For sale by owner
  • $385,000

    503-505 Madison St, Fort Wayne, IN 46802

    7beds
    2,260sqft
    : 
    MultiFamily
    Built in 1925
    -- sqft lot
    $-- Zestimate®
    $170/sqft
    $-- HOA

    Overview

    Duplex home 7bed 2bath 2 units.
    What the owner loves about this home
    Our DUPLEX HOME in downtown Fort Wayne is FOR SALE! DUPLEX HOME FOR SALE 503 & 505 MADISON ST, FORT WAYNE IN · 2260 square feet; #503: 4 bedrooms + 1 full bath; #505: 3 bedrooms + 1 full bath · New shingle roof in 2021 (not sure the age of flat roof) · Central air in both units (2019) · New fence built in 2024 · Newly remodeled kitchen & restroom, new paint & in #505 apt (2023) · New carpet & flooring in #505 apt (2022) · Replaced electrical box in #505 apt (2020) · New paint & flooring in restroom of #503 (2019) · New carpet on 2nd floor of #503 apt (2022) · Currently operating as short-term rental units with annual revenue of approximately $29,000 with room for growth **This is a gem of a house in a great, central location in downtown Fort Wayne, that has potential for private owners or investors to rent out both sides or live in 1 while renting out the other Asking $385,000 (furniture not included) *If you are interested in the apartments fully furnished, please contact us for adjusted price. For serious buyers, we welcome inspections with a written contract with a closing company. This is for sale by owner so we will work with a realtor if you have one, however you are responsible for realtor fees. No land contracts. **Please contact Santos at 260-242-3581 by text or call/leave a message & I will get back to you at my earliest convenience.
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