NOT LISTED FOR SALE

Estimated Value: $275,000 - $386,000

4 Beds
6 Baths
3,592 Sq Ft
$92/Sq Ft Est. Value

Last Sold March 16, 2023

Last sale price $287,000 $80 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,205/month

7 Days on Market

Highlights

  • Detached Second Garage
  • Forced Air Heating System
  • Vinyl Flooring
  • Covered patio or porch
  • Level Lot

About This Home

As of March 2023

This 6 plex apartment building, with all units either currently rented or recently updated units ready to rent, is close to all of the action that downtown Fort Wayne has going on! It's less than a half mile or so from the Foellinger-Freimann Botanical Conservatory and the Embassy Theatre! It's about a mile walk, bike ride, or drive to Parkview Field and Electric Works! The current owner has used it for both long term and short term rental options. Property management is currently in place if the new owner is interested in continuing that. Some features include vinyl siding, a gas forced air furnace, full basement, covered wrap around porch, and both a driveway off of Lafayette as well as back alley parking. There is a large 38' by 19' garage with 2 garage door openers and gas heat. It's currently used by the owner, but could provide a possible 7th revenue stream for this property. Gas ranges and refrigerators in the units are included in the sale. What a great opportunity for an investor, including possibly one that wishes to live in the downtown area, if they chose to live in one of the units themselves!

Last Agent to Sell the Property

Andy Zoda

Coldwell Banker Real Estate Gr Listed on: 02/16/2023

Coldwell Banker Real Estate Gr

Last Buyer's Agent

Trevor Wright

Mike Thomas Associates, Inc.

Mike Thomas Associates, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,412

Year Built

  • Built in 1900

Lot Details

  • 7,601 Sq Ft Lot
  • Level Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Vinyl Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Detached Second Garage
  • Off-Street Parking

Outdoor Features

  • Covered patio or porch

Schools

  • Fairfield Elementary School
  • Kekionga Middle School
  • South Side High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for electric, heating, sewer, water
  • Assessor Parcel Number 02-12-11-428-011.000-074

Community Details

Overview

  • 6 Units
  • Hamilton Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $3,600
  • Fuel Expense $2,400
  • Insurance Expense $3,000
  • Water Sewer Expense $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,412

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Sixplex
  • Year Built: 1900
  • Age: 123
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: LOT 210 HAMILTONS 4TH ADDITION
  • Parcel Number ID: 02-12-11-428-011.000-074
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Porch Covered
  • Sp Lp Percent: 94.41
  • Monthly Gross Income: 4330
  • Year Taxes Payable: 2021
  • Special Features: None

Interior Features

  • Total Sq Ft: 5388
  • Total Finished Sq Ft: 3592
  • Above Grade Finished Sq Ft: 3592
  • Below Grade Sq Ft: 1796
  • Price Per Sq Ft: 79.9
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Vinyl
  • Total Below Grade Sq Ft: 1796
  • Number Of Ranges Ovens: 6

Exterior Features

  • Exterior: Vinyl
  • Stories: 2
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 722

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Annual Electric: 3600
  • Annual Fuel Expense: 2400
  • Annual Insurance Expense: 3000
  • Annual Water Sewer Expense: 2400
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Fort Wayne Community
  • Elementary School: Fairfield
  • Middle School: Kekionga
  • High School: South Side
  • Elementary School: Fairfield

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50' by 152'
  • Estimated Lot Sq Ft: 7601
  • Estimated Lot Size Acres: 0.1745
  • Lot Number: 210

Rental Info

  • Owner Pays: Electric, Heating, Sewer, Water

Multi Family

  • Gross Monthly Rent: 4330
  • Number Of Refrigerators: 6
  • Number Of Units: 6
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 3
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 2412.16

MLS Schools

  • High School: South Side
  • Middle School: Kekionga
  • School District: Fort Wayne Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Mar 10, 2023
Sold by
A2z Homes Llc
Bought by
Akropolis Real Estate Llc
Seller's Agent
Andy Zoda
Coldwell Banker Real Estate Gr
Buyer's Agent
Trevor Wright
Mike Thomas Associates, Inc.
List Price
$304,000
Sold Price
$287,000
Premium/Discount to List
-$17,000
-5.59%
Views
87
Current Estimated Value
$330,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,329
Avg. Annual Appreciation
6.22%

