1426 High, Fort Wayne, IN 46808-3419
Overview
| MLS ID: | #202425822 |
|---|---|
| Price: | $ 289,900 |
| Sq Ft: | 3,034 |
| Finished Sq Ft: | 3,034 |
| Lot Size: | 0.27 Acres |
| Year Built: | 1900 |
| Bedrooms: | 5 |
| Full Bathrooms: | 5 |
| Half Bathrooms: | |
| Taxes: | $ 2,300 |
This well-maintained 5-plex in Fort Wayne offers a compelling opportunity for investors seeking consistent income and long-term value. Featuring five one-bedroom, one-bathroom units, this property offers a well-balanced layout for strong rental demand. Currently, the owner covers all utilities. However, the potential for increased income exists by implementing RUBS. This prime location caters to a variety of tenant preferences, reflected in the property’s historical gross rent of $3,050 per month. The property boasts a coveted location close to the downtown core, ensuring convenient access to amenities, while also being just minutes from Promenade Park and the beautiful Lindenwood Nature Preserve. With its strong rental demand, potential for appreciation, and access to both urban excitement and natural beauty, this 5-plex positions you for success in a growing market.
MLS ID: 202425822
Details
| # of Units | 5 |
|---|---|
| Price Per Unit | 57,980 |
| Above Grade Finished SF | 3,034 |
| Above Grade Unfinished SF | 1 |
| Combined Finished SF | 3,034 |
| Below Grade Finished SF | 0 |
| Below Grade Unfinished SF | 0 |
| Total Below Grade SF | 0 |
| Total Sq Ft | 3,034 |
| Lot Dimensions | 86X139 |
| Approx Lot Size SqFt | 11,954 |
| Approx Lot Size Acres | 0.270 |
| Garage SF | 2,300 |
|---|---|
| Garage # of Cars | 1 |
| # of Fireplaces | 3 |
| Water Front | No |
|---|
| Style | Other |
|---|---|
| New Construction | No |
| Elementary School | Washington |
|---|---|
| Middle School | Portage |
| Senior | Wayne |
| District | Fort Wayne Community |
| # Bedrooms | 5 |
|---|---|
| # of Full Baths | 5 |
| # of Half Baths | 0 |
| # Above Grade Bedrooms | 3 |
| Kitchen | 665 x 645 |
| Family Room | 595 x 600 |
| Bedroom 4 | 1 x 1 |
| Bedroom 5 | 5 x 5 |
| Laundry Room | 2 x |
| Other Room 2 | 1 x 3050 |
| Other Room 3 | 1 x |
| Annual Gross Rent Income | $36,600.00 |
|---|---|
| Annual Sewer Expense | $2,300.00 |
| Annual Fuel Expense | $1,800.00 |
| Annual Electric Expense | $5,450.00 |
| Annual Trash Expense | $0.00 |
| Annual Property Tax | $3,911.70 |
Map
Listing Office: eXp Realty, LLC
Listing Agent: Jordan Wildman
Disclaimer:
Mortgage
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