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Great Flip or Rental Fort Wayne Indiana!

Allen County, Fort Wayne, IN, 46806
Sold
Listed at: May 25th, 2023
Price
$84,999
ARV
$155,000
Gross Margin
$70,001
19 pictures, show all
Sq. Footage
1110
Type
Single-Family
Parking
Driveway
Year build
1952
Lot size
8276.00 sqft
Bedrooms
3
Bathrooms
1.5
Half Bathrooms
0
Summary

Rent or Flip that is the question?


This property is a great start for a rehab or a rental with just a few touches. The property sits in a medium-class neighborhood located on the southeast side of Fort Wayne, IN 46806. This is a 3/1 with a clean unfinished basement and is vacant at the moment. The property has a 3-year-old asphalt roof along with newer siding.


The section 8 rental income for this property would land you around $1,161 per month with an ARV of around 140k-160k for rehab and resell value.


The property will need some finishing touches we are estimating anywhere depending on the finishes the repair estimate could be 7k-25k


Property Details

Windows Older - Good Condition

Roof age - 3 Years Old

Siding - 3 years

HVAC - Window Units (Not Included)

Heating - Forced Air and Gas

Water Heater - 10 Years working condition.

Water - City

Sewer - City


Pictures Link https://drive.google.com/file/d/1L5HnZCjKhYBlYXH4U7ZKBlCdqZaka6wA/view?usp=share_link


If you have any more questions please reach out to our Dispositions Department.


All offers will be considered




*All properties are sold for cash or hard money. Agents and Brokers add your fees on top! A $2,500.00 non-refundable earnest money deposit must be made within 24 hours after the offer is accepted and 14 days or less closing period are required. *Poof of Funds is needed to get an accepted offer. *Direct and legally binding and assignable purchase and sale agreements have been executed between the owners/sellers for the purchase of this property and a memorandum of contract has been recorded. We are offering to sell our equitable interest in this property. This contract is available for purchase for an assignment fee included in the price shown above. Do not attempt to contact the seller/owner for any reason. Swift legal action will be taken. ZERO UNAPPROVED RE-MARKETING WILL BE TOLERATED. NO DAISY-CHAINING!
Street View
Location
current deal
comparables
#2
 available
$123k
 sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

James Vance

★★★★★
★★★★★
No reviews

Disposition manager