2 Income Properties in North Central Fort Wayne

Sells Absolute No Reserve | 2 Excellent Rental Properties | 618 Tennessee Ave: 2BR 2BA | 428 Nussbaum: 3BR 1BA

Multiple Auction Locations (2)

Tuesday, October 1st, 2019 @ 5:30 pm

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2 Income Properties in North Central Fort Wayne 
Sells Absolute No Reserve | 2 Excellent Rental Properties | 618 Tennessee Ave: 2BR 2BA | 428 Nussbaum: 3BR 1BA 
2 Great income opportunities, close to Northside High School, Downtown, Old Fort, River Greenway, Headwaters and Promenade Parks.
Open Houses:
Monday September 16th & 30th
5 to 6:30pm

Property Features

  • 618 Tennessee Ave

    Built in 1950, this 725 square foot, 2-bedroom 2 bath ranch home on a slab with a large 1 car detached garage and fenced in back yard.

  • Kitchen

    13x10, Vinyl flooring, wood cabinets, newer countertops with eat-at peninsula and open stair well to finished basement. Side by side refrigerator and gas stove sell with the home.

  • Living Room

    14x16, Original hardwood floors and ceiling light.

  • Bathroom

    7x5, Vinyl tile floor, newer shower tub combo, exhaust fan.

  • 1st Bedroom

    11x12, Original hardwood floors, lighted.

  • 2nd Bedroom

    9x11, Original wood floors, lighted.

  • Basement

    27x11, Paneled, built-in shelves, new engineered vinyl flooring, tiled ceiling.

  • Laundry Utility Room:

    12x14, Washer and gas dryer hook ups, sump pump, newer high efficiency gas HVAC, newer gas water heater. Washer, gas dryer and new dehumidifier all sell with the home.

  • 2nd Full Bath

    5x7, Toilet, vanity and new shower stall.

  • Office/Den

    8x9, paneled, built-in cabinets, 2 closets, new engineered vinyl flooring.

  • Detached Large 1-Car Garage

    22x16, newer 1 car 10’wide by 6.5’ tall overhead automatic door, built-in shelves, automatic door opener and door from back yard.

  • Exterior Details

    Vinyl siding, newer replacement windows and doors, newer concrete sidewalks and curbs fenced back yard, off street parking for 2 cars from alley gravel driveway. Large shade trees. Covered 4x6 back porch

    Shade trees, chain link fence with front and rear gates. Newer concrete, sidewalks, curbs and street, high security screen door.

  • Other Info

    Taxes: 2018 pay 2019 $939.36 with no exemptions.

    Rent history: $700/month. Subject to tenant rights through 10-31-19

  • 428 Nussbaum Ave

    Built in 1950, this 1,107 square foot, 3-bedroom 1 bath ranch home on a slab with a 2 car detached garage and fenced in back yard.

  • Kitchen

    14x10, 6x8 Engineered wood flooring, wood cabinets, newer countertops, Washer and electric dryer hook ups

  • Dining Room

    11x12, Carpeting, 2 bi-fold storage closet doors, newer gas water heater and pull down steps to floored walkable storage attic and gas force central heat. 25K BTU wall AC.

  • Living Room

    12x15, Carpeting and lighted ceiling fan.

  • Foyer

    6x7, tiled floor.

  • Bathroom

    12x5, Ceramic tile floor, shower tub combo, exhaust fan.

  • 1st Bedroom

    10x10, Carpeted, window AC, lighted.

  • 2nd Bedroom

    10x12, Original wood floors, lighted.

  • 3rd Bedroom

    10x13, Carpet, paneling, lighted, miniblinds.

  • Detached 2-Car Garage

    24x24, 1 newer car overhead automatic door, lots of built-in shelves and work benches, automatic door opener with outside keypad and door from back yard. Separate electrical meter to 30amp box.

  • Exterior Detail

    Vinyl siding, newer concrete sidewalks and curbs fenced back yard, off street parking for 2 cars from alley concrete driveway. Large shade trees. Covered 5x11 back porch. New 100-amp circuit breaker box.

    Shade trees, burn pit, chain link fence with front and rear gates. Newer concrete, sidewalks, curbs and street, high security screen door.

  • Other Info:

    Zoned R1, Ft. Wayne Community Schools

    Taxes: 2018 pay 2019 $1,490.56 with no exemptions.

    Rent history: $750 month, currently vacant ready for occupancy!

Personal Property

  • 428 Nussbaum Ave

  • Appliances

    Fridge, Electric Stove, Washer, Electric Dryer

  • MISC. ITEMS:

    Aluminum ladders, remodeling supplies, Microwaves,
    4,000 W portable gas generator, Zoned, Air Conditioner,
    Custom car wheels, Furniture, new lighting in box, Leaf blowers.

Real Estate Terms

Buyer Brokers welcome (contact auctioneer for details). $6,500 down day of auction for each property, balance on closing. Buyer(s) to pay winning accepted bid price plus a 2.5% buyers premium (2.5% of winning bid) due at closing. Property sold absolute, no reserve, sells regardless of price. Property sold as-is, where-is. Property sold for cash. (The sale of this property may be financed; however, the sale of this property IS NOT CONTINGENT to financing approval). Real estate closing within 30 days of auction. *Real estate taxes: Real estate tax information stated indicates what the current owner is required to pay and is merely a guideline (the new buyer’s real estate taxes may or may not be the same as what the current owners is required to pay). Real estate taxes prorated to date of closing. 

Personal Property Terms

10% buyers premium on all items. Cash, MC/VISA. All items sold as-is. Statements made day of sale take precedence over printed matter. All sales are final. Not responsible for accidents.