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  • $191,000

    616 Mechanic St, Fort Wayne, IN 46808

    5beds
    2,062sqft
    Quadruplex
    Built in 1920
    -- sqft lot
    $195,800 Zestimate®
    $--/sqft
    $1,223 Estimated rent

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    $1,223/mo

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    $1,223/mo

    Rent Zestimate®

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    $927/mo

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    $927/mo

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    What's special

    This turnkey fourplex offers a secure and stable investment opportunity for both seasoned and first-time investors. With 100% occupancy, you'll start generating rental income immediately. The property features a recent roof replacement and painted exterior minimizing maintenance needs. The units offer three spacious 1 bedroom, 1 bathroom units, and one larger 2 bedroom, 1 bathroom unit. While the property has just one meter for each utility, tenants are charged a monthly utility fee to cover these costs, ensuring a steady stream of income for the owner. Located in the heart of the vibrant downtown Main Street Corridor, the property boasts unbeatable access to shops, restaurants, and nightlife, making it highly attractive to tenants. Inquire today to learn more about this exceptional income property!

    Zillow last checked: 8 hours ago

    Listing updated: August 14, 2024 at 09:54am

    Listed by:

    Jordan Wildman Home:260-498-0384,

    eXp Realty, LLC

    Bought with:

    Jordan Wildman, RB19001056

    eXp Realty, LLC

    Source: IRMLS,MLS#: 202425826MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Natural Gas, Forced Air
    Cooling
    • None
    Features
    • Laminate Counters
    • Flooring: Carpet, Laminate
    • Basement: Partial
    Interior area
    • Total structure area: 2,587
    • Total interior livable area: 2,062 sqft
    • Finished area above ground: 2,062
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: None
    Features
    • Levels: Two
    • Stories: 2
    • Fencing: None
    Lot
    • Size: 2,613 sqft
    • Dimensions: 50X50
    • Features: Level, City/Town/Suburb
    Details
    • Additional structures: None
    • Parcel number: 021203409012.000074

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Asbestos
    • Foundation: Basement
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Electric: AEP/I&M
    • Gas: NIPSCO
    • Sewer: City
    • Water: City, Fort Wayne City Utilities

    Community & neighborhood

    Location
    • Region: Fort Wayne
    • Subdivision: Herbert E Eckarts

    HOA & financial

    Other financial information
    • Total actual rent: 28200

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan
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