2825 Edwards Street

Fort Wayne, IN 46802 View Map $128,500 Ask a Question
Beds4
Baths2
Sq.Ft.1,627
Year1920

Jennifer Stallings

(812) 470-1708

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Status: Sold
Property Type:Multi-Family
MLS #:202413406
Sq. Feet:1,627
Date Sold:5/17/2024
Lot Size:0.4 Acres
County:Allen
This recently remodeled home presents a golden opportunity for savvy investors. Turnkey investment opportunity with fully remodeled interior in 2023 including kitchen, bathrooms, and mechanicals (Furnace + Water Heater - 1 year, Roof - 3 years). Located near everything downtown offers, the property boasts a spacious lot, perfect for long-term value. Enjoy immediate cash flow from day one with a professional management company and a tenant already in place with all utilities, lawn care and snow removal covered by the tenant. This income-generating property offers a chance to add a stable asset to your portfolio in a highly desirable location. Tenant occupied through November 30.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
5/20/2024$139,900$128,500-8.1%
Listing provided courtesy of Jordan Wildman, Exp Realty, LLC (260-498-0384).

Community Information

Address:2825 Edwards Street, Fort Wayne, IN 46802
County:Allen
City:Fort Wayne
Township:Wayne
Subdivision:Connett(S)
Zip Code:46802

School Information

Schools:Fort Wayne Community
High School:South Side
Middle School:Kekionga
Elementary School:Study

Architecture

Bedrooms: 4
Bathrooms: 2
Year Built:1920
Stories:2
Style:Two Story
Above Grade Bedrooms: 4
Total Rooms Below Grade: 1
Unit 1 Bedrooms: 4
Unit 1 Bathrooms: 2
Roof: Asphalt
Basement: Partial Basement
Parking: Off Street

Features / Amenities

Sale Includes: Building
Flooring: Carpet, Vinyl
Exterior: Vinyl
Lease Term: 1 Year
Heating: Gas, Forced Air

Square Footage

Finished Sq. Ft. Unfinished Sq. Ft.
Above Grade 1627 175
Below Grade 0 750
Non-Conforming 0 0
Total 1627 925

Property Features

Lot Size: 0.4 Acres
Lot Dimensions:121X145
Lot Description: Level
Location: City/Town/Suburb
Outbuilding 1: Shed (8'x10')
Water: City
Sewer: City
Directions:Enter address into Google maps.

Tax and Financial Info

Year Taxes Payable: 2024
Gross Monthly Income: 1257
Rent Income: 15084
Gross Monthly Rent: 1257
Net Income: 10920.72
Owner Pays: Building Insurance, Maintenance
Tenant Pays: Electric, Fuel, Lawn Maintenance, Snow Removal, Trash Collection, Water
Available Documents: LBP Form, Lease, Sellers Disclosure
Lot Number: 1
Proposed Financing: Conventional
Annual Maint Expense: 1200

Schools

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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.

IDX information provided by the Indiana Regional MLS

Listing Information Last Updated May 24, 2024 5:45 AM CST