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Description

This well-maintained 5-plex in Fort Wayne offers a compelling opportunity for investors seeking consistent income and long-term value. Featuring five one-bedroom, one-bathroom units, this property offers a well-balanced layout for strong rental demand. Currently, the owner covers all utilities. However, the potential for increased income exists by implementing RUBS. This prime location caters to a variety of tenant preferences, reflected in the property’s historical gross rent of $3,050 per month. The property boasts a coveted location close to the downtown core, ensuring convenient access to amenities, while also being just minutes from Promenade Park and the beautiful Lindenwood Nature Preserve. With its strong rental demand, potential for appreciation, and access to both urban excitement and natural beauty, this 5-plex positions you for success in a growing market.

Details

  • Property Details

  • MLS #:
    202425822
  • Price
    $294,900
  • Bedrooms
    5
  • Baths Total
    5
  • Full Baths
    5
  • Half Baths
    0
  • Approx. Lot Size Acres
    0.27
  • Approx. Lot Size SqFt
    11,954
  • Class
    Investment
  • DOM
    6
  • Lot Dimensions
    86X139
  • New Construction
    No
  • Parcel ID#
    02-12-03-252-022.000-074
  • Property Sub-Type
    Fiveplex
  • State
    IN
  • Style
    Other
  • Subdivision
    Wayne Heights
  • Total Finished SqFt
    3,034
  • Total SqFt
    3,034
  • Year Built
    1900
  • Zip
    46808-3419
  • Interior Features

  • Below Grade Finished SqFt
    0
  • Other Features

  • Pool Y/N
    No
  • Waterfront Y/N
    No

Last updated: July 26 2024, 7:43 PM

Listing courtesy of: Jordan Wildman, eXp Realty, LLC

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

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