616 Mechanic Street Fort Wayne, IN ^$ 199,999

616 Mechanic Street

^$ 199,999

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616 Mechanic Street

Fort Wayne, IN, 46808

^$ 199,999

Bedrooms5 Baths4.0 Sq 2,062

Monthly Estimate*

^$ 1,397

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Multi-Family Home for sale in Fort Wayne, IN

for $199,999 with 5 bedrooms and 4 full baths. This 2,062 square foot home was built in 1920.

Are you a seasoned investor looking to expand your portfolio or a first-time investor seeking an investment opportunity? Welcome to this fantastic 4-plex in a prime location! Nestled within walking distance to downtown and other amenities, this four-unit property offers convenience and potential for lucrative returns. With three units rented you can start generating income immediately. New roof (Shingles only) in 2020. Home Warranty Included. Schedule your showing today!

Multi-Family Active

Price

^$ 199,999

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,681

Style

Fourplex

Year Built

1920

Town/City

Fort Wayne

County/Region

Allen

MLS | Web ID

202404040

Features

General

Heating Gas Forced Air

Cooling None

Sewer City

Pool Y/N No

Status Active Active

Full Baths 4

Half Baths 0

Bathrooms 4

Year Built 1920

New Construction No

Tenant Pays Electric Heating Sewer Trash Collection Water

Subdivision Herbert E Eckarts

Style Two Story

Stories 2

Township Wayne

Class INVESTMENT

Type Fourplex

Age 104

Net Income 16318.72

Rent Income 28200

Features Basement

REO No

Area Allen County

High School Wayne

City Fort Wayne

School District Fort Wayne Community

Total Sq Ft 2587

Street Name Mechanic

Elementary School Washington

Middle School Portage

Legal Description N 50FT LOT 144 ROCKHILLS 2ND ADD

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202404040

Agent First Name Sara

Agent Last Name Arevalo

DOM 64

Tax Year 2023

Interior

Basement Partial Basement

Flooring Carpet Laminate Other Vinyl

Beds 5

Total Number of Units 4

Microwaves 0

Refrigerators 4

Washers 0

Dryer(s) 0

Dishwasher(s) 0

Disposal(s) 0

Above Grade Bedrooms 5

Below Grade Baths 0

Below Grade Bedrooms 0

Total Rooms Below Grade 0

Ranges/Ovens 4

W/D Hookups 0

Exterior

Exterior Asbestos

Number of Parking Spaces 0

Lot Size Area 2500

Lot Dimensions 50X50

Lot Description Level

Outbuilding None

Waterfront Y/N No

* Excluded Features

List By

Sara Arevalo

Listing Agent

Century 21 Bradley Realty, Inc

Broker

fwhomesbysara@gmail.com

Affordability Calculator

$1,620

Per Month

Monthly Principal & Interest: $1,397
Monthly Property Taxes: $223
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Fort Wayne, IN

Average List Price ^$208,148

Percent of Sale Price 4%

About Fort Wayne, IN

262,196 Population

5% Since 2002

^$44,785 Median Income

36.31 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1237016 Elementary School

1235721 Middle School

Wayne High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/3/2024	$199,999	-2.44%	Price Down
3/9/2024	$205,000	-2.38%	Price Down
2/21/2024	$210,000	-12.50%	Price Down
2/8/2024	$240,000		Listed Price

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616 Mechanic Street, Fort Wayne, IN, 46808 is a Multi-Family Home for sale at $199,999 with 2,062 sqft. 616 Mechanic Street has 5 bedrooms, 4.0 baths, and was built in 1920. The property's zip code is 46808 which is in Fort Wayne, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Multiple Listing Service of the Indiana Regional Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Indiana Regional Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is 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 updated as of 4/30/2024.

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616 Mechanic Street

Multi-Family Home for sale in Fort Wayne, IN

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