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1404 Fletcher Avenue

Fort Wayne, IN 46803
  • $129,000
  • STATUS: Pending
  • ON SITE: 216 Days
  • MLS #: 202115768
Pending
UPDATED: 32 min ago
$129,000
  • 9
    BEDS
  • 0.19
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 3,666
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

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

Description

This is a 9 room rental property, Rent collected weekly. Vinyl siding, Updated circuit breaker panel, updated Romex wiring, extra insulation blown in walls, Majority of windows are vinyl, hardwood floors, disconnected gas Furnace in basement, electric hot water heater. Tenants share two full bathrooms and a common kitchen. Property has a dry full basement for storage and a built in deposit box. 9 units Gross= $995 Weekly/$3980 per Month, $51,740 Annual income. Most tenants are students and demand is very high for weekly rentals. Range, Refrigerator, Microwave, Washer, Dryer and several mini fridges, and TVs included. Washer and Dryer are coin operated and also contribute to extra income av. $98/mo. This is a great return on investment and a good turn key business opportunity! Rooms are: $120,$115, $115,$115,$110,$110,$110,$110,and $90 weekly, Room Measurements in documents.

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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 The Natasha Hernandez Team | Keller Williams. Data last updated: 2021-12-08T11:28:19.867.

www.natashahernandez.com/homes/116789309
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1404 Fletcher Avenue Fort Wayne, IN 46803

  • Price: $129,000
  • Status: Pending
  • On Site: 216 Days
  • Updated: 32 min ago
  • MLS #: 202115768
9
Beds
2
Baths
0
½ Baths
0.19
Acres
3,666
SQFT
$0
$/SQFT
1900
Built
Neighborhood:
None
County:
Allen
Area:
Allen
Elementary School:
Washington
Middle School:
Portage
High School:
Wayne
School District:
Fort Wayne Community
Property Description
This is a 9 room rental property, Rent collected weekly. Vinyl siding, Updated circuit breaker panel, updated Romex wiring, extra insulation blown in walls, Majority of windows are vinyl, hardwood floors, disconnected gas Furnace in basement, electric hot water heater. Tenants share two full bathrooms and a common kitchen. Property has a dry full basement for storage and a built in deposit box. 9 units Gross= $995 Weekly/$3980 per Month, $51,740 Annual income. Most tenants are students and demand is very high for weekly rentals. Range, Refrigerator, Microwave, Washer, Dryer and several mini fridges, and TVs included. Washer and Dryer are coin operated and also contribute to extra income av. $98/mo. This is a great return on investment and a good turn key business opportunity! Rooms are: $120,$115, $115,$115,$110,$110,$110,$110,and $90 weekly, Room Measurements in documents.
Exterior Features

Architectural Style Foursquare Exterior Aluminum Fence None Location City/Town/Suburb Lot Description Corner Lot Dimensions 50 X 163 Outbuilding None Outbuilding Sq Ft 0 Parking Street Parking Spaces 9 Pool YN No Road Access City Road Surface Asphalt Roof Material Asphalt Style Multi-Story (3+) Water Features None Water Type None Waterfront YN No

Interior Features

Above Grade Bedrooms 9 Above Grade Finished Sqft 3666 Above Grade Unfin Sq Ft 0 Amenities Basement Basement Foundation Full Basement Basement Material Poured Concrete Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 1300 Cooling Window Dishwashers 0 Disposals 0 Dryers 0 Flooring Mixed Heating Fuel Baseboard Microwaves 0 Ranges Ovens 1 Refrigerators 1 Rooms Below Grade 0 Total Baths 2 Total Below Grade Sqft 1300 Total Sq Ft 4966 Unit1 Basement YN No Unit1 Bedrooms 1 Unit2 Basement YN No Unit2 Bedrooms 1 Unit3 Basement YN No Unit3 Bedrooms 1 Unit4 Basement YN No Unit4 Bedrooms 1 Unit5 Basement YN No Unit5 Bedrooms 1 Unit6 Basement YN No Unit6 Bedrooms 1 Wash Dry Hookups 1 Washers 0

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 47040 Annual Insurance Expense 0 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 45354 Annual Property Tax 1686 Annual Trash Expense 0 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Assoc Restrictions YN No Association Dues 0 Buildings 1 Date Completed 1900 Documents Available Lbp FormLease Efficiencies 0 Electric Meters 1 Excluded From Sale Tenants Possessions Exemptions No Exemptions Existing Financing None For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 1 Government Subsidized YN No Gross Monthly Income 3920 Gross Monthly Rent 3920 Inside City Limits Yes Lease Term Week To Week New Construction No One Bedrooms 9 Other Fees 0 Owner Pays ElectricSewerTaxWater Owner Real Estate License YN No People Allowed 9 Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Other Proposed Financing CashConventional Reo YN No Restrictions YN No Sale Includes BuildingLandLease Sewer City Tenant Pays None Three Bedrooms 0 Township Wayne Two Bedrooms 0 Unit1 Unit Rent 110 Unit2 Unit Rent 110 Unit3 Unit Rent 110 Unit4 Unit Rent 110 Unit5 Unit Rent 110 Unit6 Unit Rent 110 Units Rented 9 Water Meters 1 Water Utility City Year Taxes Payable 2020

Listing courtesy of Gary Brigman of Keller Williams Realty Group.
© 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 The Natasha Hernandez Team | Keller Williams.


© 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 The Natasha Hernandez Team | Keller Williams. Data last updated: 2021-12-08T11:28:19.867.

 
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