Duplex home 7bed 2bath 2 units.
For sale by owner
$385,000
503-505 Madison St, Fort Wayne, IN 46802
7beds
2,260sqft
Est.:
MultiFamily
Built in 1925
-- sqft lot
$-- Zestimate®
$170/sqft
$-- HOA
Overview
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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