9720 Bluffton Rd Fort Wayne, IN 46809
This versatile Fort Wayne property presents a unique investment opportunity. Situated on a sizable 1.23-acre lot (potentially divisible), this property currently operates as a two-unit duplex with 2,200 square feet of net rentable space. Built in 1954, the two-story building has undergone significant renovations in 2020, 2021, and 2022. The property boasts a 50% occupancy rate and offers three parking spaces per unit. The zoning is I2, allowing for a multitude of uses. The 0.5-acre lot north of the duplex is available for separate sale, presenting further development potential. City water and sewer are readily available. The 9-foot ceiling height in the existing structure adds to its adaptability. This property is ideal for owner-users seeking a blend of residential and commercial potential, or for developers looking to capitalize on the flexible zoning and large lot size. The seller is open to negotiating price, lot size, and investment options, making this a highly attractive proposition for a variety of buyers. The property is located at 9720 Bluffton Rd, Fort Wayne, IN 46809.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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