1426 High Street

Fort Wayne, IN 46808

$289,900
Price
5
Beds
5
Baths
3,034 Sq. Ft.
$96 / Sq. Ft.
3,034
Sq. Ft.
$96
per Sq. Ft.

Description

This well-maintained 5-plex in Fort Wayne offers a compelling opportunity for investors seeking consistent income and long-term value. Featuring five one-bedroom, one-bathroom units, this property offers a well-balanced layout for strong rental demand. Currently, the owner covers all utilities. However, the potential for increased income exists by implementing RUBS. This prime location caters to a variety of tenant preferences, reflected in the property's historical gross rent of $3,050 per month....This well-maintained 5-plex in Fort Wayne offers a compelling opportunity for investors seeking consistent income and long-term value. Featuring five one-bedroom, one-bathroom units, this property offers a well-balanced layout for strong rental demand. Currently, the owner covers all utilities. However, the potential for increased income exists by implementing RUBS. This prime location caters to a variety of tenant preferences, reflected in the property's historical gross rent of $3,050 per month. The property boasts a coveted location close to the downtown core, ensuring convenient access to amenities, while also being just minutes from Promenade Park and the beautiful Lindenwood Nature Preserve. With its strong rental demand, potential for appreciation, and access to both urban excitement and natural beauty, this 5-plex positions you for success in a growing market.
  1. Listed by Jordan Wildman • eXp Realty, LLC

Property Details for 1426 High Street

Style
Other
Subdivision
Wayne Heights
Waterfront
No
Water Features
None
Pet Restrictions
No
LISTING UPDATED: 12/03/2024 05:46 PM

Property Details for 1426 High Street

StatusActive
MLS #202425822
Days on Market163
Taxes$3,912 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Fiveplex
Year Built1900
Lot Size0.27 AC / 11,954 SF
CountyAllen County

Building Information for 1426 High Street

Stories2Residences5Year Built1900Building Size-Lot Size0.27 AC / 11,954 SF

Property Information for 1426 High Street

Summary
Location and General Information
  • Area: Allen County
  • City: Fort Wayne
  • Zip + 4: 3419
  • Zip Code: 46808
  • State: IN
  • Township: Wayne
  • Geo Latitude: 41
  • Geo Longitude: -85
  • Fips Code: 18003
  • Directions To Property: Enter address into Google Maps.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 02-12-03-252-022.000-074
School Information
  • School District: Fort Wayne Community
  • Elementary: Washington
  • Middle School: Portage
  • High School: Wayne
Parking
  • Number Of Parking Spaces: 2
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Fiveplex
  • Approx Lot Size Acres: 0.27
  • Lot Dimensions: 86X139
  • Lot Number: 18
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 3034.0
  • Approx Lot Size Sqft: 11954.0
  • Above Grade Finished Sqft: 3034.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 3034.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1900
  • Age: 124
  • Documents Available: Income/Expenses, LBP Form, Lease, Sellers Disclosure
  • Planned Unit Development: No
Utilities
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Sewer: City
  • Water Company: Fort Wayne City Utilities
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Countertops-Laminate, Deck Open, Eat-In Kitchen, Porch Open
  • Exterior: Vinyl
  • Fence: None
  • Outbuilding: None
  • 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: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 5
  • Number of Refrigerators: 5
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Number Water Meters: 1
  • Basement: Yes
  • Basement/Foundation: Partial Basement
  • Cooling: None
  • Flooring: Carpet, 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: 5
  • Total Number of Half Baths: 0
  • Total Baths: 5
  • 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: 4
  • Number of Units: 5
Income & Expenses Information
  • Annual Electric Expense: $5,450.00
  • Annual Fuel Expense: $1,800.00
  • Annual Gross Rent $: $36,600
  • Annual Insurance Expense: $2,300
  • Annual Maint. Expense: $2,000
  • Annual Misc: $0
  • Annual Net Income: $18,838
  • Annual Property Tax: $3,912
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $2,300
  • Gross Monthly Income: $3,050
  • Gross Monthly Rent: $3,050
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 1
  • Unit 1-Num of Rooms: 3
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $475.00
  • Unit 1-Electric: Owner
  • Unit 1-Garage: No
  • Unit 1-Gas: Owner
  • Unit 1-Laundry Room: None
  • Unit 1-Lease Exp Date: 05-31-2024
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $545
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Num of Rooms: 3
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $500.00
  • Unit 2-Electric: Owner
  • Unit 2-Garage: No
  • Unit 2-Gas: Owner
  • Unit 2-Laundry Room: None
  • Unit 2-Lease Exp Date: 10-31-2024
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $595
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Num of Rooms: 3
  • Unit 3-Basement: No
  • Unit 3-Currently Rented: Yes
  • Unit 3-Deposit Amount: $500.00
  • Unit 3-Electric: Owner
  • Unit 3-Garage: No
  • Unit 3-Gas: Owner
  • Unit 3-Laundry Room: None
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 3
  • Unit 3-Unit Rent $: $600
Unit 4
  • Unit 4-Num of Bedrooms: 1
  • Unit 4-Num of Rooms: 3
  • Unit 4-Basement: No
  • Unit 4-Currently Rented: Yes
  • Unit 4-Deposit Amount: $625.00
  • Unit 4-Electric: Owner
  • Unit 4-Garage: No
  • Unit 4-Gas: Owner
  • Unit 4-Laundry Room: None
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: 4
  • Unit 4-Unit Rent $: $665
Unit 5
  • Unit 5-Num of Bedrooms: 1
  • Unit 5-Num of Rooms: 3
  • Unit 5-Basement: No
  • Unit 5-Currently Rented: Yes
  • Unit 5-Electric: Owner
  • Unit 5-Garage: No
  • Unit 5-Gas: Owner
  • Unit 5-Laundry Room: None
  • Unit 5-Rent Frequency: Monthly
  • Unit 5-Unit Number: Rear
  • Unit 5-Unit Rent $: $645
Rental
Rental Information
  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water
  • Tenant Pays: None

Property History for 1426 High 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 1426 High Street

Taxable ValueLand$17,000Additions$154,100Total$171,100
Tax Record2023$3,912 ($326 / month)
Home Facts
Baths3Total Finished SqFt3,034 SqFtAbove Grade Finished SqFt3,034 SqFtStories2Lot Size11,954 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900CountyALLENAPN02-12-03-252-022.000-074

Schools near 1426 High 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
Washington Elementary School
PublicPK to 5

Portage Middle School
Public6 to 8

Wayne 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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1426 High Street is a multi-family home for sale in Fort Wayne, IN 46808. This property was listed for sale on July 12, 2024 by eXp Realty, LLC, it's currently listed at $289,900. It has been on the market for a total of 163 days and was last sold on January 12, 2021. This listing's school district is Fort Wayne Community Schools. Nearby schools include Washington Elementary School, Portage Middle School and Wayne High School. 1426 High Street is a 5-bed, 5-bath, 3,034 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 eXp Realty, LLC

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.