$550,000
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, 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, 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!
From Spy run Ave, right on Tennessee, left on St Joe
MLS # | 202447689 |
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Date Listed | 2024-12-19 |
Status | Active |
Property Type | Investment |
Property SubType | Sixplex |
Finished Square Feet | 4550 sqft |
Total Square Feet | 5450 sqft |
New Construction | No |
Style | Two Story |
Type | Sixplex |
Basement | Yes |
Bedrooms | 10 |
Bathrooms | 5 |
Annual Taxes | $4,447.00 |
Year Taxes Payable | 2024 |
Year Built | 1951 |
Virtual Tour | propertypanorama.com » |
Days on Market | 3 |
Living Room | 5 × 0 | Level |
Family Room | 1043 × 950 | Level |
Kitchen | 895 × 1100 | Level |
5th Bedroom | 5 × 5 | Level |
Extra Room | 2 × 2 | Level |
Full Baths | 8 Main, 7 Upper |
Half Baths | 2 Main, 1 Upper |
Construction | Sixplex |
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Lot Size | 18,331 sq ft |
Acreage | 0.42 Acres |
Lot Dimensions | 110x193 |
Fence | None |
Area | Allen County |
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County | Allen |
Subdivision | None |
Township | Wayne |
City | Fort Wayne |
State | IN |
Zip | 46805 |
School District | Fort Wayne Community |
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Elementary | Franke Park |
Middle School | Lakeside |
High School | North Side |
Assoc. Dues | $0.00 Not Applicable |
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Assoc. Restrictions | No |
MLS# 202447689
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 Cheyenne Moss
JM Realty Associates, Inc.
Cell: 260-797-4851
Listing updated December 20, 2024 at 6:30 pm
Last checked 10 minutes ago