**Multiple offer received. Highest and Best by 10PM, 01/14/2020 ** Historic income flowing duplex right in the Opportunity Zone, on Wells Corridor. A short walk to Promenade Park and downtown area (less than a mile)! Many possibilities...live in one unit and rent the other to pay your mortgage and you can live FREE !! Each unit has a large extra room that with an addition od a door can be a 3rd bedroom ! Rent both and make double your mortgage in gross income flow, buy it cash and get instant returns on your cash! Laundry hook ups! Fully rented, tenants pay electric. Long term tenants wish to remain. Owner pays water and gas. Act on this one before it's gone ! Hard to come by such a historic building at this price, in a designated Opportunity Zone! (Consult your tax professional on benefits of investing in an Opportunity zone).Bring in your offer! Both units are rented, tenant rights apply. Please allow 24-48hrs for scheduling. COVID-19 addendum included. Please use all precautions necessary. Thank you !
Off market
Zestimate®
$152,700
1705 Wells St, Fort Wayne, IN 46808
4beds
1,794sqft
MultiFamily
Built in 1900
-- sqft lot
$152,700 Zestimate®
$85/sqft
$996 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 4
Heating
- Forced air
Appliances
- Laundry: In Kitchen
Features
- Laminate Counters, Basement
- Flooring: Carpet, Hardwood, Laminate
- Basement: Unfinished
- Common walls with other units/homes: No One Above
Interior area
- Total interior livable area: 1,794 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
Features
- Exterior features: Wood
Lot
- Size: 4,791 sqft
- Topography: Sloping
Details
- Parcel number: 020735379025000074
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
Materials
- Frame
- Roof: Asphalt
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & neighborhood
Location
- Region: Fort Wayne
Other
Other facts
- Flooring: Wood, Carpet, Laminate
- Sewer: Public Sewer
- Heating: Forced Air
- Topography: Sloping
- ArchitecturalStyle: Two Story
- HeatingYN: true
- NumberOfUnitsTotal: 2
- CoolingYN: true
- LeaseTerm: 12 Months
- ConstructionMaterials: Wood Siding
- CurrentFinancing: Conventional, Cash
- Cooling: Window Unit(s)
- GrossIncome: 1100
- OwnerPays: Water, Gas
- MainLevelBathrooms: 4
- FarmLandAreaUnits: Square Feet
- NumberOfUnitsLeased: 2
- TrashExpense: 0
- MaintenanceExpense: 1000
- TenantPays: Electricity
- CommonWalls: No One Above
- ParkingFeatures: Off Street
- LaundryFeatures: In Kitchen
- InteriorFeatures: Laminate Counters, Basement
- BelowGradeFinishedArea: 0
- ElectricExpense: 0
- InsuranceExpense: 0
- WaterSource: City
- MlsStatus: Active
- FuelExpense: 1176.76
Sell with ease on Zillow
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$152,700
2% more+$3,054
With Zillow Showcase(estimated)$155,754