Multi-family (Duplex - Fourplex) Property for sale: $35,000 MLS# 2807651 542 W Fourth St , Fort Wayne 46808 IN

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Property Details

$35,000 (Originally $42,900)
MLS: 2807651
3 bed, 2 bath, 1548 sq. ft.

542 W Fourth St , Fort Wayne 46808 | 119 year old, 2 story, 0.08 acre

Nice Income From This Affordable Duplex. Both Units Are Currently Leased. In A Great Rental Area. Close To Harrison Square. Motivated Seller. Will Consider Land Contract With A Substantial Down Payment.

Amenities
Rec. Room

Active, Listed 6/2/2008

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Property Details

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Property/General Information
Acres	0.08	Age	119
Area	70	Basement Unit 1	YES
Bathrooms	2	Bedrooms	3
Below Grd Fnshd SQFT	0	City	Fort Wayne
County	Allen	Date Completed
Fireplace	NO	Flooring	CARP
Foyer	NO	Full Bathrooms	2
Half Bathrooms	0	Listing Price	35000
Lot Description	LEVL	Lot Dimensions	25x141
Lot Measurement	A	Lot Number	15
Lot Size Source	A	Lot Square Footage	3485
Multiple Listing Number	2807651	New	NO
No. of 1-Bedrooms	0	No. of 2-Bedrooms	1
No. of 3-Bedrooms	1	No. of 4-Bedrooms	0
No. of Efficiencies	0	No. of Units Rented	2
Number of Buildings	1	Number of Units	2
Original Price	42900	Possible Bedrooms	0
Price Per Acre	437500	Price Per Square Foot	22.61
Property Subtype 1	DUPL	Property Subtype 2
Property Subtype 3		Property Type	MULT
Quarter Bathrooms	0	Region	0
School Bus Route 1		School Bus Route 2
School Bus Route 3		School Bus Route 4
School District	Fort Wayne Community	School Name 1	Bloomingdale
School Name 2	Lakeside	School Name 3	North Side
School Name 4		School Type 1	ELEM
School Type 2	JRHG	School Type 3	SRHG
School Type 4		Section	0
Section Number	0	Show Address To Public	1
Square Footage	1548	Square Footage Source
State	IN	Street Name	Fourth
Street Number	542	Street Suffix	St
Subdivision	Langohrs Addition	Three Quarter Bathrooms	0
Town	Fort Wayne	Township
Township	Wayne	Year Built	0
Year Built	1890	ZIP	46808
Zip Code	46808	Zip Plus 4
Zoning	R2

