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1011 Lake Avenue, Fort Wayne, IN 46805 Photo
1011 Lake Avenue, Fort Wayne, IN 46805 Photo

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$309,000
Status: Active
1011 Lake Avenue Fort Wayne, IN 46805
  • 4
    Bedrooms
  • 4
    Total Baths
  • 2,300
    Square Feet
  • 0.16
    Acres
  • 1905
    Year Built
  • HOA

Property Description

This fully occupied turnkey 4-Plex is the kind of investment opportunity that rarely hits the market. Generating an impressive $3,937.00 monthly gross income and $33,620.00 NET annual income after all expenses. It it assessed at over $321,400.00. Ideally positioned in the heart of the highly desirable 46805 district, you're just a short walk from Lakeside Park and only minutes from the energy, dining, and entertainment of downtown Fort Wayne. With a freshly painted exterior in 2024 and all units rehabbed prior to tenant occupancy featuring updated paint, carpet, and appliances as needed, this property offers the perfect blend of charm, stability, and cash flow. Well-maintained, income-producing, and aggressively priced for the value offered, this is a prime opportunity for both seasoned investors and buyers looking to expand their portfolio with confidence. Opportunities like this don't last long.

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Listed By / Shown By

Listed By

Broker Name: Trueblood Real Estate, LLC.
Broker Contact: Cell: 260-267-8220
Agent Name: Richard Rutledge

Shown By

Broker Title: Cressy & Everett Real Estate
Broker Phone:

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Property Features

MLS Number: 202617711
Subdivision: Lakeside Park
County: Allen
Bedrooms: 4
Total Square Feet: 2,300
Style: Fourplex
New Constuction: No
Construction: Wood
Waterfront: No
Property Type: Multi Unit - Multiple
Basement: Full Basement, Unfinished
Basement: Yes
Cooling: Window
Heating: Gas, Forced Air
Lot Size: 0.16 Acres
Stories: 2.0
Year Built: 1905

Feature Descriptions

Above Grade Finished SQFT: 2300
Amenities: Basement
Days on CressyEverett.com: 3
Exterior: Wood
Home Style: Fourplex
Lot: Level
Lot Dimensions: 45X150
Owner Pays: Fuel, Water
Sale Inclusions: Building, Land, Lease
Sewer: City
Tenant Pays: Electric
Total Finished SQFT: 2300
Units: 4
Water: City

Location

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Estimated Payment

$ 1,620.23 per month $1,530.10 Principal & Interest $0.00 Property Tax (data not provided by mls) $90.13 Homeowner's Insurance

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