1833 Wells, Fort Wayne, IN 46808-2471

Overview

MLS ID: #201929456
Price: $ 229,000
Sq Ft: 3,843
Finished Sq Ft: 3,843
Lot Size: 0.06 Acres
Year Built: 1930
Bedrooms: 4
Full Bathrooms: 4
Half Bathrooms: 2
Taxes: $ 1,200
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100% leased at a 10% Cap! Income stream opportunity located down the street from Promenade Park. Retail space on main floor is occupied by single tenant on a 3-year lease beginning June 2019. Upstairs has 4 new tenants with leases beginning in Feb-June 2019. Tenants pay base rent plus electrical. Owner pays all other utilities and expenses. Building has new tear-off roof (2017). Main level has all new flooring, paint, LED lighting and electrical (2019). The property is adjacent to residential neighborhoods and positioned on an urban retail corridor that provides fantastic foot traffic through the area.

MLS ID: 201929456

Details

# of Units 5
Price Per Unit 45,800
Above Grade Finished SF 3,843
Above Grade Unfinished SF 0
Combined Finished SF 3,843
Below Grade Finished SF 1,963
Below Grade Unfinished SF 1,963
Total Below Grade SF 1,963
Total Sq Ft 5,806
Lot Dimensions 50x50
Approx Lot Size SqFt 2,500
Approx Lot Size Acres 0.05740
Garage SF 1,800
Garage # of Cars 1
Water Front No
Style Two Story
New Construction No
Elementary School Bloomingdale
Middle School Lakeside
Senior North Side
District Fort Wayne Community
# Bedrooms 4
# of Full Baths 4
# of Half Baths 2
# Above Grade Bedrooms 2
Kitchen 450 x 400
Family Room 425 x 425
Bedroom 5 4 x 4
Other Room 2 1 x 2900
Other Room 3 1 x
Annual Gross Rent Income $34,800.00
Annual Sewer Expense $1,800.00
Annual Fuel Expense $2,400.00
Annual Electric Expense $1,200.00
Annual Trash Expense $0.00
Annual Property Tax $2,150.00

Listing Office: Sturges Property Group

Listing Agent: Andrew Eckert

Disclaimer:

Property information is provided by the Indiana Regional MLS. The 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. The data is deemed reliable but is not guaranteed accurate by the IRMLS. Featured Properties may have updated information provided by Myers Trust.
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