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$149,900   Price Analysis
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2512 S Wayne Ave
Fort Wayne, IN 46807
3 bed 2 bath 1,550 SqFt ($96/SqFt)
6,720SqFt lot. Built 1900
Listed 2024-06-27, Taxes $1,672
Ⓧ USDA Ineligible
due to location

near Fort Wayne

Investors and homeowners

Check out this Fort Wayne duplex! Offering an ideal combination of immediate cash flow from the downstairs unit and the flexibility to move in yourself or set up an additional rental in the vacant upstairs unit. The downstairs unit, currently rented to reliable tenants, features 2 bedrooms, 1 bathroom and separate living and dining space. Upstairs, you'll find a vacant 1 bdroom, 1 bathroom unit, also with separate living and dining room space.

Both units have hardwood floors and separate washer/dryer hookups. A brand new roof adds peace of mind and separate gas and electric meters ensure efficient utility management. To further minimize your expenses, tenants are responsible for a monthly water fee. This duplex is ideal for investors seeking steady rental income or homeowners who want to live in the upstairs unit and offset their mortgage with rent from the other. 3D Tour:


Presented by Jordan Wildman at
Exp Realty, Llc.
Listing Agent Photo

Property MLS #202423647 from IRMLS

Bedrooms: 3

Total Bathrooms: 2 / 0
Full Bathrooms: 2

Furnished Description: Building
Flooring: Carpet, Wood

Heating Features: Gas, Forced Air

Basement Description: Unfinished

Lot Description: Level
Lot Size Acres: 0.15427
Lot Size Dimensions: 35X192
Lot Size Square Feet: 6720

Garage Spaces: 2
Garage Description: Off Street

Elementary School: Fairfield
High School: South Side
Middle School: Jefferson
School District: Fort Wayne Community

South Wayne Elementary School is a public elementary school located approximately 0.3 miles away.
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South Side High School is a public high school located approximately 0.8 miles away.
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Portage Middle School is a public middle school located approximately 2.1 miles away.
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Summit Christian School is a private elementary, middle and high school located approximately 0.3 miles away.
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Number of Units: 2
Number of 1 Bedroom Units: 1
Number of 2 Bedroom Units: 1
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 6
Total Rooms in Unit-2: 5
Unit-1 Square Feet: 900
Unit-2 Square Feet: 650
Unit 1 Total Actual Rent: 800

Income Includes: 9600
Lease Term: 1 Year
Tenant Pays: Electric, Fuel, Water

Maintenance Expense: 1000

Community Features: Basement, Ceiling Fan, Porch Open, Water Heater Gas

Annual Tax Amount: 1730.66
Source Listing Status: Active
County: Allen County
Directions: Enter address into Google Maps.
Tax Year: 2024
Source Property Type: INVESTMENT
Source Neighborhood: C K Fairfields
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 1
Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal, Trash Collection, Water
Parcel Number: 02-12-11-359-062.000-074
Postal Code Plus 4: 1232
Property Location: City/Town/Suburb
Subdivision: C K Fairfields
Township: Wayne
Lot Number: 2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$62,100 + $12,300
$74,400
$1,672
2021$41,400 + $5,000
$46,400
$1,039
2021$41,400 + $5,000
$46,400
$1,039
2020$66,800 + $5,000
$71,800
$1,015
2019$40,400 + $5,000
$45,400
$1,010
2018$33,100 + $5,000
$38,100
$995
2017$34,500 + $4,900
$39,400
$842
2016$32,600 + $4,800
$37,400
$858
2015$21,100 + $5,000
$26,100
$783
2013$20,100 + $5,000
$25,100
$874
2012$16,200 + $5,000
$21,200
$439
2011$14,200 + $5,000
$19,200
$384
2010$20,000 + $5,000
$25,000
$444

Price Changed 2024-07-15
$149,900
IRMLS
Listed 2024-06-27
$159,900
IRMLS
Sold 2021-12-15
$122,109
IRMLS
Listing removed 2004-08-30
$350
IRMLS
Listed for rent 2004-07-09
$350
IRMLS
Sold 2004-04-08
$43,890
Public Record

Net Operating Income: 5769.34

Total Square Feet Living: 1550
Year Built: 1900
Above Grade Finished Area: 1550
Below Grade Unfinished Area: 550
Property Age: 124
Roof: Asphalt
Levels or Stories: 1.5
Structure Type: Duplex
House Style: One and Half Story
Total Area Main: 900
Total Area Sqft: 2100
Total Area Upper: 650
Total Below Grade Area: 550

Sewer: City
City
Water Sewer Expense: 1100
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floor_plan

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.