Address: 4646 Lafayette St.
State: Fort Wayne
Square Feet: 1,092
Affordable, nice and convenient Fort Wayne location
Get this property before the price goes up! Nice 3 Bed with Style and Space. We are finishing the details but you could save money by doing the stuff yourself: cleaning, TLC, washer/dryer hook up, landscape, …
Great location near all the new stores, jobs and renovated Downtown district. This single-family property located at 4646 Lafayette Street, Fort Wayne, Indiana has 3 beds, 1 bath, and approximately 1,092 square feet. It was built in 1940 and features the following:
- Maintenance free siding, aluminum windows, aluminum wrap
- Some Energy Star super-efficient double hung windows
- Private off street parking and detached 1 car garage
- Daylight basement and roomy enclosed front porch
- Remodeled kitchen with new vinyl flooring
- Hardwood floors for easy cleaning
- NEW light fixtures and switches
- Newly remodeled bath and shower
About the numbers
4646 Lafayette Street is in the Lafayette Place neighborhood of Fort Wayne Indiana. Lafayette Place has been placed on the National Historical Register for historic neighborhoods and the properties in this neighborhood are celebrating 100 years of development and pride.
The average list price for Lafayette Place is $54,470. While this property is currently assessed at $32,900 by the Allen County Assessor’s office many updates and improvements have been done since the assessment.
The property at 4646 Lafayette Street is being sold well below market value for $24,900 cash or $27,900 on contract with 2500 down. And low Wayne Township taxes will make this property affordable, and appreciate, for many years to come.
The right person with some TLC could make this property into something really special. Don’t miss this chance on a great deal.
2017 Rents in Neighborhood
Approximately 35% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the median rent for this property of $602 per month. 2017 Fair Market Rent = $670.00 a month.
2017 Household Affordability
According to U.S. Department of Housing and Urban Development the Lafayette Place neighborhood is very affordable to rent or own.
As 2017 local inventory is dropping in Fort Wayne this investor special has several viable exit strategies:
- Buy And Hold Rental
- Fix and Flip To Retail
- Wholesale to handyman, Landlord or Investor
To own this property
Monthly Est. Mortgage $202
Monthly Est. Insurance $17
Monthly Est. Tax $37
Terms of Sale
$500 will hold it and allow investor or investors authorized person to inspect property. Seller will provide clear title and pay Sellers closing costs and prorated taxes to day of sale. Investor will be provided current lease and prorated rents and deposit.
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