Sold for $191,000 Listed for $194,900
616 Mechanic Street
This property is not currently for sale or for rent.
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!
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Map to 616 Mechanic Street, Fort Wayne, IN 46808
MLS #
202425826
Date Listed
2024-07-12
Status
Sold
Property Type
Investment
Property SubType
Fourplex
Finished Square Feet
2062 sqft
Total Square Feet
2587 sqft
New Construction
No
Style
Two Story
Type
Fourplex
Basement
Yes
Bedrooms
5
Bathrooms
4
Annual Taxes
$1,300.00
Year Taxes Payable
2024
Year Built
1920
Days on Market
27
Room Dimensions
Living Room
2 × 0
Level
Family Room
575 × 625
Level
Kitchen
575 ×
Level
4th Bedroom
1 × 1
Level
5th Bedroom
4 × 4
Level
Bathroom Locations
Full Baths
5 Main, 1 Upper
External Features
Construction
Fourplex
Lot Size
2,500 sq ft
Acreage
0.06 Acres
Lot Dimensions
50X50
Fence
None
Location
Area
Allen County
County
Allen
Subdivision
Herbert E Eckarts
Township
Wayne
City
Fort Wayne
State
IN
Zip
46808
Schools
School District
Fort Wayne Community
Elementary
Washington
Middle School
Portage
High School
Wayne
Financial
Assoc. Dues
$0.00 Not Applicable
| MLS # | 202425826 |
|---|---|
| Date Listed | 2024-07-12 |
| Status | Sold |
| Property Type | Investment |
| Property SubType | Fourplex |
| Finished Square Feet | 2062 sqft |
| Total Square Feet | 2587 sqft |
| New Construction | No |
| Style | Two Story |
| Type | Fourplex |
| Basement | Yes |
| Bedrooms | 5 |
| Bathrooms | 4 |
| Annual Taxes | $1,300.00 |
| Year Taxes Payable | 2024 |
| Year Built | 1920 |
| Days on Market | 27 |
| Living Room | 2 × 0 | Level |
| Family Room | 575 × 625 | Level |
| Kitchen | 575 × | Level |
| 4th Bedroom | 1 × 1 | Level |
| 5th Bedroom | 4 × 4 | Level |
| Full Baths | 5 Main, 1 Upper |
| Construction | Fourplex |
|---|---|
| Lot Size | 2,500 sq ft |
| Acreage | 0.06 Acres |
| Lot Dimensions | 50X50 |
| Fence | None |
| Area | Allen County |
|---|---|
| County | Allen |
| Subdivision | Herbert E Eckarts |
| Township | Wayne |
| City | Fort Wayne |
| State | IN |
| Zip | 46808 |
| School District | Fort Wayne Community |
|---|---|
| Elementary | Washington |
| Middle School | Portage |
| High School | Wayne |
| Assoc. Dues | $0.00 Not Applicable |
|---|
MLS# 202425826
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 Provided Courtesy of Jordan Wildman
eXp Realty, LLC
Home: 260-498-0384
Listing updated August 14, 2024 at 1:00 pm
Last checked 3 minutes ago
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