$134,000
$139,900
4.2%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
2,815 SqFt
SOLD DATE : 10/09/2020
Key Details
Sold Price $134,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,815 sqft
Subdivision L H Moores
MLS Listing ID 202032052
Sold Date 10/09/20
Style Two Story
Bedrooms 4
Full Baths 4
Abv Grd Liv Area 2,815
Total Fin. Sqft 2815
Year Built 1895
Annual Tax Amount $1,980
Tax Year 1422
Lot Size 6,446 Sqft
Property Description
*ATTENTION INVESTORS* Take a look at this well preserved fourplex in the heart of Fort Wayne! Adjacent to the GE renovation project, this home includes a 3 stall garage which the previous owner rented for $150 per month (not included in our current assessment of gross rent). There are 4 breaker boxes, one per unit and all have been updated within the last 2 years. The sewer line from the house to the street was replaced 3 years ago. The boiler was updated and the widow wraps were done 6 years ago. The garage got new siding and overhead doors 8 years ago. A current Conventional Mortgage at 75% LTV from Ruoff Mortgage as of this morning will come with an interest rate of 4.375% making your monthly payment $742. And taking your initial investment of 25% or $34,975 broken down over 360 months adds another $97 dollars to your cost, bringing the total cost of monthly financing $839. All said and done with financing you net $348 per month which is a 29% ROI per month. This is a safe and easy way to start making money in real estate today! https://youtu.be/2dkjFDc2qSA
Location
State IN
Area Allen County
Direction Head South from Downtown on Broadway. Before Taylor turn Right on Stophlet and House will be down on the Left.
Rooms
Family Room 450 x 450
Dining Room 0 x 450
Kitchen , 450
Interior
Flooring Carpet, Tile, Vinyl
Fireplaces Number 4
Appliance Building, Land, Lease
Laundry , 0
Exterior
Garage Spaces 1.0
Amenities Available Basement, Off Street Parking, Water Heater Gas
Waterfront No
Roof Type Asphalt,Shingle
Building
Lot Description Level
Story 2
Structure Type Asbestos,Shingle
New Construction No
Schools
Elementary Schools Study
Middle Schools Kekionga
High Schools South Side
School District Fort Wayne Community
Others
Financing Cash,Conventional
Read Less Info
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IDX information provided by the Indiana Regional MLS
Bought with David Barlag • CENTURY 21 Bradley Realty, Inc