Address: 927 High St.
City: 927 High St.
Square Feet: 1,404
Bedrooms: 2 or 3
Affordable Cashflow Flip Deal on Fort Wayne Investment Property
North of Downtown 2 or 3 bedroom Charming Property located in the heart of Fort Wayne and convenient to shopping, dining, parks and recreation and all that the new downtown has to offer. 927 High Street is a 10 minute drive to Jefferson Pointe or Glenbrook and offers great updates make this charming property even better.
Nicely Remolded in 2020
Inside this property the bright and remolded kitchen leads which sports a new microwave hood combination over the stove, refrigerator, stove and dishwasher- all of which stay.
Next is the dining room with natural woodwork that leads to the cozy living room overlooking the enclosed front porch. Most mechanicals are new and trouble-free: hot water heater, light and plumbing fixtures, ceiling fan, storm windows and doors & more.
Features and Amenities
Out back you’ll find a nice sized fenced back yard with slate and stone fire pit. Seller has estimate to enclose 3rd room. 927 High Street is a solid stick built property built in 1940 and features the following features and amenities:
- Private off street parking and detached 1 car garage & workshop
- Energy Star super-efficient double hung windows
- fenced back yard with slate and stone fire pit
- Remolded kitchen with new vinyl flooring
- Quaint enclosed front porch with blinds
- Maintenance free siding and wrapping
- New light fixtures and switches
- Enclosed back porch with storage
- Washer and dryer hookups
- New 95% Gas forced air
- Daylight basement
About the numbers
927 High Street is in the Hamilton neighborhood in Fort Wayne and in ZIP Code 46808. The average list price for Hamilton is $37,345. Estimated Market Value: $54,382.
927 High Street last sold in Dec 2009 for $54,000 and has a potential investment return of 6.81%. It is predicted Hamilton property values will rise 3.1%. And low taxes will make this property affordable, and appreciate, for many years to come.
The property at 927 High Street is being sold below market value cash, new mortgage or on land contract with $2500 down. Don’t miss this chance on a great deal.
2020 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 $697 per month. 2020 Fair Market Rent = $670.00 a month.
Household Affordability for 2020
According to U.S. Department of Housing and Urban Development the Hamilton neighborhood is very affordable to rent or own.
As 2020 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 $256
Monthly Est. Insurance $23
Monthly Property Tax $67
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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