Sold
Last Sold Price
3 beds1,716 sqft$93/sqft
519 Riverside Ave, Fort Wayne, IN 46805
Multi FamilyProperty Type
6,674 sq ftLot Size
1930Year Built
$93/sq ftPrice per sq ft
2 carsParking Spaces

Description

This fully-renovated duplex presents a great opportunity for investors seeking an income-producing property, boasting two well-maintained units. A full cosmetic renovation in 2021 ensures turnkey condition for both units. Unit 1 is a spacious 2-bedroom, 1-bathroom unit, featuring modern vinyl plank flooring, fresh paint, upgraded appliances, and updated laundry hookups for added convenience. Unit 2 is a charming studio unit offering a comfortable living space with 1 bathroom, also featuring vinyl...This fully-renovated duplex presents a great opportunity for investors seeking an income-producing property, boasting two well-maintained units. A full cosmetic renovation in 2021 ensures turnkey condition for both units. Unit 1 is a spacious 2-bedroom, 1-bathroom unit, featuring modern vinyl plank flooring, fresh paint, upgraded appliances, and updated laundry hookups for added convenience. Unit 2 is a charming studio unit offering a comfortable living space with 1 bathroom, also featuring vinyl plank flooring and fresh paint plus electric baseboard heating installed in 2021. Off-street parking is available for both units. Separate electric meters allow for individual tenant billing, while the owner covers water/trash and lawn care. The location is ideal, just minutes from downtown Fort Wayne (5 minutes) and Electric Works (10 minutes) plus easy access to nearby parks and walking trails. 3D Tour: https://arthomephoto.aryeo.com/sites/dlbklqj/unbranded
  • Listed by: Jordan Wildman • eXp Realty, LLC
Listing closed: 05/31/2024 12:00 AM • Source: Indiana Regional MLS, MLS#: 202417386

Location

Listing Courtesy of eXp Realty, LLC

Sold By Espinoza Realtors

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Principal and Interest

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Property Taxes

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Property Information for 519 Riverside Avenue

Property Details
  • Taxes: $2,801 / year
  • MLS Type: Multi Family / Duplex
  • County: Allen County
  • Style: Two Story
  • Subdivision: H J Rudisills
  • Waterfront: No
  • Pet Restrictions: No
Building Information
  • Stories: 2
  • Residences: 2
  • Year Built: 1930
  • Lot Size: 0.15 AC / 6,674 SF
Summary
Location and General Information
  • Area: Allen County
  • City: Fort Wayne
  • Zip + 4: 4109
  • Zip Code: 46805
  • State: IN
  • Township: Wayne
  • Geo Latitude: 41
  • Geo Longitude: -85
  • Fips Code: 18003
  • Directions To Property: Enter address into Google Maps.
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 02-07-36-353-029.000-074
School Information
  • School District: Fort Wayne Community
  • Elementary: Forest Park
  • Middle School: Lakeside
  • High School: North Side
Parking
  • Number Of Parking Spaces: 2
  • Parking: Off Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Duplex
  • Approx Lot Size Acres: 0.15
  • Lot Dimensions: 47X142
  • Lot Number: 4
  • Below Grade Unfin Sqft: 616.0
  • Total Square Feet: 2332.0
  • Approx Lot Size Sqft: 6674.0
  • Above Grade Finished Sqft: 1716.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 616.0
  • Total Finished Sqft: 1716.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Outbuilding Length: 9.0
  • Outbuilding Sqft: 72
  • Outbuilding Width: 8.0
Property and Assessments
  • New Construction: No
  • Year Built: 1930
  • Age: 94
  • Documents Available: Floor Plan, LBP Form, Lease, Sellers Disclosure
  • Planned Unit Development: No
Utilities
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Sewer: City
  • Water Company: Fort Wayne City Utilities
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Ceiling Fan, Off Street Parking, Near Walking Trail, Countertops-Laminate, Eat-In Kitchen, Porch Covered, Water Heater Gas
  • Exterior: Other
  • Fence: None
  • Outbuilding: Garden Shed
  • Platted: Yes
  • Pool: No
  • Roof Material: Asphalt
Interior Features
  • Number of Electric Meters: 2
  • Number of Gas Meters: 1
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 2
  • Number of Refrigerators: 2
  • Number of W/D Hookups: 1
  • Number of Washers: 0
  • Number Water Meters: 1
  • Basement: Yes
  • Basement/Foundation: Partial Basement, Unfinished
  • Cooling: None
  • Flooring: Vinyl
  • Heating/Fuel: Gas, Baseboard, Forced Air
  • HVAC: Ceiling Fan
  • Stories: 2
  • Number of Above Grade Bedrooms: 3
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 3
  • Total Number of Full Baths: 2
  • Total Number of Half Baths: 0
  • Total Baths: 2
  • Number Total Rooms Below Grade: 1
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 1
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 1
  • Num of Units Rented: 2
  • Number of Units: 2
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $21,600
  • Annual Insurance Expense: $600
  • Annual Maint. Expense: $600
  • Annual Misc: $0
  • Annual Net Income: $16,999
  • Annual Property Tax: $2,801
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $600
  • Gross Monthly Income: $1,800
  • Gross Monthly Rent: $1,800
Unit Information
Unit 1
  • Unit 1 SqFt: 953
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Num of Rooms: 5
  • Unit 1-Basement: Yes
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $1,500.00
  • Unit 1-Electric: Tenant
  • Unit 1-Garage Type: None
  • Unit 1-Garage: No
  • Unit 1-Garage/Num of Cars: 0
  • Unit 1-Gas: Tenant
  • Unit 1-Laundry Room: Closet
  • Unit 1-Lease Exp Date: 07-10-2024
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $1,100
Unit 2
  • Unit 2 SqFt: 512
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Num of Rooms: 3
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $950.00
  • Unit 2-Electric: Tenant
  • Unit 2-Garage Type: None
  • Unit 2-Garage: No
  • Unit 2-Garage/Num of Cars: 0
  • Unit 2-Gas: None
  • Unit 2-Laundry Room: None
  • Unit 2-Lease Exp Date: 08-31-2024
  • Unit 2-Level: Upper
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $700
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Trash Collection, Water
  • Tenant Pays: Electric, Fuel, Snow Removal

Property History for 519 Riverside Avenue

DateEvent & SourcePriceAppreciation
May 31, 2024

Sold

Indiana Regional MLS #202417386

$160,000
May 31, 2024

Pending

Indiana Regional MLS #202417386

May 29, 2024

Sold (Public Record)

Public Record #1534791544

$160,000

+26.6% / yr

DateEvent & SourcePrice
05/31/2024

Sold

Indiana Regional MLS #202417386

$160,000
05/31/2024

Pending

Indiana Regional MLS #202417386

05/29/2024

Sold (Public Record)

Public Record #1534791544

$160,000

+26.6% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 519 Riverside Avenue

Taxable ValueLand$35,800Additions$151,600Total$187,400
Tax Record2025$5,622 ($468 / month)
Home Facts
Baths2Total Finished SqFt1,716 SqFtAbove Grade Finished SqFt1,716 SqFtStories1Lot Size6,674 SqFtStyleDuplexYear Built1930Year Renovated1975CountyALLENAPN02-07-36-353-029.000-074

Schools near 519 Riverside Avenue

This home is within Fort Wayne Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Forest Park Elementary School
PublicPK to 5

Lakeside Middle School
Public6 to 8

North Side High School
Public9 to 12

Anthis Career Center
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of eXp Realty, LLC

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.