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713 Archer Avenue

Fort Wayne, IN 46808
  • $1,089,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 202147823
UPDATED: 69 min ago
$1,089,000
  • 2
    BEDS
  • 0.15
    ACRES
  • 1
    BATHS
  • 1
    1/2 BATHS
  • 1,134
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:
Area:

School Information

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

Description

This house is being sold as a package deal only with 10 other single family homes. All but one house is located in the booming 46808 near the new Riverfront development at Promenade Park. Sales have shown a 20% increase in value over the last year in the 46808 zip code. Fort Wayne was ranked the nations hottest Real Estate market 7 months in a row during 2019-2020. Also new to Fort Wayne and within minutes of these houses is the Electric Works project, a commercial, residential, and retail, public and private funded facility with the 1st phase consisting of 12 acres and $280 million in funding. Not only is this a great money maker, the package is increasing in value, and almost all of the tenants are long term, one over 12 years with the average around 6 years.

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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: 2021-12-08T09:27:47.063.

www.natashahernandez.com/homes/123287528
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713 Archer Avenue Fort Wayne, IN 46808

  • Price: $1,089,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 69 min ago
  • MLS #: 202147823
2
Beds
1
Baths
1
½ Baths
0.15
Acres
1,134
SQFT
$960
$/SQFT
1925
Built
Neighborhood:
Huffman(S)
County:
Allen
Area:
Allen
Elementary School:
Franke Park
Middle School:
Northwood
High School:
North Side
School District:
Fort Wayne Community
Property Description
This house is being sold as a package deal only with 10 other single family homes. All but one house is located in the booming 46808 near the new Riverfront development at Promenade Park. Sales have shown a 20% increase in value over the last year in the 46808 zip code. Fort Wayne was ranked the nations hottest Real Estate market 7 months in a row during 2019-2020. Also new to Fort Wayne and within minutes of these houses is the Electric Works project, a commercial, residential, and retail, public and private funded facility with the 1st phase consisting of 12 acres and $280 million in funding. Not only is this a great money maker, the package is increasing in value, and almost all of the tenants are long term, one over 12 years with the average around 6 years.
Exterior Features

Exterior Wood Lot Description Level Lot Dimensions 46X144 Outbuilding 2nd Detached Garage Outbuilding Sq Ft 400 Parking Spaces 5 Pool YN No Style One And Half Story Waterfront YN No

Interior Features

Above Grade Bedrooms 2 Above Grade Finished Sqft 1134 Above Grade Unfin Sq Ft 0 Amenities Basement Basement Foundation Full Basement Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 684 Cooling Central Air Dishwashers 0 Disposals 0 Dryers 0 Flooring Carpet Heating Fuel Gas Microwaves 0 Ranges Ovens 1 Refrigerators 1 Rooms Below Grade 1 Total Baths 2 Total Below Grade Sqft 684 Total Sq Ft 1818 Wash Dry Hookups 1 Washers 0

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 92400 Annual Insurance Expense 3600 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 80265 Annual Property Tax 8535 Annual Trash Expense 0 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Efficiencies 0 For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 7700 Gross Monthly Rent 7700 Lease Term 1 Year New Construction No One Bedrooms 0 Owner Pays Tax Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Other Reo YN No Sale Includes Building Sewer City Tenant Pays ElectricHeatingSewerWater Three Bedrooms 0 Township Wayne Two Bedrooms 0 Units Rented 1 Water Utility City Year Taxes Payable 2019

Listing courtesy of Brad Lemay of Minear Real Estate.
© 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: 2021-12-08T09:27:47.063.

 
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The Natasha Hernandez Team | Keller Williams
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Goshen IN, 46562