4 multi-unit rental properties in Fort Wayne

INVESTMENT OPPORTUNITY | $1,025+ PER MONTH INCOME | SEPARATE ELECTRICAL UTILITIES

Multiple Auction Locations (4)

Thursday, December 13th, 2018 @ 4:00 pm

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4 multi-unit rental properties in Fort Wayne

Don’t miss this opportunity of a lifetime. 4 spectacular rental units available for auction. These rental units generate great cash flow with little effort. Join us auction day for your chance at owning one of these beautiful properties.

Real Estate Sells @
1034 Rivermet Ave:
4:00PM
1018 Dearborn St.: 4:30PM
937 Lake Ave: 5:00PM
1019 Lake Ave: 5:30PM

INVESTMENT OPPORTUNITY | $1,025+ PER MONTH INCOME | SEPARATE ELECTRICAL UTILITIES 

Property Features

  • 1034 RIVERMET AVE:

    • 5 Unit rental property
    • $1,995 Per month income
    • Separate electrical utilities
    • 2,955 Bldg Sq Ft
    • Built:1905

  • 1018 DEARBORN ST:

    • 4 Unit rental property
    • $1,025 Per month income
    • Separate electrical utilities
    • 1,384 Bldg Sq Ft
    • Built:1900

  • 937 LAKE AVE:

    • 4 Unit rental property
    • $1,705 Per month income
    • Separate electrical utilities
    • 2,413 Bldg Sq Ft
    • Built:1905

  • 1019 LAKE AVE:

    • 4 Unit rental property
    • $1,660 Per month income
    • Separate electrical utilities
    • 2,632 Bldg Sq Ft
    • Built:1880

Personal Property

  • 1019 Lake Ave:

    Drill press, bottle jacks, Craftsman generator, Portable generators, Magna Force 30Gal. Air compressor, Antique lathe, Also selling tools, misc. personal property after real estate.

Real Estate Terms

Buyer Brokers welcome (contact auctioneer for details). $6,500 down day of auction on each individual 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 subject to confirmation of the personal representative. 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). The information stated in this brochure are the opinions of the sellers, Scheerer McCulloch Auctioneers, Inc. and its agents, however, the decision to bid on the real estate property is entirely up to the individual bidders based on their own individual inspections, research and opinions. All statements, measurements, zoning and tax information are from reliable sources, however, are not guaranteed to be accurate. Statements made day of auction takes precedence over any and all previous oral or written matter. Real estate closing within 35 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.