Property/General Information
Acres	0.08	Age	119
Area	70	Basement Unit 1	YES
Bathrooms	2	Bedrooms	3
Below Grd Fnshd SQFT	0	City	Fort Wayne
County	Allen	Date Completed
Fireplace	NO	Flooring	CARP
Foyer	NO	Full Bathrooms	2
Half Bathrooms	0	Listing Price	35000
Lot Description	LEVL	Lot Dimensions	25x141
Lot Measurement	A	Lot Number	15
Lot Size Source	A	Lot Square Footage	3485
Multiple Listing Number	2807651	New	NO
No. of 1-Bedrooms	0	No. of 2-Bedrooms	1
No. of 3-Bedrooms	1	No. of 4-Bedrooms	0
No. of Efficiencies	0	No. of Units Rented	2
Number of Buildings	1	Number of Units	2
Original Price	42900	Possible Bedrooms	0
Price Per Acre	437500	Price Per Square Foot	22.61
Property Subtype 1	DUPL	Property Subtype 2
Property Subtype 3		Property Type	MULT
Quarter Bathrooms	0	Region	0
School Bus Route 1		School Bus Route 2
School Bus Route 3		School Bus Route 4
School District	Fort Wayne Community	School Name 1	Bloomingdale
School Name 2	Lakeside	School Name 3	North Side
School Name 4		School Type 1	ELEM
School Type 2	JRHG	School Type 3	SRHG
School Type 4		Section	0
Section Number	0	Show Address To Public	1
Square Footage	1548	Square Footage Source
State	IN	Street Name	Fourth
Street Number	542	Street Suffix	St
Subdivision	Langohrs Addition	Three Quarter Bathrooms	0
Town	Fort Wayne	Township
Township	Wayne	Year Built	0
Year Built	1890	ZIP	46808
Zip Code	46808	Zip Plus 4
Zoning	R2
Structure
Basement	YES	Foundation	FULL
Stories	2	Style	70
Total Below Grd SQFT	580
Exterior
Deck	NO	Deck Dim
DeckDim Area	0	DeckDim Dim	0 x 0
DeckDim Len	0	DeckDim Wid	0
Exterior	VNL	Fenced Yard	YES
Outbuilding	SHED	Outbuilding Dim
OutbuildingDim Area	0	OutbuildingDim Dim	0 x 0
OutbuildingDim Len	0	OutbuildingDim Wid	0
Patio	NO	Patio Dim	0x0
PatioDim Area	0	PatioDim Dim	0 x 0
PatioDim Len	0	PatioDim Wid	0
Porch	YES	Porch Dim	6x14
PorchDim Area	84	PorchDim Dim	6 x 14
PorchDim Len	6	PorchDim Wid	14
Utility Shed	YES
Garage/Parking
Driveway		Garage	NO
Garage Dimensions	0x0	Garage Sq Ft	0
Garage Type	NONE	Garage/No. of Cars	0
GarageDimensions Area	0	GarageDimensions Dim	0 x 0
GarageDimensions Len	0	GarageDimensions Wid	0
Off Street Parking	YES	Unit 1 Garage	NO
Unit 2 Garage	NO	Unit 3 Garage
Unit 4 Garage		Unit 5 Garage
Living Area
Unit 1 # of Bedrooms	3	Unit 1 # of Rooms	6
Unit 1 Electric	TENA	Unit 1 Gas	TENA
Unit 1 Level	MAIN	Unit 1 Number	1
Unit 2 # of Bedrooms	2	Unit 2 # of Rooms	5
Unit 2 Basement	NO	Unit 2 Electric	OWNR
Unit 2 Gas	OWNR	Unit 2 Level	UPPE
Unit 2 Number	2	Unit 3 # of Bedrooms	0
Unit 3 # of Rooms	0	Unit 3 Basement
Unit 3 Electric		Unit 3 Gas
Unit 3 Level		Unit 3 Number	0
Unit 4 # of Bedrooms	0	Unit 4 # of Rooms	0
Unit 4 Basement		Unit 4 Electric
Unit 4 Gas		Unit 4 Level
Unit 4 Number	0	Unit 5 # of Bedrooms	0
Unit 5 # of Rooms	0	Unit 5 Basement
Unit 5 Electric		Unit 5 Gas
Unit 5 Level		Unit 5 Number	0
Unit Gas		Unit1 # of Bathrooms	1
Unit2 # of Bathrooms	1	Unit3 # of Bathrooms	0
Unit4 # of Bathrooms	0
Additional Features
Ceiling Fan	NO	Gas Grill	NO
Golf Course	NO	Handicap	NO
Hot Tub	NO	Jet/Garden Tub	NO
Lake Name		Lake Type
Natural Woodwrk	NO	Pool	NO
Pool Type	NONE	Public Walks	YES
Skylight	NO	Waterfront	NONE
Kitchen
Num of Microwave	0	Num of Range/Oven	2
Num of Refrigerator	2	Number of Dishwasher	0
Number of Disposal	0
Laundry
Laundry Area	OTHR	Laundry Area Dim	15x15
LaundryAreaDim Area	225	LaundryAreaDim Dim	15 x 15
LaundryAreaDim Len	15	LaundryAreaDim Wid	15
Num W/D Hookups	1	Number of Dryers	0
Number of Washers	0
Financial/Associations
$ Unit 1 Rent	110	$ Unit 2 Rent	120
$ Unit 3 Rent	0	$ Unit 4 Rent	0
$ Unit 5 Rent	0	Agreement Type
Agreement Type 2		Annual Tax Exception
Annual Taxes	1117.5	Assn Dues	0
Assoc Dues Exp	NONE	Assoc Dues Freq	NONE
Association	MLS	Currently Rented Ut1	YES
Currently Rented Ut2	YES	Currently Rented Ut3
Currently Rented Ut4		Currently Rented Ut5
Exemptions		Existing Financing	CLR
Financing		Financing Comments
Gross Annual Rent	11960	Lease Term	1YER
Lease Type		Net Annual Income	7356
Net Tax Rate	0	Property Tax	1244
Proposed Financing	CASH,CONT,CONV	Sub Lease
Sub Lease Expiration Date	1/1/1800 12:00:00 AM	Tax Expense	OWN
Tax ID	021202127018000074	Unit1 Deposit Amount	300
Unit1 Lease Exp.Date	2008-06-01	Unit1 Rent Frequency	WEEK
Unit2 Deposit Amount	300	Unit2 Lease Exp.Date	2008-08-01
Unit2 Rent Frequency	WEEK	Unit3 Deposit Amount	0
Unit3 Lease Exp.Date		Unit3 Rent Frequency
Unit4 Deposit Amount	0	Unit4 Lease Exp.Date
Unit4 Rent Frequency		Unit5 Deposit Amount	0
Unit5 Lease Exp.Date		Unit5 Rent Frequency
Year Taxes Payable	2009
Other/Utilities
# Elec Meters	0	# Gas Meters	0
# Water Meters	0	Alarm Expense	NONE
Annual Electric Exp.	1560	Annual Fuel Expense	660
Annual Misc	0	Bldg Insurance Exp	OWN
Cable Expense	TENA	Cooling	WIND
Cooling Expense	MIX	Electric Expense	MIX
Fuel	ELEC,GAS	Fuel Expense	OWN
Heating	BASE,FORC	Heating Expense	OWN
Insurance Expense	0	Lawn Maintenance Exp	TENA
Maintenance Cost	300	Maintenance Exp	OWN
Parking Expense	NONE	Pet Restrictions	NO
Restrictions		Security System	NO
Sewer	CITY	Sewer Expense	OWN
Snow Removal Exp	TENA	Trash Collection Exp	OWN
Trash Expense	0	Ttl Concessions Pd.	0.00
Unit5 # of Bathrooms	0	Water	CITY
Water Expense	OWN	Water Heater	ELEC
Water Softener	NO	Water Softener Exp	NONE
Water/Sewer Exp	840

