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Dawn Evans

dawn@theevansrealtygroup.com +1(812) 327-8878

$ 102,000

Est. payment -/mo

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Price Dropped by $7K

462 E Suttenfield Street Fort Wayne, IN 46803

4 Beds

2 Baths

1,685 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,685 sqft

Subdivision Purman(S)

MLS Listing ID 202618627

Style Three Story

Bedrooms 4

Full Baths 2

Abv Grd Liv Area 1,685

Total Fin. Sqft 1685

Year Built 1915

Tax Year 2026

Lot Size 2,178 Sqft

Property Sub-Type Duplex

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.

Location

State IN

County Allen County

Area Allen County

Direction GPS Directions are accurate.

Rooms

Dining Room 0

Interior

Flooring Carpet, Wood, Vinyl

Appliance Other

Laundry , 0

Exterior

Amenities Available Basement, Porch Open

Building

Lot Description Level

Story 3

Structure Type Wood

New Construction No

Schools

Elementary Schools Fairfield

Middle Schools Shawnee

High Schools South Side

School District Fort Wayne Community

Others

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202618627

IDX information provided by the Indiana Regional MLS

Listed by Jerry Starks • JM Realty Associates, Inc. • Cell: 260-479-8161

NEARBY SCHOOLS & PROPERTIES

Dawn Evans

Real Estate Broker/Realtor | RB19001118

+1(812) 327-8878

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Dawn Evans

462 E Suttenfield Street Fort Wayne, IN 46803

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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462 E Suttenfield Street