$289,900
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.
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MLS # | 202425822 |
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Date Listed | 2024-07-12 |
Status | Active |
Property Type | Investment |
Property SubType | Fiveplex |
Square Feet | 3034 sqft |
New Construction | No |
Style | Other |
Type | Fiveplex |
Basement | Yes |
Bedrooms | 5 |
Bathrooms | 5 |
Annual Taxes | $2,300.00 |
Year Taxes Payable | 2024 |
Year Built | 1900 |
Virtual Tour | propertypanorama.com » |
Days on Market | 164 |
Family Room | 595 × 600 | Level |
Kitchen | 665 × 645 | Level |
4th Bedroom | 1 × 1 | Level |
5th Bedroom | 5 × 5 | Level |
Full Baths | 5 Main |
Construction | Fiveplex |
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Lot Size | 11,954 sq ft |
Acreage | 0.27 Acres |
Lot Dimensions | 86X139 |
Fence | None |
Area | Allen County |
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County | Allen |
Subdivision | Wayne Heights |
Township | Wayne |
City | Fort Wayne |
State | IN |
Zip | 46808 |
School District | Fort Wayne Community |
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Elementary | Washington |
Middle School | Portage |
High School | Wayne |
Assoc. Dues | $0.00 Not Applicable |
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MLS# 202425822
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.
Listing Provided Courtesy of Jordan Wildman
eXp Realty, LLC
Home: 260-498-0384
Listing updated December 3, 2024 at 1:00 pm
Last checked 11 minutes ago