$67,000
SOLD FEB 28, 2019
3 Beds
3 Baths
2,040 Sq Ft
4,515 Sq Ft Lot

Recently Sold

$33 Per Sq Ft

4% Below List Price

112 Days on Market

Highlights

  • Traditional Architecture
  • Built-in Bookshelves
  • Baseboard Heating
  • Covered patio or porch
  • Government Subsidized Program
  • 4-minute walk to Miner Park Playground

About This Home

As of November 2021

If you ever thought of owning a multi-unit property, now is the time and this is the perfect place! All three units are currently occupied with great veteran tenants with outstanding payment records as they receive various amounts of guaranteed subsidy from the VA so you don't have to worry about collecting the rent. The building itself is in great shape and all three units have been maintained extremely well as the owner is also a contractor who makes sure everything is in good shape. The appliances are reliable and the utilities reasonable. Check out this profitable opportunity today! *Rental income is $1,539 per month through February when it will increase to $1,615 per month. ROI below is based on last year expenses.

Last Agent to Sell the Property

Mike Hostetler

North Eastern Group Realty Listed on: 10/10/2018

North Eastern Group Realty

Last Buyer's Agent

Scott Pressler

Keller Williams Realty Group

Keller Williams Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $774

Year Built

  • Built in 1900

Lot Details

  • 4,515 Sq Ft Lot
  • Lot Dimensions are 35 x 129
  • Level Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Slab Foundation
  • Asphalt Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Laminate Countertops

Flooring

  • Parquet
  • Partially Carpeted
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Block Basement Construction
  • Crawl Space

Parking

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Suburban Location
  • Government Subsidized Program

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for building insurance, electric, heating, lawn maintenance, maintenance, tax, water
  • Assessor Parcel Number 02-12-11-356-014.000-074

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $5,445
  • Fuel Expense $215
  • Insurance Expense $95
  • Maintenance Expense $800
  • Water Sewer Expense $978

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$774

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 119
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Lot 34 C K Fairfields 3rd Additiion |
  • Parcel Number ID: 02-12-11-356-014.000-074
  • Platted: Yes
  • Amenities: Off Street Parking, Built-In Bookcase, Cable Available, Countertops-Laminate, Patio Open, Porch Covered, Water Heater Electric
  • Cross Street: Fox Avenue
  • Location: City/Town/Suburb
  • Section Number: 11
  • Sp Lp Percent: 100
  • Government Subsidized: Yes
  • Monthly Gross Income: 1615
  • Special Features: None

Interior Features

  • Total Sq Ft: 2828
  • Total Finished Sq Ft: 2040
  • Above Grade Finished Sq Ft: 2040
  • Below Grade Sq Ft: 788
  • Price Per Sq Ft: 32.84
  • Basement: Yes
  • Basement Foundation: Crawl, Slab, Unfinished
  • Basement Material: Block
  • Flooring: Laminate, Part Carpet, Parquet, Vinyl
  • Total Below Grade Sq Ft: 788
  • Number Of Microwaves: 3
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl, Wood
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Off Street, Street

Utilities

  • Cooling: Window
  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Cable Company: Comcast
  • Annual Electric: 5445
  • Annual Fuel Expense: 215.4
  • Annual Insurance Expense: 95
  • Annual Maintenance Expense: 800
  • Annual Water Sewer Expense: 978.14
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 35 x 129
  • Estimated Lot Sq Ft: 4515
  • Estimated Lot Size Acres: 0.1
  • Lot Number: 34

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Electric, Heating, Lawn Maintenance, Maintenance, Tax, Water
  • Tenant Pays: Cable

Multi Family

  • Gross Monthly Rent: 1615
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 3
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 774

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2021
Closed on
Dec 23, 2021
Sold by
James Andrew and James Robin
Bought by
Rae Investments Llc
Seller's Agent
Vince Brown
Select Realty, LLC
Buyer's Agent
Vince Brown
Select Realty, LLC
List Price
$85,000
Sold Price
$65,000
Premium/Discount to List
-$20,000
-23.53%
Total Days on Market
112
Current Estimated Value
$104,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,774
Avg. Annual Appreciation
15.44%
Original Mortgage
$48,750
Outstanding Balance
$45,557
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$62,361

Purchase Details

Listed on
Jun 18, 2021
Closed on
Nov 30, 2021
Sold by
Suon Rathana Rocky and Suon Cierra Rim
Bought by
James Andrew and James Robin
Seller's Agent
Vince Brown
Select Realty, LLC
Buyer's Agent
Vince Brown
Select Realty, LLC
List Price
$85,000
Sold Price
$65,000
Premium/Discount to List
-$20,000
-23.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,750
Outstanding Balance
$45,557
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$62,361

Purchase Details

Listed on
Oct 10, 2018
Closed on
Feb 28, 2019
Sold by
Promise Land Properties
Bought by
Suon Rathana Rocky and Suon Cierra Rim
Seller's Agent
Mike Hostetler
North Eastern Group Realty
Buyer's Agent
Scott Pressler
Keller Williams Realty Group
List Price
$70,000
Sold Price
$67,000
Premium/Discount to List
-$3,000
-4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.09%
Original Mortgage
$50,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2013
Sold by
Hughes Dennisd P and Hughes Pamela K
Bought by
Prioperties Pronmise Land

Purchase Details

Closed on
Oct 21, 2012
Sold by
Alban Marcella Ann and Kroemer Herman L
Bought by
Hughes Dennis P and Hughes Pamela K

Purchase Details

Closed on
Jul 18, 2006
Sold by
Murillo Jorge and Murillo Adriana
Bought by
Alban Marcella Ann and Kroemer Herman L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,400
Interest Rate
9.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2003
Sold by
Martinez Javier and Martinez Maria R
Bought by
Murillo Jorge and Murillo Adriana
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 Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $65,000 None Available
Deed $67,000 Centurion Land Title Inc
Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed -- Accurate Title
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $48,750 New Conventional
Previous Owner $50,250 New Conventional
Previous Owner $54,400 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2021 11/30/21 Sold $65,000 -23.5% $32 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
07/28/2021 07/28/21 For Sale $85,000 0.0% $42 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $85,000 +26.9% $42 / Sq Ft
02/28/2019 02/28/19 Sold $67,000 0.0% $33 / Sq Ft
01/30/2019 01/30/19 Pending -- -- --
11/18/2018 11/18/18 Price Changed $67,000 -4.3% $33 / Sq Ft
10/10/2018 10/10/18 For Sale $70,000 -- $34 / 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 $1,790 $119,300 $17,400 $101,900
2022 $1,751 $77,900 $10,600 $67,300
2021 $966 $58,500 $4,300 $54,200
2020 $1,280 $58,500 $4,300 $54,200
2019 $1,274 $58,500 $4,300 $54,200
2018 $912 $41,600 $4,300 $37,300
2017 $774 $35,000 $4,300 $30,700
2016 $756 $34,700 $4,300 $30,400
2014 $553 $26,600 $4,300 $22,300
2013 $556 $26,800 $4,300 $22,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201845823

Indiana Regional MLS

APN: 02-12-11-356-014.000-074