1231 Stophlet Street

Fort Wayne, IN 46802

$192,500
Price
5
Beds
2
Baths
2,124 Sq. Ft.
$91 / Sq. Ft.
2,124
Sq. Ft.
$91
per Sq. Ft.

Description

Beautiful two-story Victorian home currently being used as room rentals since 2012. Property is located one block from Electric Works. All current renters get along, have long standing stable incomes, and wish to remain. The current Property Manager has owned many other rooming houses and is interested in continuing to manage for the new owner and would be available to answer questions during showings. Current updates include: new mortar, primer, and Super Paint on the exterior brick, a remodeled...Beautiful two-story Victorian home currently being used as room rentals since 2012. Property is located one block from Electric Works. All current renters get along, have long standing stable incomes, and wish to remain. The current Property Manager has owned many other rooming houses and is interested in continuing to manage for the new owner and would be available to answer questions during showings. Current updates include: new mortar, primer, and Super Paint on the exterior brick, a remodeled porch area, and blown-in attic insulation. For ease of maintenance, there is plank flooring throughout the home. Plenty of off-street parking available. There is great income producing opportunity or it could be used as a single family home. Monthly building income of $2,163.92 a month after $729.41 in expenses taken out.
  1. Listed by David Budd • Tree City Realty

Property Details for 1231 Stophlet Street

Style
Two Story
Architectural Style
Victorian
Subdivision
Stophlets
Waterfront
No
Water Features
None
Pet Restrictions
No
LISTING UPDATED: 10/30/2024 02:37 PM

Property Details for 1231 Stophlet Street

StatusActive
MLS #202343520
Days on Market322
Taxes$93 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Fiveplex
Year Built1900
Lot Size0.10 AC / 4,356 SF
CountyAllen County

Building Information for 1231 Stophlet Street

Stories2Residences5Year Built1900Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 1231 Stophlet Street

Summary
Location and General Information
  • Area: Allen County
  • City: Fort Wayne
  • Zip Code: 46802
  • State: IN
  • Township: Wayne
  • Geo Latitude: 41
  • Geo Longitude: -85
  • Fips Code: 18003
  • Directions To Property: BROADWAY TO STOPHLET STREET, WEST ON STOPHLET. HOUSE WILL BE ON THE LEFT
  • Sea Wall Type: None
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2022
  • Parcel Number Id: 02-12-10-287-003.000-074
School Information
  • School District: Fort Wayne Community
  • Elementary: Study
  • Middle School: Kekionga
  • High School: Wayne
Parking
  • Number Of Parking Spaces: 5
  • Parking: Off Street, Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Fiveplex
  • Approx Lot Size Acres: 0.1
  • Lot Dimensions: 31x140
  • Below Grade Unfin Sqft: 900.0
  • Total Square Feet: 3024.0
  • Approx Lot Size Sqft: 4356.0
  • Above Grade Finished Sqft: 2124.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 900.0
  • Total Finished Sqft: 2124.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Outbuilding Length: 5.0
  • Outbuilding Sqft: 25
  • Outbuilding Width: 5.0
Property and Assessments
  • New Construction: No
  • Year Built: 1900
  • Age: 124
  • Documents Available: LBP Form
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Electric Company: Indiana Michigan Power
  • Gas Company: NIPSCO
  • Sewer: City
  • Water Company: Fort Wayne City Utilities
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking
  • Common Amenities: None
  • Exterior: Brick
  • Fence: None
  • Outbuilding: Shed
  • Platted: Yes
  • Pool: No
  • Roof Material: Asphalt
Interior Features
  • Number of Electric Meters: 1
  • Number of Gas Meters: 1
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 1
  • Number of Microwaves: 1
  • Number of Ranges/Ovens: 1
  • Number of Refrigerators: 1
  • Number of W/D Hookups: 1
  • Number of Washers: 1
  • Number Water Meters: 1
  • Basement Material: Poured Concrete
  • Basement: Yes
  • Basement/Foundation: Partial Basement, Unfinished
  • Cooling: Window
  • Flooring: Laminate
  • Heating/Fuel: Gas, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 5
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 5
  • Total Number of Full Baths: 2
  • Total Number of Half Baths: 0
  • Total Baths: 2
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 5
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 5
  • Number of Units: 5
Income & Expenses Information
  • Annual Electric Expense: $2,724.00
  • Annual Fuel Expense: $1,320.00
  • Annual Gross Rent $: $40,320
  • Annual Insurance Expense: $900
  • Annual Maint. Expense: $2,000
  • Annual Misc: $1,000
  • Annual Net Income: $30,567
  • Annual Property Tax: $93
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $1,716
  • Gross Monthly Income: $3,360
  • Gross Monthly Rent: $3,360
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 1
  • Unit 1-Num of Rooms: 1
  • Unit 1-Basement: No
  • Unit 1-Garage Type: None
  • Unit 1-Garage: No
  • Unit 1-Level: Main
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $560
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Num of Rooms: 1
  • Unit 2-Basement: No
  • Unit 2-Garage Type: None
  • Unit 2-Garage: No
  • Unit 2-Level: Main
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $560
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Num of Rooms: 1
  • Unit 3-Basement: No
  • Unit 3-Garage Type: None
  • Unit 3-Garage: No
  • Unit 3-Level: Upper
  • Unit 3-Unit Rent $: $560
Unit 4
  • Unit 4-Num of Bedrooms: 1
  • Unit 4-Num of Rooms: 1
  • Unit 4-Basement: No
  • Unit 4-Garage Type: None
  • Unit 4-Garage: No
  • Unit 4-Level: Upper
  • Unit 4-Unit Number: 4
  • Unit 4-Unit Rent $: $560
Unit 5
  • Unit 5-Num of Bedrooms: 1
  • Unit 5-Num of Rooms: 1
  • Unit 5-Basement: No
  • Unit 5-Garage Type: None
  • Unit 5-Garage: No
  • Unit 5-Level: Upper
  • Unit 5-Unit Number: 5
  • Unit 5-Unit Rent $: $560
Rental
Rental Information
  • Lease Term: Month to Month
  • Owner Pays: Electric, Sewer, Tax, Water
  • Tenant Pays: None

Property History for 1231 Stophlet Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1231 Stophlet Street

Taxable ValueLand$11,300Additions$10,800Total$22,100
Tax Record2023$132 ($11 / month)
Home Facts
Beds4Baths1Total Finished SqFt2,124 SqFtAbove Grade Finished SqFt2,124 SqFtStories2Lot Size4,340 SqFtStyleSingle Family ResidenceYear Built1900CountyALLENAPN02-12-10-287-003.000-074

Schools near 1231 Stophlet Street

This home is within Fort Wayne Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Study Elementary School
PublicPK to 5

Kekionga Middle School
Public6 to 8

South Side High School
Public9 to 12

Fort Wayne Virtual Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1231 Stophlet Street is a multi-family home for sale in Fort Wayne, IN 46802. This property was listed for sale on December 1, 2023 by Tree City Realty, it's currently listed at $192,500. It has been on the market for a total of 322 days and was last sold on October 3, 2012. This listing's school district is Fort Wayne Community Schools. Nearby schools include Study Elementary School, Kekionga Middle School and South Side High School. 1231 Stophlet Street is a 5-bed, 2-bath, 2,124 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tree City Realty

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