462 E Suttenfield St, Fort Wayne, IN 46803
- $89,900
- 4
- BD
- 2
- BA
- 1,685
- SqFt
Listing courtesy of Jerry Starks from JM Realty Associates, Inc.. Cell: 260-479-8161
- List Price
- $89,900
- Status
- ACTIVE
- MLS#
- 202618627
- Year Built
- 1915
- Days On Market
- Unknown
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1,685
- Township
- Wayne
- Subdivision
- Purman(s)
Property Description
Conveniently located near downtown, this duplex presents an incredible opportunity for investors, flippers, or owner-occupants looking to build equity and customize a property from the ground up. The owner has already taken the property all the way down to the studs, giving you a clean slate to design and finish exactly how you envision. With the major demolition already completed, you can move directly into rebuilding and installing all new electrical, plumbing, HVAC, windows, finishes, and other updates to create a modern income-producing property. Basement walls are solid, and the property offers strong upside potential for the right buyer. Plans and blueprints are available to help guide the design and layout, while still allowing flexibility to customize the duplex to your liking. Estimated rental income after completion is approximately $1,300–$1,500 per side, with an estimated after-repair value around $240,000–$250,000. The owner is a licensed contractor and may be willing to discuss completing the renovation for the buyer. FHA 203(k) financing could be a fantastic option — live in one unit while renting the other to help offset your mortgage payment. The possibilities are endless. Don’t miss this opportunity to create value and build wealth with a duplex in a convenient downtown location.
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Additional Information
- Acres
- 0.05
- Lot Features
- Level
- Water
- City
- Heating
- Natural Gas, Forced Air
- Cooling
- None
- Flooring
- Carpet, Wood, Vinyl
- School District
- Fort Wayne Community
- Elementary School
- Fairfield
- Middle School
- Shawnee
- High School
- South Side
- Agent Name
- Jerry Starks
Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. 