Purchase Details

Listed on
Sep 16, 2021
Closed on
Dec 29, 2021
Sold by
Neutra Properties Llc
Bought by
Seidlitz Wintersteiger Galo A and Seidlitz Carmen R
Seller's Agent
Gary Brigman
Keller Williams Realty Group
Buyer's Agent
Andy Zoda
Coldwell Banker Real Estate Gr
List Price
$185,000
Sold Price
$185,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.75%

Purchase Details

Closed on
Feb 25, 2020
Sold by
Christopher Melcher
Bought by
Melcher Jamie Paul and Melcher Kandie Ann

Purchase Details

Listed on
Dec 8, 2018
Closed on
Feb 8, 2019
Sold by
Rusty Studs Ii Llc
Bought by
Fgi Homes Llc
Seller's Agent
David Budd
Tree City Realty
Buyer's Agent
Adam Gerig
CENTURY 21 Bradley Realty, Inc
List Price
$99,000
Sold Price
$69,220
Premium/Discount to List
-$29,780
-30.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.09%

Purchase Details

Closed on
Mar 6, 2017
Sold by
Rusty Studs Llc
Bought by
Rusty Studs Ii Llc

Purchase Details

Listed on
Jan 20, 2016
Closed on
Mar 11, 2016
Sold by
Moore Asberry
Bought by
Rusty Studs Llc
Seller's Agent
Tim McCulloch
Scheerer McCulloch Real Estate
Buyer's Agent
Tim McCulloch
Scheerer McCulloch Real Estate
List Price
$35,700
Sold Price
$33,312
Premium/Discount to List
-$2,388
-6.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.81%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Akropolis Real Estate Llc $287,000 Fidelity National Title
Seidlitz Wintersteiger Galo A $185,000 Fidelity National Ttl Co Llc
Melcher Jamie Paul -- --
Fgi Homes Llc $95,000 Centurion Land Title Inc
Rusty Studs Ii Llc -- None Available
Rusty Studs Llc -- Titan Title Services Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2023 03/16/23 Sold $287,000 -5.6% $80 / Sq Ft
02/16/2023 02/16/23 For Sale $304,000 +64.3% $85 / Sq Ft
12/30/2021 12/30/21 Sold $185,000 0.0% $52 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
11/11/2021 11/11/21 For Sale $185,000 0.0% $52 / Sq Ft
10/30/2021 10/30/21 Pending -- -- --
10/03/2021 10/03/21 Price Changed $185,000 -0.5% $52 / Sq Ft
09/29/2021 09/29/21 Price Changed $186,000 -1.1% $52 / Sq Ft
09/26/2021 09/26/21 Price Changed $188,000 -0.5% $52 / Sq Ft
09/24/2021 09/24/21 Price Changed $189,000 -2.1% $53 / Sq Ft
09/16/2021 09/16/21 For Sale $193,000 +178.8% $54 / Sq Ft
01/08/2019 01/08/19 Sold $69,220 -30.1% $21 / Sq Ft
01/08/2019 01/08/19 Pending -- -- --
12/08/2018 12/08/18 For Sale $99,000 +197.2% $30 / Sq Ft
03/11/2016 03/11/16 Sold $33,312 -6.7% $7 / Sq Ft
02/11/2016 02/11/16 Pending -- -- --
01/20/2016 01/20/16 For Sale $35,700 -- $7 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,563 $240,300 $20,200 $220,100
2022 $3,843 $171,000 $12,100 $158,900
2021 $2,412 $107,700 $10,700 $97,000
2020 $2,422 $110,700 $1,400 $109,300
2019 $1,775 $81,500 $1,400 $80,100
2018 $2,291 $104,500 $1,400 $103,100
2017 $1,462 $66,100 $1,400 $64,700
2016 $1,303 $59,800 $1,400 $58,400
2014 $742 $35,700 $1,700 $34,000
2013 $2,780 $133,900 $1,700 $132,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202304502

Indiana Regional MLS

APN: 02-12-11-428-011.000-074