Amazing investment opportunity with this 4 Plex in Fountain City.

Hard to find 4 Plex w/ immediate income, rent roll potential of $2700/month. The units are in xtraordinary condition and include new flooring, paint and appliances. There are two separate homes that include 2 apartments each.

One is a 3 bedroom 1.5 ba th and a 1 bedroom 1 bath. The second property includes a downstairs 2 bed 1 bath and a 1 bed 1 bath. Would also be a great owner occupant model to live in one side and rent the others out. Check it out today!

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on 107 N US Highway 27
in Fountain City, IN
Presented by Team Sarah Floyd at
RE/MAX Complete.


Property MLS #21932386 from MIBOR

+ Reveal additional info including schools and tax history

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+ Appliances

Laundry Features: Connections Some

+ Other Rooms

Basement Features: Cellar, Storage Space

+ Heating and Cooling

Cooling Features: Window Unit(s)
Heating Features: Gas

+ Exterior and Lot Features

Balcony
Road Access: Not Applic
Road Frontage Type: City Street
Road Surface Type: Asphalt, Gravel

+ Land Info

Lot Description: Access, Corner Lot, Sidewalks, Storm Sewer, Street Lights, Mature Trees
Lot Size Acres: 0.21
Lot Size Square Feet: 9147

+ Garage and Parking

Parking Features: Alley Access, Common

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0
Pet Description: Pet Restrictions Source: 1, Pet Size: 1, Pet Deposit Fee: 1.5

+ School Information

Elementary School: Northeastern Elementary School
High School: Northeastern High School
High School District: Northeastern Wayne Schools
Middle School: Northeastern Middle School
+ Display Complete School Details

Northeastern Middle School is a public middle school located approximately 1.5 miles away.
Map directions

Northeastern High School is a public high school located approximately 1.5 miles away.
Map directions

Northeastern Elementary School is a public elementary school located approximately 1.6 miles away.
Map directions

Willow View is a private elementary and middle school located approximately 1.2 miles away.
Map directions

+ Rental Info

Gross Income: 32000
Tenant Pays: All Utilities

+ Multi-Unit Info

Number of Units: 4
Unit Type: 3 Bedroom, 1 Bedroom, 2 Bedroom, 1 Bedroom
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1.5
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Rooms in Unit-1: 7
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 5
Total Rooms in Unit-4: 4
Unit-1 Square Feet: 800
Unit-2 Square Feet: 800
Unit-3 Square Feet: 900
Unit-4 Square Feet: 500
Unit 1 Total Actual Rent: 1000
Unit 2 Total Actual Rent: 600
Unit 3 Total Actual Rent: 750
Unit 4 Total Actual Rent: 550

+ Other Property Info

Source Listing Status: Pending
County: Wayne
Directions: Use GPS
Tax Year: 2022
Source Property Type: Residential Income
Area: 8904 - Wayne - New Garden
Source Neighborhood: 8904 - Wayne - New Garden
Owner Pays: Insurance, Lawncare, Taxes
Parcel Number: 890701130112000023
Township: New Garden
Zoning: Single Family
Property Subtype: Fourplex
Lot Number: 3, 13, 4
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2021	$63,300 + $12,400 $75,700	$1,514
2020	$62,600 + $12,400 $75,000	$1,499
2019	$62,600 + $12,400 $75,000	$1,500
2018	$60,500 + $12,400 $72,900	$1,498
2018	$62,500 + $12,400 $74,900	$1,498
2017	$60,400 + $12,400 $72,800	$1,458
2016	$58,500 + $12,400 $70,900	$1,455
2015	$58,500 + $12,400 $70,900	$1,418
2013	$56,500 + $17,700 $74,200	$2,270
2012	$55,500 + $18,900 $74,400	$1,488
2011	$60,200 + $18,900 $79,100	$1,581
2009	$60,200 + $18,900 $79,100	$2,067

+ Reveal Property Sale History

Listed 2023-07-15
$134,900
MIBOR

+ Building and Construction

Year Built: 1910
Foundation Details: Block
Levels: Two
Property Age: 114
Property Attached: Yes
Property Condition: Updated/Remodeled
Roof: Shingle
Architectural Style: TraditonalAmerican