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Property Description

Cash flow opportunity! This property includes a 2 bed 1 bath home with an effective 1 bed 1 bath built on. Along side is a carriage home with 1 bed 1 bath with a 2 car garage. Rents are currently under rate and can be raised as soon as purchased. 2 of the 3 units are occupied by long term tenants. Their lease is currently month to month. Efficiency currently pays 750 while the carriage house is paying 950. The ranch is unoccupied. All new wiring 10 years ago. New sewer 10 years ago. New roof 11 years ago. all new plumbing and base board heating 10 years ago. New dry wall 10 years ago. Upgraded insulation. New dry wall. New bathroom remodels. New Paint. New carpet. Kitchen remodel. 200 Amp Service installed in 2022. This is an easy cash flow. Raise rents to market rate and make a great return.

Overview

Property Status
Sold
Lot Size
1.04 Acres
MLS ID
202403425
Property Type
Multi-Family
Year Built
1917

Features & Amenities

Architecture Styles
Bungalow
Stories
2
Utilites
Well
Roof
Asphalt, Shingle
Lot Features
Irregular, Slope
Heat Type
Electricity, Baseboard
Air Conditioning
Wall AC, Window
Sewer
Septic
HOA Amenities
None
Elementary School
Price
Middle School
Portage
High School
Northrop
School District
Fort Wayne Community
Sales Price
$340,000
Zoning
None

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2624 Kroemer Road

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    License #RB23000685

    (260) 246-1298
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