1404 Fletcher Avenue Fort Wayne, IN 46803 Pending

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Other • 121Y Old

$134,000

1404 Fletcher Avenue

9 Bedrooms
2 Bathrooms
3666 Sq Ft
0.19 Acres
Property Description

PRICE REDUCED, 9 room rental property. Rent is collected weekly. Vinyl siding, Updated circuit breaker panel, updated Romex wiring, extra insulation blown in walls, Majority of windows are vinyl, hardwood floors, disconnected gas Furnace in basement, electric hot water heater. Tenants share two full bathrooms and a common kitchen. Property has a dry basement for storage and a built in deposit box. 9 units Grosses= $980 Weekly!!, $3920 / Month, $47,040 Annual income. Most tenants are students and demand is very high for weekly rentals. Range, Refrigerator, Microwave, Washer, Dryer and several mini fridges, and TVs included. Washer and Dryer are coin operated and also contribute to extra income av. $98/mo. This is a great return on investment and a good turn key business opportunity! Rooms are: $120,$110, $110,$110,$110,$110,$110,$110,and $90 weekly, Or can be made to be monthly leases. Listing agent to be present for showings. Room Measurements in documents. Average utilities: Water $126/mo, Electric $940/mo. Insurance $1900 Yearly. All electric baseboard heat.

Directions

From Jefferson/Maumee, go South on Anthony Blvd. Turn left on Luther and the property will be at the next corner on the right.

Map to 1404 Fletcher Avenue, Fort Wayne, IN 46803

Property
MLS # 202115768
Status Pending
Property Type Investment
Property SubType Other
Square Feet 3666 Sq Ft
New Construction No
Style Multi-Story (3+)
Type Other
Bedrooms 9
Bathrooms 2
Year Taxes Payable 2020
Year Built 1900
Virtual Tour propertypanorama.com »
Days on Market 156
External Features
Construction Other
Lot Size 8,150 sq ft
Acreage 0.19 Acres
Lot Dimensions 50 x 163
Fence None
Location
Area Allen County
County Allen
Subdivision None
Township Wayne
City Fort Wayne
State IN
Zip 46803
Schools
School District Fort Wayne Community
Elementary Washington
Middle School Portage
High School Wayne
Financial
Assoc. Dues $0.00 Not Applicable
Assoc. Restrictions No

MLS# 202115768.
Listing Provided Courtesy of Gary Brigman
Keller Williams Realty Group

IDX information provided by the Indiana Regional MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated Thursday, October 21st, 2021 at 3:30 AM EDT.

Learn More About 1404 Fletcher Avenue

Presented By
Regi Miller
Regi Miller
(260) 246-0982
Email
Select Agent to Contact

By clicking "Message Agent", you agree to be contacted by Regi Miller about your request. Please see our Privacy Policy.