An upper and lower duplex. Both have two bedrooms. separate water heaters, 100 Amp electrical services and gas forced air furnaces with A/C's. Owner pays water and sewer. A charming property with nice yard and three car garage. Garage currently rents for $100.00 per month on a month to month basis. If you desire a single family home, simply remove three foot of wall and have a four or five bedroom home with two full baths. The fireplace is non-functional. The income and expenses shown in this listing are the actual for 2018, except actual taxes paid were 1119.32. A diligent buyer can make an attractive rate of return plus realize the benefits of depreciation, mortgage paydown by the tenants, real estate appreciation and rental appreciation. Property is owned by the listing agent.
Off market
$228,200
1027 Elmwood Ave, Fort Wayne, IN 46805
4beds
2,178sqft
MultiFamily
Built in 1940
-- sqft lot
$228,200 Zestimate®
$105/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 4
Heating
- Forced air, Gas
Cooling
- Central
Appliances
- Included: Range / Oven, Refrigerator, Washer
- Laundry: In Basement, Other
Features
- Fireplace, Basement
- Flooring: Tile, Carpet, Hardwood, Linoleum / Vinyl
- Basement: Unfinished
- Has fireplace: Yes
- Common walls with other units/homes: No One Below, No One Above
Interior area
- Total interior livable area: 2,178 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: On-street, Garage
Features
- Exterior features: Stone
Lot
- Size: 6,751 sqft
- Features: Corner Lot
- Topography: Level
- Residential vegetation: Partially Wooded
Details
- Parcel number: 021201128025000074
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
Materials
- masonry
- Foundation: Crawl/Raised
- Roof: Asphalt
Condition
- Year built: 1940
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: City
Community & neighborhood
Location
- Region: Fort Wayne
Other
Other facts
- Flooring: Wood, Carpet, Vinyl Tile
- Sewer: Public Sewer
- Heating: Forced Air, Natural Gas
- Topography: Level
- Roof: Asphalt
- ArchitecturalStyle: Two Story
- HeatingYN: true
- NumberOfUnitsTotal: 2
- CoolingYN: true
- RoomsTotal: 9
- ConstructionMaterials: Stone, Aluminum Siding
- LeaseTerm: 12 Months
- OwnerPays: Sewer, Insurance, Water, Taxes, Common Area Maintenance
- LotFeatures: Corner Lot
- MainLevelBathrooms: 4
- FarmLandAreaUnits: Square Feet
- FoundationDetails: Stone
- NumberOfUnitsLeased: 0
- TrashExpense: 0
- CommonWalls: No One Below, No One Above
- Vegetation: Partially Wooded
- Cooling: Central Air
- OpenParkingYN: true
- TenantPays: Electricity, Heating, Cooling
- InteriorFeatures: Fireplace, Basement
- BelowGradeFinishedArea: 0
- LaundryFeatures: In Basement, Other
- ElectricExpense: 0
- FuelExpense: 0
- GrossIncome: 1490
- Gas: Gas
- CommunityFeatures: City/Town/Suburb
- ExteriorFeatures: Near Walking Trail
- WaterSource: City
- ParkingFeatures: Stone
- MaintenanceExpense: 909
- InsuranceExpense: 549
Services availability

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$228,200
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