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Map

Directions

From Spy run Ave, right on Tennessee, left on St Joe

Description

In the market for your next income-generating property? Check out this charming 1951 original brick 5-unit apartment building, newly renovated and located near downtown Fort Wayne, right along the scenic St. Joe River. This property features modern updates throughout, with each unit offering front and back entrances for added convenience. Four of the five units are currently occupied, so you’ll enjoy immediate income potential. The seller has taken great care of this property, with a roof replacement in 2022 and resolving and paying for all prior code violations. There’s also a detached garage with four private bays, perfect for additional rental income. Sitting on half an acre, this property provides room for expansion. With completed surveys, CAD plans, and engineering quotes provided by the seller, you’re ready to add eight more units to maximize its earning potential. Don’t miss this opportunity to own a property that’s ready to generate income from day one—with even more potential for the future!

Details

  • Property Details

  • MLS #:
    202447689
  • Price
    $550,000
  • Bedrooms
    10
  • Baths Total
    5
  • Full Baths
    5
  • Half Baths
    0
  • Approx. Lot Size Acres
    0.42
  • Approx. Lot Size SqFt
    18,331
  • Class
    Investment
  • DOM
    23
  • Lot Dimensions
    110x193
  • New Construction
    No
  • Parcel ID#
    02-07-36-381-001.000-074
  • Property Sub-Type
    Sixplex
  • State
    IN
  • Style
    Two Story
  • Subdivision
    None
  • Total Finished SqFt
    4,550
  • Total SqFt
    5,450
  • Year Built
    1951
  • Zip
    46805-4282

  • Interior Features

  • Below Grade Finished SqFt
    950

  • Other Features

  • Pool Y/N
    No
  • Water Type
    River
  • Waterfront Y/N
    No

Last updated: January 15 2025, 2:04 AM

Listing courtesy of: Jerry Starks, JM Realty Associates, Inc.

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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