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  • $274,600

    707 E Paulding Rd, Fort Wayne, IN 46816

    4beds
    3,513sqft
    Multi Family
    Built in 1930
    -- sqft lot
    $274,600 Zestimate®
    $--/sqft
    $1,304 Estimated rent

    Home value

    $274,600

    $231,000 - $321,000

    $1,304/mo

    Zestimate® history
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    $1,573/mo

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    What's special

    13 mobile home lots of which 9 are rented and a 4-plex with zoning of CM4. 7 are rented for for $210/month + $34/month surcharge for water/sewer/trash and 2 are parked owned homes that is all inclusive(water/sewer/trash tenant still pays electricity and gas). 4-plex that rents for $1645/month. Over the last 3 years of ownership rents have been increased on the 4-plex without an increase for any of the mobile homes that are under market rents for the area. 3 trailers that currently are unrented and in disrepair are included in sale as well and could be pulled or fixed for addtional monthly income. Gross rents will be over $51k in 2021 with room for growth. Over $15k+ worth of upgrades have been done to park and 4-plex in last year and a half. Current NOI for 2021 would put this at over a 13 cap based YTD numbers.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked: 8 hours ago

    Listing updated: January 10, 2022 at 09:34am

    Listed by:

    Adam Gerig 260-399-1177,

    CENTURY 21 Bradley Realty, Inc

    Bought with:

    Tempestt Sanders, RB20002016

    JM Realty Associates, Inc.

    Source: IRMLS,MLS#: 202135621MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Conventional
    Cooling
    • Window Unit(s)
    Features
    • Flooring: Mixed
    • Basement: Unfinished
    Interior area
    • Total structure area: 4,668
    • Total interior livable area: 3,513 sqft
    • Finished area above ground: 2,358
    • Finished area below ground: 1,155

    Property

    Parking
    • Total spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.31 Acres
    • Dimensions: 146 x 180
    • Features: Corner Lot
    Details
    • Additional structures: None
    • Parcel number: 021224381012.000074

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Basement
    Condition
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Sewer: City
    • Water: City

    Community & neighborhood

    Location
    • Region: Fort Wayne
    • Subdivision: None

    HOA & financial

    Other financial information
    • Total actual rent: 51936

    Price history

    DateEventPrice
    1/7/2022Sold$245,000-7.9%
    Source: IRMLS #202135621
    9/30/2021Pending sale$265,900
    Source: IRMLS #202135621
    9/28/2021Price change$265,900+2.3%
    Source: IRMLS #202135621
    9/15/2021Listed for sale$259,900
    Source: IRMLS #202135621
    8/27/2021Contingent$259,900
    Source: IRMLS #202135621

    Public tax history

    Tax history is unavailable.

    Neighborhood: Suburan Heights

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Levan R. Scott Academy
    • Middle: Miami
    • High: Wayne
    • District: Fort Wayne Community

    Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    An equal housing lender. NMLS #10287.

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    $274,600
    2% more+ $5,492
    With Zillow Showcase(estimated)
    $280,092