4 unit 2 story plus a stand alone one level one unit building. 2 buildings 5 units all together. Making Money. It can be yours. Well maintained. Good Tenants. Newer furnace and Brand Newly Installed A/C Unit for the entire 4 unit building. Electric wall heat and air conditioning in the single unit. Plenty of off street parking in the gravel lot from the alley. Tenant pays electric on the single unit. Owner pays city utilities, trash for all units. Owner pays all utilities on the 4 unit. Net annual income after expenses $20,000. All units are occupied. Income/Expenses listed are real numbers.
Off market
$224,400
1022 High St, Fort Wayne, IN 46808
5beds
2,916sqft
MultiFamily
Built in 1920
-- sqft lot
$224,400 Zestimate®
$77/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced air, Gas
Cooling
- Central, Wall
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Unit 1 Laundry Room(None), Unit 3 Laundry Room(None), Unit 2 Laundry Room(None), Unit 4 Laundry Room(None), Unit 5 Laundry Room(None)
Features
- Open Floorplan
- Flooring: Carpet, Linoleum / Vinyl
- Basement: Unfinished, Full, Concrete
Interior area
- Total interior livable area: 2,916 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
Features
- Entry location: Unit 1 Level(Main),Unit 2 Level(Upper),Unit 3 Level(Main),Unit 4 Level(Upper)
- Exterior features: Wood, Brick
- Waterfront features: No Water Features
Lot
- Size: 5,662 sqft
- Features: Level, City Lot, City/Town/Suburb, Near Walking Trail
Details
- Zoning: City Zoning(C2)
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1920
Utilities & green energy
- Gas: NIPSCO
- Sewer: City
- Water: City, Fort Wayne City Utilities
Community & neighborhood
Location
- Region: Fort Wayne
HOA & financial
Other financial information
- Total actual rent: 33600
Other
Other facts
- Flooring: Carpet, Vinyl
- Heating: Forced Air, Natural Gas
- Appliances: Range/Oven, Refrigerator, Electric Water Heater
- Basement: Unfinished, Full, Concrete
- HeatingYN: true
- CoolingYN: true
- Roof: Flat
- RoomsTotal: 1
- LeaseTerm: 12 Months, Unit 1 Rent Frequency(Monthly), Unit 2 Rent Frequency(Monthly), Unit 3 Rent Frequency(Monthly), Unit 4 Rent Frequency(Monthly), Unit 5 Rent Frequency(Monthly)
- OwnerPays: Sewer, Trash Collection, Grounds Care, Water, Taxes, Electricity, Maintenance, Unit 1 Electric, Unit 3 Electric, Unit 2 Electric, Unit 4 Electric, Fuel, Unit 1 Gas, Unit 2 Gas, Unit 3 Gas, Unit 4 Gas
- ConstructionMaterials: Wood Siding, Brick
- NumberOfUnitsTotal: 5
- LotFeatures: Level, City Lot, City/Town/Suburb, Near Walking Trail
- PetsAllowed: Yes
- NumberOfBuildings: 2
- NumberOfUnitsLeased: 5
- FarmLandAreaUnits: Square Feet
- TrashExpense: 780
- MaintenanceExpense: 900
- Cooling: Central Air, Wall Unit(s)
- OpenParkingYN: true
- TenantPays: Unit 5 Electric
- GrossIncome: 2800
- CommunityFeatures: Sidewalks
- ParkingFeatures: Off Street, On Street, Gravel, Parking Lot, Private, No Driveway, Unit 2 Garage TypeNone), Unit 3 Garage TypeNone), Unit 4 Garage TypeNone), Unit 5 Garage TypeNone)
- WaterSewerExpense: 1800
- BelowGradeFinishedArea: 0
- FoundationDetails: Basement
- InteriorFeatures: Open Floorplan
- CurrentFinancing: Clear
- NumberOfSeparateElectricMeters: 3
- NumberOfSeparateGasMeters: 1
- WaterSource: City, Fort Wayne City Utilities
- NumberOfSeparateWaterMeters: 1
- FuelExpense: 2400
- ElectricExpense: 3600
- OtherExpense: 0
- Sewer: City
- TotalActualRent: 33600
- InsuranceExpense: 2055
- MlsStatus: Active
- EntryLocation: Unit 1 Level(Main),Unit 2 Level(Upper),Unit 3 Level(Main),Unit 4 Level(Upper)
- WaterfrontFeatures: No Water Features
- Gas: NIPSCO
- Zoning: City Zoning(C2)
- LaundryFeatures: Unit 1 Laundry Room(None), Unit 3 Laundry Room(None), Unit 2 Laundry Room(None), Unit 4 Laundry Room(None), Unit 5 Laundry Room(None)
- NetOperatingIncome: 20865
Services availability
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$224,400
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$228,888