707 E Paulding Rd

3,513 Sq. Ft.
$70 / Sq. Ft.
3,513
Sq. Ft.
$70
per Sq. Ft.

Description

13 mobile home lots of which 9 are rented and a 4-plex with zoning of CM4. 7 are rented for for $210/month + $34/month surcharge for water/sewer/trash and 2 are parked owned homes that is all inclusive(water/sewer/trash tenant still pays electricity and gas). 4-plex that rents for $1645/month. Over the last 3 years of ownership rents have been increased on the 4-plex without an increase for any of the mobile homes that are under market rents for the area. 3 trailers that currently are unrented and...13 mobile home lots of which 9 are rented and a 4-plex with zoning of CM4. 7 are rented for for $210/month + $34/month surcharge for water/sewer/trash and 2 are parked owned homes that is all inclusive(water/sewer/trash tenant still pays electricity and gas). 4-plex that rents for $1645/month. Over the last 3 years of ownership rents have been increased on the 4-plex without an increase for any of the mobile homes that are under market rents for the area. 3 trailers that currently are unrented and in disrepair are included in sale as well and could be pulled or fixed for addtional monthly income. Gross rents will be over $51k in 2021 with room for growth. Over $15k+ worth of upgrades have been done to park and 4-plex in last year and a half. Current NOI for 2021 would put this at over a 13 cap based YTD numbers.
  1. Listed by Adam Gerig • CENTURY 21 Bradley Realty, Inc

Property Details for 707 East Paulding Road

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING CLOSED: 01/07/2022 12:00 AM

Property Details for 707 East Paulding Road

StatusSold
MLS #202135621
Days on Market35
Taxes$1,560 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Other
Year Built1930
Lot Size0.31 AC / 13,504 SF
CountyAllen County

Location

Listing Courtesy of CENTURY 21 Bradley Realty, Inc

Sold By JM Realty Associates, Inc.

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Building Information for 707 East Paulding Road

Stories2Residences4Year Built1930Building Size-Lot Size0.31 AC / 13,504 SF

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Property Taxes

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Property Information for 707 East Paulding Road

Summary
Location and General Information
  • Area: Allen County
  • City: Fort Wayne
  • Zip + 4: 1289
  • Zip Code: 46816
  • State: IN
  • Township: Wayne
  • Fips Code: 18003
  • Directions To Property: Paulding at Decatur Rd.
Taxes and HOA
  • Assessed Value $: $71,300.00
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2020
  • Parcel Number Id: 02-12-24-381-012.000-074
School Information
  • School District: Fort Wayne Community
  • Elementary: Levan R. Scott Academy
  • Middle School: Miami
  • High School: Wayne
Parking
  • Number Of Parking Spaces: 4
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Other
  • Approx Lot Size Acres: 0.31
  • Lot Dimensions: 146 x 180
  • Below Grade Unfin Sqft: 1155.0
  • Total Square Feet: 4668.0
  • Approx Lot Size Sqft: 13504.0
  • Above Grade Finished Sqft: 2358.0
  • Below Grade Finished Sqft: 1155.0
  • Total Below Grade Sqft: 2310.0
  • Total Finished Sqft: 3513.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Corner
Property and Assessments
  • New Construction: No
  • Year Built: 1930
  • Age: 91
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 4
  • Number of Refrigerators: 4
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Basement: Yes
  • Basement/Foundation: Unfinished
  • Cooling: Window
  • Flooring: Mixed
  • Heating/Fuel: Conventional
  • Stories: 2
  • Number of Above Grade Bedrooms: 4
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 4
  • Total Number of Full Baths: 4
  • Total Number of Half Baths: 0
  • Total Baths: 4
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 4
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 4
  • Number of Units: 4
Income & Expenses Information
  • Annual Electric Expense: $111.00
  • Annual Fuel Expense: $114.00
  • Annual Gross Rent $: $51,936
  • Annual Insurance Expense: $4,000
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $45,422
  • Annual Property Tax: $1,560
  • Annual Trash Expense: $178
  • Annual Water/Sewer Exp: $551
  • Gross Monthly Income: $4,328
  • Gross Monthly Rent: $4,328
Rental
Rental Information
  • Lease Term: Renewal Options
  • Owner Pays: Building Insurance, Electric, Fuel, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Trash Collection, Water
  • Tenant Pays: Electric

Property History for 707 East Paulding Road

DateEvent & SourcePriceAppreciation
Jan 7, 2022

Sold

Indiana Regional MLS #202135621

$245,000
Sep 30, 2021

Pending

Indiana Regional MLS #202135621

Aug 26, 2021

Listed (Active)

Indiana Regional MLS #202135621

$265,900
DateEvent & SourcePrice
01/07/2022

Sold

Indiana Regional MLS #202135621

$245,000
09/30/2021

Pending

Indiana Regional MLS #202135621

08/26/2021

Listed (Active)

Indiana Regional MLS #202135621

$265,900

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

Public Records for 707 East Paulding Road

Taxable ValueLand$39,800Additions$109,100Total$148,900
Tax Record2025$4,880 ($407 / month)
Home Facts
Baths1Total Finished SqFt4,668 SqFtAbove Grade Finished SqFt4,668 SqFtStories2Lot Size135,036,000 SqFtStyleMobile / Manufactured HomeYear Built1930Year Renovated1930CountyALLENAPN02-12-24-381-012.000-074

Schools near 707 East Paulding Road

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 - 1 to 8
Rating
School
Distance
Levan R Scott Academy
PublicPK to 5

Miami Middle School
Public6 to 8

Wayne High School
Public9 to 12

Jeff High Towles Intermediate School
Public1 to 8

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CENTURY 21 Bradley Realty, Inc

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.