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Off market
  • $263,500

    1833 N Wells St, Fort Wayne, IN 46808

    4beds
    3,843sqft
    MultiFamily
    Built in 1930
    -- sqft lot
    $263,500 Zestimate®
    $69/sqft
    $1,276 Estimated rent

    Home value

    $263,500

    $237,000 - $292,000

    $1,276/mo

    Zestimate® history
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    Owner options

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    $1,276/mo

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    $1,276/mo

    Rent Zestimate®

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    $1,605/mo

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    $1,605/mo

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    What's special

    Income stream opportunity located down the street from Promenade Park. Retail space on main floor is occupied by single tenant on a 3-year lease beginning June 2019. Upstairs has 4 new tenants with leases beginning in Feb-June 2019. Tenants pay base rent plus electrical. Owner pays all other utilities and expenses. Building has new tear-off roof (2017). Main level has all new flooring, paint, LED lighting and electrical (2019). The property is adjacent to residential neighborhoods and positioned on an urban retail corridor that provides fantastic foot traffic through the area.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 6
    • Full bathrooms: 4
    • 1/2 bathrooms: 2
    Heating
    • Forced air, Gas
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Laminate
    • Basement: Unfinished, Block, Unit 1 Basement
    Interior area
    • Total interior livable area: 3,843 sqft
    • Finished area below ground: 0

    Property

    Features
    • Entry location: Unit 1 Level(Main),Unit 2 Level(Upper),Unit 3 Level(Main),Unit 4 Level(Upper)
    • Exterior features: Brick
    Lot
    • Size: 2,500 sqft
    • Features: Level, City Lot, City/Town/Suburb
    Details
    • Zoning: County Zoning(R2), City Zoning(R2)
    • Zoning description: R-2 with Commercial Variance

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1930

    Utilities & green energy

    • Electric: Indiana Michigan Power
    • Gas: NIPSCO
    • Sewer: City
    • Water: City, Fort Wayne City Utilities

    Community & neighborhood

    Location
    • Region: Fort Wayne

    HOA & financial

    Other financial information
    • Total actual rent: 34800

    Other

    Other facts
    • Heating: Forced Air, Natural Gas
    • Roof: Rubber, Flat
    • Appliances: Range/Oven, Refrigerator, Water Heater, Electric Water Heater
    • Basement: Unfinished, Block, Unit 1 Basement
    • HeatingYN: true
    • Flooring: Laminate
    • CoolingYN: true
    • RoomsTotal: 2
    • LeaseTerm: 12 Months, 3 or More Years, Unit 1 Rent Frequency(Monthly), Unit 2 Rent Frequency(Monthly), Unit 3 Rent Frequency(Monthly), Unit 4 Rent Frequency(Monthly), Unit 5 Rent Frequency(Monthly)
    • OwnerPays: Sewer, Trash Collection, Grounds Care, Insurance, Water, Taxes, Snow Removal, Maintenance, Heating, Fuel
    • ConstructionMaterials: Brick
    • NumberOfUnitsTotal: 5
    • LotFeatures: Level, City Lot, City/Town/Suburb
    • Cooling: Window Unit(s)
    • PetsAllowed: Yes
    • NumberOfUnitsLeased: 5
    • FarmLandAreaUnits: Square Feet
    • TrashExpense: 0
    • MaintenanceExpense: 500
    • TenantPays: Electricity, Unit 1 Electric, Unit 2 Electric, Unit 3 Electric, Unit 4 Electric, Unit 5 Electric
    • WaterSewerExpense: 1800
    • BelowGradeFinishedArea: 0
    • GrossIncome: 2900
    • InsuranceExpense: 1200
    • TotalActualRent: 34800
    • WaterSource: City, Fort Wayne City Utilities
    • ElectricExpense: 1200
    • FuelExpense: 2400
    • OtherExpense: 0
    • Sewer: City
    • ZoningDescription: R-2 with Commercial Variance
    • MlsStatus: Active
    • EntryLocation: Unit 1 Level(Main),Unit 2 Level(Upper),Unit 3 Level(Main),Unit 4 Level(Upper)
    • Gas: NIPSCO
    • Electric: Indiana Michigan Power
    • Zoning: County Zoning(R2), City Zoning(R2)
    • NetOperatingIncome: 25550

    Price history

    DateEventPrice
    9/21/2020Sold$167,000-16.5%$43/sqft
    Source: Agent Provided Report a problem
    2/5/2020Price change$199,900-12.7%$52/sqft
    Source: Sturges Property Group #201929456 Report a problem
    7/12/2019Listed for sale$229,000+99.1%$60/sqft
    Source: Sturges Property Group #201929456 Report a problem
    2/9/2019Sold$115,000-4.2%$30/sqft
    Source: Agent Provided Report a problem
    12/12/2018Listed for sale$120,000$31/sqft
    Source: Sturges Property Group #201853647 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Bloomingdale

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Bloomingdale
    • Middle: Lakeside
    • High: North Side
    • District: Fort Wayne Community

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $263,500
    2% more
    +$5,270
    With Zillow Showcase(estimated)
    $268,770