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Patton Hall Real Estate
1605 W 4th St, Fort Wayne, IN 46808-2581
- $209,900
- 4
- BD
- 2
- BA
- 1,320
- SqFt
Listing courtesy of Richard Rutledge from Trueblood Real Estate, LLC.. Cell: 260-267-8220
- List Price
- $209,900
- Status
- ACTIVE
- MLS#
- 202646637
- Style
- Traditional
- Year Built
- 1935
- Days On Market
- Unknown
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1,320
- Township
- Wayne
Property Description
EXCEPTIONAL INVESTMENT OPPORTUNITY IN THE HEART OF FORT WAYNE! This income-producing duplex boasts an impressive rental history of $1,100 per unit per month, generating $26,400 in annual gross rental income and historically NETTING $20,150 ANNUALLY AFTER EXPENSES! Whether you're a seasoned investor or just getting started, this property offers outstanding cash flow potential with low operating expenses!. Both units feature separate gas and electric meters, with tenants paying their own utilities, along with individual gas forced air furnaces and water heaters. The owner pays only water and trash, averaging just $120 per month. LOW PROPERTY TAXES add even more appeal at only $2,134 annually with NO exemptions. Both units enjoy basement access with separate laundry hookups, while the lower unit has been refreshed with ALL NEW PAINT AND CARPET! The detached garage provides even more opportunity, offering convenient personal storage or the potential for ADDITIONAL RENTAL INCOME! Conveniently located in the heart of Fort Wayne, this duplex delivers the perfect combination of proven rental history, attractive operating expenses, and additional income potential. STRONG CASH FLOW, LOW TAXES, AND EXCELLENT INVESTMENT POTENTIAL. Don't miss your chance to add this income-producing property to your portfolio.
Additional Information
- Acres
- 0.13
- Taxes
- $2,134
- Lot Features
- Level
- Water
- City
- Heating
- Natural Gas, Forced Air
- Cooling
- Window/Wall
- Flooring
- Carpet, Laminate
- School District
- Fort Wayne Community
- Elementary School
- Price
- Middle School
- Northwood
- High School
- North Side
- Agent Name
- Richard Rutledge
Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. 