Investor's Opportunity! Now offering a triplex with in-town conveniences so tenants have quick access to downtown shopping, restaurants, Center Park, and events. This building offers a spacious one bedroom apartment with a full basement for storage and 2-two bedroom apartments. Each unit is separately metered so tenants pay their own electric, gas, and water. Owner pays for lawn care, sewer and trash. There is also a two car garage that could be rented to the tenants for additional income or used as a centrally located storage place for the Warsaw-based investor. Unit 206 was leased at $775/month but is now intentionally vacant so the new owner can place their own tenant. Recent updates include: flooring throughout (2020), 206: cabinetry & countertops (2020) water heater (2022), 208: oven (2021). Unit 204 is large enough to convert to a two bedroom pass through unit. With professional management in place, this turnkey rental is ready for you to grow your portfolio.
Closed
$195,000
204 N Fort Wayne Ave, Warsaw, IN 46580
5beds
3,246sqft
Triplex
Built in 1880
-- sqft lot
$222,000 Zestimate®
$--/sqft
$1,383 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 23, 2024 at 06:34am
Listed by:
James Bausch Cell:574-742-4531,
RE/MAX Results- Warsaw
Bought with:
Geoff Cavender, RB17002203
eXp Realty, LLC
Source: IRMLS,MLS#: 202335195
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Cooling
- Window Unit(s)
Appliances
- Laundry: Washer Hookup
Features
- Ceiling Fan(s), Storage
- Flooring: Carpet, Laminate
- Basement: Full,Unfinished
Interior area
- Total structure area: 4,418
- Total interior livable area: 3,246 sqft
- Finished area above ground: 3,246
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Off Street Parking
- Covered spaces: 2
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Porch Covered
Lot
- Size: 1,742 sqft
- Dimensions: 27X62
- Features: Corner Lot, 0-2.9999, City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 431108200857.000032
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Vinyl Siding
- Foundation: Basement
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1880
Utilities & green energy
- Electric: NIPSCO
- Gas: NIPSCO
- Sewer: City
- Water: City, Indiana American Water Co
Community & neighborhood
Location
- Region: Warsaw
- Subdivision: Lansdales
HOA & financial
Other financial information
- Total actual rent: 27300
Other
Other facts
- Listing terms: Cash,Conventional