2 Bedroom 1 Bathroom Income Property

Sells Regardless of Price! | Fenced Backyard | Detached Garage | Close to Downtown Amenities

1337 Fay Drive Fort Wayne, IN 46807

Wednesday, November 6th, 2019 @ 5:30 pm

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2 Bedroom 1 Bathroom Income Property 
Sells Regardless of Price! | Fenced Backyard | Detached Garage | Close to Downtown Amenities

Great income opportunity in the 07, just off Broadway, close to breweries, The Clyde Theater, Downtown, and the River Greenway. Built in 1940, this 672 square foot, 2-bedroom 1 bath ranch home on a crawl with a large 1.5 car detached garage and fenced in back yard.

Directions: Southwest Ft. Wayne, just off Broadway at the Philmore, turn west on Huestis, south on Eva.  Fay is just one block long ending at Thompson Ave.

Open Houses:
Monday Oct.28th and Nov. 4th
5 to 6:30PM

Property Features

  • Kitchen:

    18x15 and 4x8, Vinyl flooring, wood cabinets, newer countertops, washer and dryer(included). Separate furnace room, 4x5 with newer 80% efficient gas forced furnace and 1-year old gas hot water heater.

  • Living Room:

    12x18, Original hardwood floors, wood paneling.

  • Bathroom:

    12x18, Original hardwood floors, wood paneling.

  • Bedroom 1:

    12x15 Original hardwood floors, window a/c.

  • Bedroom 2:

    10x12, Original wood floors, window a/c.

  • Detached Large 1.5 Car Garage:

    21x18, newer 1 car overhead automatic door, built-in shelves, automatic door opener and door from back yard.

  • Exterior Detail:

    Aluminum and stone veneer siding, newer replacement windows and doors, newer concrete sidewalks and fenced back yard, off street parking in driveway. Covered 4x8 back porch. T-lock asphalt shingles.
    Shade trees, burn pit, chain link fence. Nice concrete, sidewalks.

  • More Info:

    Zoned R1, Ft. Wayne Community Schools
    Rent history: $500 month. Subject to tenant rights through 1-31-20
    Taxes: 2018 pay 2019 $939.36 with no exemptions.
    Appliances: All stay with the home.

Real Estate Terms

Buyer Brokers welcome (contact auctioneer for details).  $6,500 down day of auction, 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).  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 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.