Area Map

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Neighborhood Information

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Demographic Summary for Zip Code
Population:	19016	Major City:	FORT WAYNE
Households:	8216	County:	ALLEN
Average Household Income:	$34,006	State:	IN
Average Commute Time:	17.8 Min	White Population	17543
Black Population	435	Hispanic Population	811
Asian Population	224	Hawaiian Population	8
Other Population	339	Male Population	9476
Female Population	9540	Average House Value	61500.00
Median Age	33.1	Median Age Male	31.7
Median Age Female	34.6	Area Code	260
Day Light Saving	Y	Land Area Sq. Miles	10.496620
Water Area Sq. Miles	0.071630

Demographic Summary for Zip Code
Population:	19016	Major City:	FORT WAYNE
Households:	8216	County:	ALLEN
Average Household Income:	$34,006	State:	IN
Average Commute Time:	17.8 Min	White Population	17543
Black Population	435	Hispanic Population	811
Asian Population	224	Hawaiian Population	8
Other Population	339	Male Population	9476
Female Population	9540	Average House Value	61500.00
Median Age	33.1	Median Age Male	31.7
Median Age Female	34.6	Area Code	260
Day Light Saving	Y	Land Area Sq. Miles	10.496620
Water Area Sq. Miles	0.071630
Household Details
Total Housing Units:	8876	Total Households:	8216
Total Population in Households:	18665	Total Households with a member under 18:	2514
Total Households with a member over 65:	2136	Total Families in Households:	4641
Total 2-Person Families in Households:	2028	Total 3-Person Families in Households:	1149
Total 4-Person Families in Households:	851	Total 5-Person Families in Households:	387
Total 6-Person Families in Households:	150	Total 7+ Person Families in Households:	76
Total Households with Non-Family Members:	3512	Total 1-Person Non-Family Households:	2816
Total 2-Person Non-Family Households:	593	Total 3-Person Non-Family Households:	71
Total 4-Person Non-Family Households:	27	Total 5-Person Non-Family Households:	4
Total 6-Person Non-Family Households:	1	Total 7+ Person Non-Family Households:	0
Family Details
Families:	4623	Families w/Children Under 18 Yrs:	242
Families w/Children Under 5 Yrs:	144	Families w/Female Householder - no Husband:	140
Commuting Details
Commuting Workers 16 or Over:	9598	Drive Alone:	7792
Carpooled:	1149	Public TransportationPublic Transportation:	78
Walked:	248	Other Means:	147
Work at Home:	184	Mean Travel Time (minutes):	17.8
Employment Details
Employed Civilian Pop 16 Yrs and Over:	9834	Mgmt and Professional:	2109
Employed Civilian Females:	4476	Employed Civilian Females w/Children Under 6 Yrs:	1549
Service:	1563	Sales and Office:	2678
Farming, Fishing and Forestry:	15	Construction, Extraction and Maintenance:	1233
Production, Transportation and Material Moving:	2236	Agriculture, Forestry, Fishing and Hunting:	53
Construction:	871	Manufacturing:	2226
Wholesale Trade:	526	Retail Trade:	1201
Transportation, Warehousing and Utilities:	455	Employment Information:	310
Finance, Insurance, Real Estate and Rental/Leasing:	548	Prof., Scientific, Mgmt, Admin and Waste Mgmt:	607
Employment, Education, Health, and Social Services:	1319	Arts, Entertainment Recreation, Accomodation and Food Services:	942
Employment Other_Services:	590	Public Administration:	186
Private Wage and Salary:	8782	Government:	647
Self-Employed - not Incorporated:	395	Unpaid Family Workers:	10
Income Details
Families:	4623	Family Average Income:	42009
Family Per Capita Income:	16974	Families In Poverty:	306
Female, Fulltime Median Earnings:	24764	Male, Fulltime Median Earnings:	31788
With Social Security Income:	1926	Mean Social Security Income:	12172
With Supplemental Security Income:	300	Mean Supplemental Security Income:	6579
With Public Assistance:	239	Mean Public Assistance Income:	3257
Mean Retirement Income:	10795	Individuals in Poverty:	1959
Less than $10,000:	146	$10,000 to $14,999:	178
$15,000 to $24,999:	712	$25,000 to $34,999:	751
$35,000 to $49,999:	1101	$50,000 to $74,999:	1191
$75,000 to $99,999:	391	$100,000 to $149,999:	126
$150,000 to $199,999:	5	$200,000 or More:	22

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The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of theFort Wayne Multiple Listing Service. Real estate listings held by brokerage firms other than Mike Thomas Associates/F.C. Tuckerare marked with the IDX logo and detailed information about them includes the name of the listing brokers.The information being provided is for consumers' personal, non-commercial use and may not be used for anypurpose other than to identify prospective properties consumers may be interested in purchasing.