Skip To Content

204 N Fort Wayne Avenue

Warsaw, IN 46580
  • $195,000
  • STATUS: Sold
  • ON SITE: 159 Days
  • MLS #: 202335195
Sold - 02/21/2024
$195,000
SOLD - 02/21/2024
  • 5
    BEDS
  • 0.04
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 3,246
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1880
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by James Bausch of RE/MAX Results- Warsaw: Cell: 574-742-4531.

Description

Investor's Opportunity! Now offering a triplex with in-town conveniences so tenants have quick access to downtown shopping, restaurants, Center Park, and events. This building offers a spacious one bedroom apartment with a full basement for storage and 2-two bedroom apartments. Each unit is separately metered so tenants pay their own electric, gas, and water. Owner pays for lawn care, sewer and trash. There is also a two car garage that could be rented to the tenants for additional income or used as a centrally located storage place for the Warsaw-based investor. Unit 206 was leased at $775/month but is now intentionally vacant so the new owner can place their own tenant. Recent updates include: flooring throughout (2020), 206: cabinetry & countertops (2020) water heater (2022), 208: oven (2021). Unit 204 is large enough to convert to a two bedroom pass through unit. With professional management in place, this turnkey rental is ready for you to grow your portfolio.

Monthly Payment Calculator



© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2024-03-03T23:28:21.933.

www.movingwithteammelton.com/homes/143732671
Print Image

204 N Fort Wayne Avenue Warsaw, IN 46580

  • Price: $195,000
  • Status: Sold
  • On Site: 159 Days
  • Updated: 76 min ago
  • MLS #: 202335195
5
Beds
3
Baths
0
½ Baths
0.04
Acres
3,246
SQFT
$60
$/SQFT
1880
Built
Neighborhood:
Lansdales
County:
Kosciusko
Area:
Kosciusko
Elementary School:
Lincoln
Middle School:
Lakeview
High School:
Warsaw
School District:
Warsaw Community
Property Description
Investor's Opportunity! Now offering a triplex with in-town conveniences so tenants have quick access to downtown shopping, restaurants, Center Park, and events. This building offers a spacious one bedroom apartment with a full basement for storage and 2-two bedroom apartments. Each unit is separately metered so tenants pay their own electric, gas, and water. Owner pays for lawn care, sewer and trash. There is also a two car garage that could be rented to the tenants for additional income or used as a centrally located storage place for the Warsaw-based investor. Unit 206 was leased at $775/month but is now intentionally vacant so the new owner can place their own tenant. Recent updates include: flooring throughout (2020), 206: cabinetry & countertops (2020) water heater (2022), 208: oven (2021). Unit 204 is large enough to convert to a two bedroom pass through unit. With professional management in place, this turnkey rental is ready for you to grow your portfolio.
Exterior Features

Exterior Vinyl Location City/Town/Suburb Lot Description Corner0-2.9999 Lot Dimensions 27X62 Outbuilding None Parking Off Street Parking Spaces 4 Pool YN No Roof Material Asphalt Style One and Half Story Waterfront YN No

Interior Features

Above Grade Bedrooms 5 Above Grade Finished Sqft 3246 Above Grade Unfin Sq Ft 0 Amenities BasementCeiling FanOff Street ParkingStoragePorch CoveredWasher Hook-Up Basement Foundation Full BasementUnfinished Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 1172 Cooling Window Dishwashers 0 Disposals 0 Dryers 1 Flooring CarpetLaminate Heating Fuel GasForced Air Microwaves 0 Ranges Ovens 3 Refrigerators 3 Rooms Below Grade 0 Total Baths 3 Total Below Grade Sqft 1172 Total Sq Ft 4418 Unit1 Basement YN Yes Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 2 Unit3 Basement YN No Unit3 Bathrooms 1 Unit3 Bedrooms 2 Wash Dry Hookups 3 Washers 1

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 27300 Annual Insurance Expense 3024 Annual Maint Expense 0 Annual Misc 1260 Annual Net Income 18853 Annual Property Tax 3023 Annual Trash Expense 0 Annual Water Sewer Exp 1140 Assoc Dues Frequency Not Applicable Auction Y / N No Cross Street E Main St Efficiencies 0 Electric Company NIPSCO Electric Meters 3 Excluded From Sale tenant owned Window ACWashers/Dryers For Sale Or Rent For Sale Four Bedrooms 0 Gas Company NIPSCO Gas Meters 3 Gross Monthly Income 2275 Gross Monthly Rent 2275 Lease Term 1 Year New Construction No One Bedrooms 1 Owner Pays SewerTrash Collection Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Triplex Proposed Financing CashConventional Reo YN No Sale Includes BuildingLandLease Sewer City Tenant Pays ElectricHeatingWater Three Bedrooms 0 Township Wayne Two Bedrooms 2 Unit1 Unit Rent 700 Unit1- Currently Rntd Y / N Yes Unit1- Garage Y / N No Unit2 Unit Rent 775 Unit2- Currently Rntd Y / N No Unit2- Garage /#of Cars 1 Unit2- Garage Y / N Yes Unit3 Unit Rent 800 Unit3- Currently Rntd Y / N Yes Unit3- Garage /#of Cars 1 Unit3- Garage Y / N Yes Units Rented 2 Water Company Indiana American Water Co Water Meters 3 Water Utility City Year Taxes Payable 2023

Listing provided by James Bausch of RE/MAX Results- Warsaw: Cell: 574-742-4531.

© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty.


© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2024-03-03T23:28:21.933.

 
https://bt-photos.global.ssl.fastly.net/irmls/1280_boomver_1_202335195-2.jpg https://bt-photos.global.ssl.fastly.net/irmls/1280_boomver_1_202335195-2.jpg https://bt-photos.global.ssl.fastly.net/irmls/1280_boomver_1_202335195-2.jpg
Logo
Team Melton | ERA First Advantage Realty
8711 W Highway 66
Newburgh IN, 47630
Listing provided by James Bausch of RE/MAX Results- Warsaw: Cell: 574-742-4531.