2904 Wayne Trce Fort Wayne, IN 46806
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 2904 Wayne Trce
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of seven single-family rental properties located in Fort Wayne, Indiana, currently operating at 50% occupancy. The portfolio includes seven buildings, each individually addressable. Three properties are already leased to long-term tenants at 3417 Plaza Drive (2 bedrooms, 1 bath), 3124 Reed Street (3 bedrooms, 1 bath), and 1013 3rd Street (3 bedrooms, 1 bath). The remaining four properties, located at 2904 Wayne Trace (3 bedrooms, 1 bath), 2908 Reed Street (3 bedrooms, 1 bath), 2225 New Haven Avenue, and 2901 Wayne Trace, offer significant potential for increased revenue with minimal updates to achieve full occupancy. Additionally, the portfolio includes a storage building at 2225 New Haven Avenue, which has CM3 zoning, allowing for potential conversion into a one-bedroom unit or use as a car lot. The property at 2901 Wayne Trace is also zoned for car lot use. This portfolio presents a compelling opportunity for investors seeking immediate cash flow and significant upside potential in a strong rental market. The asking price for this multifamily investment is $550,000. All properties are located within Allen County, Indiana, zip code 46806.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Wayne
- County
- Allen
- State
- Indiana
- Longitude
- -85.0987881
- Latitude
- 41.0597449
