NOT LISTED FOR SALE
10 Beds
10 Baths
6,498 Sq Ft
0.85 Acres

Last Sold May 16, 2019

Last sale price $474,000 $73 Per Sq Ft

19 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Level Lot
  • 1-Story Property

About This Home

As of May 2019

The newly renovated Hobson Place apartments is located on approximately 0.85 acres just south of Coliseum Blvd in Fort Wayne, Indiana and consists of 3 buildings containing a total of 10 units. Each unit is approximately 635 SF in size and contains a 1bed/1bath layout. The complex is in great condition and located in a prime neighborhood. This complex experiences 100% occupancy with a waiting list for future openings. 9% cap rate. Financials available upon request. Please do not disturb tenants. Owner present for all showings.

Last Agent to Sell the Property

Pam Ferrier

Hunter Group, Inc. Listed on: 03/01/2019

Last Buyer's Agent

Mark Noneman

Noneman Realty

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 0.85 Acre Lot
  • Lot Dimensions are 160' x 232'
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 6,498 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Full Bathrooms

Parking

  • 20 Parking Spaces
  • Off-Street Parking

Schools

  • Brentwood Elementary School
  • Lakeside Middle School
  • North Side High School

Utilities

  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Tenant pays for cable, electric
  • The owner pays for building insurance, lawn maintenance, maintenance, parking, snow removal, sewer, tax, trash collection, water
  • Assessor Parcel Number 02-08-29-352-021.000-072

Community Details

Overview

  • 10 Units

Pet Policy

  • Pet Restriction

Building Details

  • 13 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1963
  • Age: 56
  • Style: One Story
  • Bedrooms: 10
  • Number Above Grade Bedrooms: 10
  • Total Bathrooms: 10
  • Total Full Bathrooms: 10
  • Legal Description: W 272ft Of N 160ft Of Mid 1/3 Sw 1/4 Sw1/4 Ex W 40 Ft Sex 29
  • Parcel Number ID: 02-08-29-352-021.000-072
  • Platted: Yes
  • Amenities: Off Street Parking
  • Sp Lp Percent: 99.81
  • Year Taxes Payable: 2018-19
  • Special Features: None

Interior Features

  • Total Sq Ft: 6498
  • Total Finished Sq Ft: 6498
  • Above Grade Finished Sq Ft: 6498
  • Price Per Sq Ft: 72.95
  • Basement Foundation: Slab
  • Flooring: Laminate, Ceramic Tile
  • Number Of Ranges Ovens: 10

Exterior Features

  • Exterior: Aluminum, Brick
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 20

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Electricity
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 13
  • Number Gas Meters: 3
  • Number Water Meters: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 160' x 232'
  • Estimated Lot Sq Ft: 37026
  • Estimated Lot Size Acres: 0.85

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Parking, Snow Removal, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Electric

Multi Family

  • Number Of Refrigerators: 10
  • Number Of Units: 10
  • Num Of1 Bedrooms: 10
  • Num Of Units Rented: 10

MLS Schools

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

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
05/16/2019 05/16/19 Sold $474,000 -0.2% $73 / Sq Ft
03/20/2019 03/20/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $474,900 -- $73 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201906999

Indiana Regional MLS