Address: 2624 Maumee Ave.
City: Fort Wayne
Square Feet: 1668
Bedrooms: 3 or 4
Investor? Landlord? Rehabber? Looking for a bargain?
This home is priced better than REO, with a large upside potential! The house caught fire in a bedroom and needs rehabbed. Great Flip potential or great rental with a solid rental history with long-term tenants (over 8 years) who would love to continue renting this home after it is fixed.
As 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
Welcome to 2624 Maumee Ave. Fort Wayne 46803
Rehab Cost = $10-15k depending how nice you do rehab.
After Repair Value (ARV)= $39k
Fair Market Rent = $550.00 a month
Currently vacant until fire damage is fixed.
- NEW garage roof in 2011
- Private yard on 3 wooded lots
- NEW Tear off & re-roof on porch
- Just East of the renovated downtown district
- Stellar long term hold property in Fort Wayne
- NEW siding, windows and interior walls of porch
- Long-term tenants of 8+ years want to continue renting this home
Appealing to Renters and Homebuyers
The property currently has 1668 square foot plus a newly renovated 200 sq. ft. enclosed font porch. Outside there is plenty of private off street parking and a 2 car garage with new roof. All of this sits on 3 separate wooded city lots.
I don’t have the time to give the deserved and needed attention. Great opportunity to make some $$$. Steal this Burn House before we run ads for it! Bring Offers and Cash. Get your investment back with only a few years worth of rental income or flip it.
Terms of Sale
$500 to hold it- first come first serve. Seller will provide clear title and pay Sellers closing costs and prorated taxes to day of sale. No contracts for this investor special.