2722 Fairfield Ave Fort Wayne, IN 46807
- Commercial real estate
- 5,000 SF
Current Use by Public Records
- Center For Solution / Addiction Treatment Center
Property Details for 2722 Fairfield Ave
- Property size
- 5,000 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Wayne
- County
- Allen
- State
- Indiana
- Longitude
- -85.1455291
- Latitude
- 41.0598291
