Andrew Morken
Morken Real Estate Services, I
(260) 854-1054
111 Total Sales
2 in Nebraska
$15K - $76K Price Range
616 Mechanic St Fort Wayne, IN 46808
Nebraska NeighborhoodEstimated Value: $174,000 - $212,203
5
Beds
4
Baths
2,062
Sq Ft
$95/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- Carpet
- 4-minute walk to Wayne Knitting Mills Park
- Level Lot
About This Home
As of August 2024This 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!
Last Agent to Sell the Property
eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 07/12/2024
Last Buyer's Agent
eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 07/12/2024
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,955
Year Built
- Built in 1920
Lot Details
- 2,500 Sq Ft Lot
- Lot Dimensions are 50x50
- Level Lot
Home Design
- Quadruplex
- Asphalt Roof
- Asbestos Siding
Interior Spaces
- 2-Story Property
- Laminate Countertops
- Partially Finished Basement
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Location
- Suburban Location
Schools
- Washington Elementary School
- Portage Middle School
- Wayne High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electric, heating, sewer, trash collection, water
- The owner pays for building insurance, electric, heating, lawn maintenance, maintenance, sewer, snow removal, tax, trash collection, water
- Assessor Parcel Number 02-12-03-409-012.000-074
Community Details
Overview
- 4 Units
- Herbert E Eckarts Subdivision
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $2,900
- Fuel Expense $1,700
- Insurance Expense $1,300
- Maintenance Expense $500
- Water Sewer Expense $1,900
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 12, 2024
Closed on
Aug 20, 2024
Sold by
Keita Hamidou
Bought by
Seller's Agent
Jordan Wildman
eXp Realty, LLC
Buyer's Agent
Jordan Wildman
eXp Realty, LLC
List Price
$194,900
Sold Price
$191,000
Premium/Discount to List
-$3,900
-2%
Views
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,091
Avg. Annual Appreciation
1.27%
Original Mortgage
$143,250
Outstanding Balance
$140,445
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$55,623
Purchase Details
Listed on
Jul 12, 2024
Closed on
Aug 15, 2024
Sold by
Roseth Richard A and Robinson Casey
Bought by
Keita Hamidou
Seller's Agent
Jordan Wildman
eXp Realty, LLC
Buyer's Agent
Jordan Wildman
eXp Realty, LLC
List Price
$194,900
Sold Price
$191,000
Premium/Discount to List
-$3,900
-2%
Views
14
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,250
Outstanding Balance
$140,445
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$55,623
Purchase Details
Closed on
Mar 9, 2021
Sold by
Richard Allen Roseth Trust and Allen Roseth Richard
Bought by
Roseth Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,700
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 10, 2020
Sold by
Jlh In Fw R1 01 Llc
Bought by
Roseth Richard Allen and Richard Allen Roseth Trust
Purchase Details
Closed on
May 17, 2013
Sold by
Fannie Mae
Bought by
Jlh In Fw R1 01 Llc
Purchase Details
Closed on
Feb 12, 2013
Sold by
Strait Christopher A and Strait Mary E
Bought by
Federal National Mortgage Association and Fannie Mae
Purchase Details
Closed on
Apr 7, 2006
Sold by
Reichert Enterprises Inc
Bought by
Strait Christopher A and Strait Mary E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,125
Interest Rate
6.34%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
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-
Andrew Morken
-
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-
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Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| Keita Hamidou | -- | None Listed On Document | |
| Roseth Richard | -- | Fidelity National Title | |
| Roseth Richard Allen | -- | Total Title Services | |
| Jlh In Fw R1 01 Llc | $16,000 | Total Title | |
| Federal National Mortgage Association | $35,009 | None Available | |
| Strait Christopher A | -- | Title Express Inc |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $143,250 | ||
| Previous Owner | Roseth Richard | $56,700 | |
| Previous Owner | Strait Christopher A | $37,125 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/13/2024 08/13/24 | Sold | $191,000 | -2.0% | $93 / Sq Ft |
| 08/08/2024 08/08/24 | Pending | -- | -- | -- |
| 07/13/2024 07/13/24 | For Sale | $194,900 | -- | $95 / Sq Ft |
Source: Indiana Regional MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $3,157 | $140,300 | $3,700 | $136,600 |
| 2024 | $1,955 | $102,100 | $4,900 | $97,200 |
| 2022 | $2,681 | $119,300 | $4,900 | $114,400 |
| 2021 | $2,506 | $111,900 | $4,200 | $107,700 |
| 2020 | $1,716 | $78,400 | $4,200 | $74,200 |
| 2019 | $1,607 | $73,800 | $4,200 | $69,600 |
| 2018 | $1,580 | $72,100 | $4,200 | $67,900 |
| 2017 | $1,398 | $63,200 | $4,200 | $59,000 |
| 2016 | $1,301 | $59,700 | $4,200 | $55,500 |
| 2014 | $1,237 | $59,500 | $5,100 | $54,400 |
| 2013 | $1,260 | $60,700 | $5,100 | $55,600 |
Source: Public Records
Agents Affiliated with this Home
-
Jordan Wildman
Seller's Agent in 2024
Jordan Wildman
eXp Realty, LLC
(260) 498-0384
6 in this area
289 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202425826
APN: 02-12-03-409-012.000-074
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID
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