462 E Suttenfield Street, Fort Wayne, IN

$89,900

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4

Beds

2

Baths

1,685

Square feet

0.05

Acres

About 462 E Suttenfield Street

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.

Features of 462 E Suttenfield Street

MLS® # 202618627
Price $89,900
Bedrooms 4
Bathrooms 2.00
Full Baths 2
Square Footage 1,685
Acres 0.05
Year Built 1915
Type Multifamily
Sub-Type Duplex
Status Active

Community Information

Address 462 E Suttenfield Street
Subdivision Purman(s)
City Fort Wayne
County Allen County
State IN
Zip Code 46803

Amenities

Features Basement, Porch Open
Is Waterfront No
Has Pool No

Interior

Interior Carpet, Wood, Vinyl
Heating Gas, Forced Air
Cooling None
# of Stories 3
Stories Three Story
Has Basement Yes
Basement Crawl

Exterior

Exterior Wood
Lot Description Level
Construction No

School Information

District Fort Wayne Community
Elementary Fairfield
Middle Shawnee
High South Side

Additional Information

Days on Market 109
Foreclosure No
RE / Bank Owned No
HOA Fees Freq. Not Applicable

Listing Details

AgentJerry Starks
OfficeJM Realty Associates, Inc.
Contact InfoCell: 260-479-8161

Listing Map

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