NOT LISTED FOR SALE

1232 Maumee Ave Fort Wayne, IN 46803

East Central Neighborhood
8 Beds
8 Baths
4,300 Sq Ft
5,663 Sq Ft Lot

Last Sold October 23, 2020

Last sale price $300,000 $70 Per Sq Ft

26 Days on Market

Highlights

  • Traditional Architecture
  • Home Security System
  • Forced Air Heating System
  • Fenced Yard
  • Multiple cooling system units
  • 4-minute walk to Summit Park

About This Home

As of October 2020

Are you looking for a long term investment opportunity? Look at this beautiful 8-Plex Apartment Building in a PRIME location directly across from Indiana Institute of Technology (Indiana Tech). Each of the 8 units is a studio style apartment professionally designed and commercially built-out in 2008. These units are designed to specifically house & target Indiana Tech students. The entire building is ran on one gas, one electric, and one water meter. Therefore the owner pays all utilities including trash & internet and there is one all inclusive monthly cost to students, which makes their budgeting easy! First floor units are around $575/mo. and second floor units $600/mo. There are 2 washers & 2 dryers onsite that are coined operated and generate around $450/yr. Students pay their lease based on 10 months and if they plan to return the following year they can use their unit as storage for $100/mo. until they return after summer. New flat roof - 2008. Zoned commercial + windows/doors commercial as well. 2 onsite parking spots available (this could be reconfigured) and there is tons of on street parking next to and nearby.

Last Agent to Sell the Property

Evan Riecke

Encore Sotheby's International Realty Listed on: 08/08/2020

Last Buyer's Agent

Evan Riecke

Encore Sotheby's International Realty Listed on: 08/08/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,932

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 116x52
  • Fenced Yard
  • Level Lot

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Home Security System

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 2 Parking Spaces
  • Driveway
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Multiple cooling system units
  • Cooling System Mounted In Outer Wall Opening
  • Multiple Heating Units
  • Forced Air Heating System
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • The owner pays for building insurance, cooling, electric, fuel, heating, lawn maintenance, maintenance, sewer, trash collection, water
  • Assessor Parcel Number 02-12-01-459-001.000-074

Community Details

Overview

  • 8 Units

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $7,867
  • Fuel Expense $1,047
  • Insurance Expense $2,684
  • Maintenance Expense $1,870
  • Trash Expense $1,269
  • Water Sewer Expense $2,870

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,932

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Eightplex
  • Year Built: 1900
  • Age: 120
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 8
  • Total Full Bathrooms: 8
  • Legal Description: N 116FT FRL Lot 75 in Chutes Homestead Add
  • Parcel Number ID: 02-12-01-459-001.000-074
  • Platted: Yes
  • Amenities: Basement, Fenced Yard, Off Street Parking, Near Walking Trail, Alarm System-Security
  • Cross Street: Ohio St.
  • Location: City/Town/Suburb
  • Section Number: 1
  • Sp Lp Percent: 93.78
  • Annual Miscellaneous: 1076
  • Monthly Gross Income: 3930
  • Special Features: None

Interior Features

  • Total Sq Ft: 6450
  • Total Finished Sq Ft: 4300
  • Above Grade Finished Sq Ft: 4300
  • Below Grade Sq Ft: 2150
  • Price Per Sq Ft: 69.77
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 2150

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Flat
  • Stories: 2

Garage/Parking

  • Driveway: Asphalt
  • Number Of Parking Spaces: 2
  • Parking: Lot, Street

Utilities

  • Cooling: Wall AC, Multiple Cooling Units
  • Heating Fuel: Electricity, Forced Air, Wall Heater, Multiple Heating Systems
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 7867
  • Annual Fuel Expense: 1047
  • Annual Insurance Expense: 2684
  • Annual Maintenance Expense: 1870
  • Annual Trash Expense: 1269
  • Annual Water Sewer Expense: 2870
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Fort Wayne Community
  • Elementary School: Forest Park
  • Middle School: Lakeside
  • High School: North Side

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 116x52
  • Estimated Lot Sq Ft: 5663
  • Estimated Lot Size Acres: 0.13

Rental Info

  • Owner Pays: Building Insurance, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 3930
  • Number Of Dryers: 2
  • Number Of Refrigerators: 8
  • Number Of Units: 8
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 8
  • Num Of Efficiencies: 8
  • Num Of Units Rented: 6

Tax Info

  • Annual Property Tax: 1931.54

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold $300,000 -6.2% $70 / Sq Ft
09/03/2020 09/03/20 Pending -- -- --
08/25/2020 08/25/20 Price Changed $319,900 -5.9% $74 / Sq Ft
08/08/2020 08/08/20 For Sale $340,000 -- $79 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Evan Riecke

    Seller's Agent in 2020

    Evan Riecke

    Encore Sotheby's International Realty

    (260) 466-0609

    1 in this area

    266 Total Sales

    Evan Riecke
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Map

Source: Indiana Regional MLS

MLS Number: 202031111

Indiana Regional MLS

Indiana Allen County Fort Wayne 46803 East Central

1232 Maumee Ave, Fort Wayne, IN

This home is located at 1232 Maumee Ave, Fort Wayne, IN 46803 since 08 August 2020. This property was built in 1900. 1232 Maumee Ave is a home located in Allen County with nearby schools including Forest Park Elementary School, Lakeside Middle School, and North Side High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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