Property summary
This attractive two-story, 5,000 square foot apartment building in Fort Wayne, Indiana, presents a compelling investment opportunity. Located at 2722 Fairfield Ave, 46807, this four-unit property boasts a strong rental history, currently generating $4,400 in monthly income. The building comprises two three-bedroom units and two two-bedroom units, each with a single bathroom. One unit is wheelchair accessible, enhancing its appeal to a wider tenant pool. The property features a long driveway and ample parking, providing convenient access for residents. Recent upgrades include exterior painting, a new heating system, and a new hot water heater, minimizing immediate maintenance needs. The building's history as a group home offers potential for conversion back to a single-family facility, providing flexibility for future use. Situated in Allen County, this property benefits from a desirable location and strong rental demand, making it an ideal addition to any investment portfolio. The asking price is $425,000. This is a turnkey opportunity with immediate cash flow.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
Location
Value estimations
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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