3004 Adams Street Fort Wayne, IN 46806 Sold 2021-05-28

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Site-Built Home • 81Y Old

Sold for $160,000 Listed for $169,900

3004 Adams Street

6 Bedrooms
6 Bathrooms
988 Sq Ft
0.14 Acres

This property is not currently for sale or for rent.

Property Description

Cash flow opportunity offering 3 PURPOSE BUILT DUPLEXES in one deal for less than 200k!!! These duplexes have all utilities separately metered and paid or reimbursed by the tenants. The property grosses $2,485/mo in gross rent which is well over the 1% rule. Your only expenses are lawncare, taxes, property management, and insurance. The current owner transformed and stabilized these 6 units over the last 8 months. Completed 3 comprehensive rehabs, turned-over 5 tenants from the previous owner that were either delinquent on payments or under-rented. Recent upgrades include NEW siding on two of the duplexes, 4 renovated units in the last year or so. Don't wait to start investing! Professional management in place and this can continue.

Directions

From S Anthony and Pontiac head east - at round about go south on Adams.

Map to 3004 Adams Street, Fort Wayne, IN 46806

Property
MLS # 202117498
Status Sold
Property Type Residential
Property SubType Site-Built Home
Square Feet 988 Sq Ft
New Construction No
Style One Story
Type Site-Built Home
Bedrooms 6
Bedrooms 6
Annual Taxes $534.00
Year Taxes Payable 2020
Year Built 1940
Virtual Tour propertypanorama.com »
Days on Market 10
Additional
Cooling Window
Heating Gas, Forced Air
External Features
Construction Site-Built Home
Exterior Vinyl
Lot Size 6,081 sq ft
Acreage 0.14 Acres
Lot Dimensions 64x95
Sewer City
Water City
Fence None
Location
Area Allen County
County Allen
Subdivision None
Township Wayne
City Fort Wayne
State IN
Zip 46806
Schools
School District Fort Wayne Community
Elementary Adams
Middle School Memorial Park
High School Snider
Financial
Assoc. Dues $0.00 Not Applicable

MLS# 202117498.
Listing Provided Courtesy of Jordan Wildman
Open Door Rentals and Real Estate

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated Friday, June 18th, 2021 at 11:15 PM EDT.

Learn More About 3004 Adams Street

Presented By
The Lake & Land Team
The Lake & Land Team
(260) 367-1968
Email
Select Agent to Contact

By clicking "Message Agent", you agree to be contacted by The Lake & Land Team about your request. Please see our Privacy Policy.