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(SOLD) $191,000

616 Mechanic Street Fort Wayne, IN  46808-3374

  • 5 Beds
  • 4 Baths
  • 2,062 sq. Ft

Property Description for 616 Mechanic Street Fort Wayne, IN 46808-3374

This 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!

Address:616 Mechanic Street Fort Wayne IN 46808-3374
Status:Sold
Sold On: 8/13/2024
Price:$194,900
Bedrooms:5 Beds
Bathrooms:4 Full Baths
Sq. Feet:2,062
Year Built:1920
Lot Size:0.06
County: Allen County
Township: Wayne
School System : Fort Wayne Community
MLS #:202425826
Property Type:Fourplex

Lot Dimensions:50X50
Directions:Enter address into Google Maps.
Total Sq. Ft. :2,062
Basement:Yes

Loan Price
$1,184
Price And Interest $996/month
Property Tax $108/month
MTG INS $0/month
HOME INS $80/month
Price
$191,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$108/month
Home Owner Insurance
$960 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
3rd Bedroom null x 1 Info Not Available
4th Bedroom 1 x 1 Info Not Available
5th Bedroom 4 x 4 Info Not Available
Kitchen 575 x null Info Not Available
Family Room 575 x 625 Info Not Available

Semi-Annual Property Tax:$650
Tax Year:2024
Mandatory HOA Fee:$

Subdivision: Herbert E Eckarts
Zip Code:46808-3374

School System:Fort Wayne Community
High School:Wayne
Middle School:Portage
Elementary School:Washington

Total Sq. Ft.:2,062
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Fort Wayne REALTORS®

Listing provided courtesy of Jordan Wildman with eXp Realty, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This 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. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Fort Wayne Market Report

156
Avg. DOM
$155.11
Avg. $ / Sq.Ft.
$ 285,000
Med. List Price

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