclosedWater Heater Gas Basement Foundation Full Basement Basement Material Block Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 1118 Cooling Window Dishwashers 0 Disposals 0 Dryers 1 Flooring CarpetLaminate Heating Fuel Gas Main Level Sq Ft 1118 Microwaves 0 Ranges Ovens 3 Refrigerators 3 Rooms Below Grade 0 Total Baths 3 Total Below Grade Sqft 1118 Total Sq Ft 3354 Unit1 Basement YN Yes Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit1 Sq Ft 578 Unit2 Basement YN Yes Unit2 Bathrooms 1 Unit2 Bedrooms 1 Unit2 Sq Ft 540 Unit3 Basement YN Yes Unit3 Bathrooms 1 Unit3 Bedrooms 2 Unit3 Sq Ft 1118 Upper Level Sq Ft 1118 Wash Dry Hookups 1 Washers 1

    Property Features

    Annual Electric Expense 1680 Annual Fuel Expense 845 Annual Gross Rent 19500 Annual Insurance Expense 600 Annual Maint Expense 200 Annual Misc 200 Annual Net Income 12283.34 Annual Property Tax 2251.66 Annual Trash Expense 0 Annual Water Sewer Exp 1440 Assoc Dues Frequency Not Applicable Buildings 2 Cable Company Comcast Common Amenities Cable Tv Antenna Cross Street Nelson Documents Available Lbp FormSellers DisclosureUtility Bill Information Efficiencies 0 Electric Company Aep/I&Amp;M Electric Meters 3 Energy Efficient Water HeaterWindows Energy Efficient Windows Doors Double Pane Windows Existing Financing Clear For Sale Or Rent For Sale Four Bedrooms 0 Gas Company Nipsco Gas Meters 1 Gross Monthly Income 1625 Gross Monthly Rent 1625 Lease Term Renewal Options New Construction No One Bedrooms 2 Owner Pays CableHeatingLawn MaintenanceMaintenanceSewerTaxTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Triplex Proposed Financing CashConventional Reo YN No Sale Includes BuildingLand Sewer City Tenant Pays ElectricSnow Removal Three Bedrooms 0 Township Wayne Two Bedrooms 1 Unit1 Unit Rent 550 Unit2 Unit Rent 475 Unit3 Unit Rent 600 Units Rented 2 Water Company Fort Wayne City Utilities Water Meters 1 Water Utility City Year Taxes Payable 2020 Zoning Description Multi Family Residence

    Listing courtesy of Terri Sonner of Life Key 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 Anthony REALTORS.


    © 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 Anthony REALTORS. Data last updated: 2021-07-28T00:27:52.763.

     
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    Anthony REALTORS
    239 W Baker Street
    Fort Wayne IN, 46802