Lakeside Park - Duplex

1226-1228 Elmwood Avenue, Fort Wayne

5 Bedrooms 2 Baths 0 Half Baths 2866 Sq. Feet

Status: Sold Selling Price: $80,000
MLS: 201640933 Sq. Ft: 2866 Lot Size: 0.15 acres
Bedrooms: 5 Full Baths: 2 Half Baths: 0
Stories: 2 Basement: Yes, Unfinished Daylight Year built: 1930

Property Details:

Address: 1226-1228 Elmwood Avenue
Fort Wayne, Indiana 46805
Garage: Detached 2 Car
Schools: Elementary: Forest Park
Middle School: Lakeside
High School: North Side
Fence: Yes
Pool: No

This two-story, 2,866 sq. ft. duplex is an outstanding opportunity for a novice landlord or the professional investor. Cute and well maintained, this Cape Cod-style home is just around the corner from Lakeside Rose Garden, and a short bike ride to downtown Fort Wayne or the North Anthony Corridor. Right in the heart of the '05 area, this is the perfect property to live in one unit, while your tenant pays housing costs and your equity grows. Or, rent out both units and sit back and collect the cash flow.

A long-term tenant occupies the three-bedroom, one-bath apartment downstairs and pays $700 per month, plus electric and gas. There is a month-to-month tenant in the upstairs two-bedroom, one-bath apartment paying $500 per month plus utilities. There are separate gas and electric meters. The owner pays the water bill.  Both tenants have separate entrances and both have access to basement/laundry. Additional amenities include a fenced backyard and covered back patio for outdoor entertaining. The garage is perfect for storage, and could potentially be rented out. Limited photos available for tenant privacy.

1226-1228 Elmwood Avenue, Fort Wayne

5 Bedrooms 2 Baths 0 Half Baths 2866 Sq. Feet

Status: Sold Selling Price: $80,000
MLS: 201640933 Sq. Ft: 2866 Lot Size: 0.15 acres
Bedrooms: 5 Full Baths: 2 Half Baths: 0
Stories: 2 Basement: Yes, Unfinished Daylight Year built: 1930

Property Details:

Address: 1226-1228 Elmwood Avenue
Fort Wayne, Indiana 46805
Garage: Detached 2 Car
Schools: Elementary: Forest Park
Middle School: Lakeside
High School: North Side
Fence: Yes
Pool: No

This two-story, 2,866 sq. ft. duplex is an outstanding opportunity for a novice landlord or the professional investor. Cute and well maintained, this Cape Cod-style home is just around the corner from Lakeside Rose Garden, and a short bike ride to downtown Fort Wayne or the North Anthony Corridor. Right in the heart of the '05 area, this is the perfect property to live in one unit, while your tenant pays housing costs and your equity grows. Or, rent out both units and sit back and collect the cash flow.

A long-term tenant occupies the three-bedroom, one-bath apartment downstairs and pays $700 per month, plus electric and gas. There is a month-to-month tenant in the upstairs two-bedroom, one-bath apartment paying $500 per month plus utilities. There are separate gas and electric meters. The owner pays the water bill.  Both tenants have separate entrances and both have access to basement/laundry. Additional amenities include a fenced backyard and covered back patio for outdoor entertaining. The garage is perfect for storage, and could potentially be rented out. Limited photos available for tenant privacy.