Price
$ 250,000

4850 STELLHORN Road, Fort Wayne, IN 46815  
  • 1 beds
  • 1 baths
  • 1,080 sqft

4850 STELLHORN Road, Fort Wayne, IN 46815  

THIS PROPERTY IS FOR THE PERSON or INVESTOR WHO HAS THE VISION of what THIS PROPERTY COULD POSSIBILITY BE WORTH WITHIN AN ESTIMATED 24 month. This property may be worth as much as $350,000.00 or more if this property can become zoned commercial. There are gas stations 1/2 mile East & West of location. Makes sense that this Stellhorn location could become Commercial before other streets in area. This property is .92 acres but could be divided up to 3 individual lots now. City Planing may allow zoning for a DUPLEX,TRIPLEX, or a 4-Plex. ALSO! this property now has a 1 bedroom, 1 full bath, 1 large laundry room, living room with fireplace, sun room & basement. Main floor is 1080 sq.ft. Home had been vacant for 3 years and needed work. House is built solid and roof is in excellent condition. Property is presently being gutted all flooring and installing new sub flooring & wood laminated floor. Completely replacing furnace and installing AC. Replacing windows, and painting all rooms. Redoing kitchen & and garage floor. There is an average of approx. 27,000 vehicles passing this corner lot each day and located at an intersection with street lights. Also! has entrances off Reed Rd. & Stellhorn Rd. This property could be subdivided into 3 individual lots. It is now one lot of .92 acres, or possible could have a Duplex, Triplex, or a 4-plex. There are 1 gas station 1/2 mile each direct from property on Stellhorn Rd. Meaning this property could possibility be a CM1 commercial property within 24 months. Property then will be worth an estimated MIN. of $350,000.00. YOU may ask why present owner doesn't hold the property. WELL THEY COULD HOWEVER! owners are over 75 yrs. old and wife is not in best of health and may need an assisted living home. Also! family and grand children are grown and only 1 still lives in Fort Wayne. Owner had planned to attach another home to the present and use for a

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Listing Type
Single Family
Listing ID
201701521
Bedrooms
1
Bathrooms
1
House Size
1,080
Lot Size
0.92 acres
Listing Status
Active
Year Built
1959
County
Allen
Full Bath
1
Subdivision
Guy R Bells
Floors
1
Units
1
County School District
Fort Wayne Community
School District 1
Glenwood
School District 2
Lane
School District 3
Snider
Zoning
RI
Taxes
1300.0
TaxID
02-08-28-101-001.000-072
TaxYear
2017
Listing courtesy of Robert Bastian~RCB Realty LLC
Price History
Get price alerts on price change
Date Event Change Price
1/22/2017 Price change $51,000 (25.6%) $250,000
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX RESULTS
    8101 Coldwater Road Fort Wayne, IN 46825 | Phone: (260) 490-1590
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.