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Updated almost 12 years ago on .

User Stats

276
Posts
77
Votes
Adam Gerig
  • Investor
  • Fort Wayne, IN
77
Votes |
276
Posts

3bd/1ba ranch w/ hardwoods & 2 car garage in Fort Wayne

Adam Gerig
  • Investor
  • Fort Wayne, IN
Posted

Been on the market for less than a week and is owned by a local smaller bank. It has hardwoods throughout. Very nice interior and a 2 car detached garage as well as a/c. The only question market is the plumbing, but from the looks of it seemed to be ok as it was winterized before it got really cold here and the heat was on. It’s a 3bd/1ba house. I think it can be had with $15-17k or less for an all cash offer. Less than $4k in rehab. (Appliances, plumbing retooling if need be, cleaning, and paint in one room possible(there’s like a super hero drawn on the wall)) My guess as far as rent is low to mid $600’s. If you make it a section 8 house I think you can get closer to the $700 range and they’d have to sign a 2-year lease. Rehab may run a little higher on that, but still would be I think in the $4k at most range. I’m giving you guys first crack at it if you don’t want it or have any interest it I’ll forward on to my other contacts.

If you want more information on the neighborhood you can go to http://www.neighborhoodscout.com/ if you want more information on the area and if you want more information on the property email me or send me a colleague request and I can scan you a copy of everything I have.