1011 Lake Ave, Fort Wayne, IN 46805-4398
- $309,000
- 4
- BD
- 4
- BA
- 2,300
- SqFt
Listing courtesy of Richard Rutledge from Trueblood Real Estate, LLC.. Cell: 260-267-8220
- List Price
- $309,000
- Status
- PENDING
- MLS#
- 202617711
- Year Built
- 1905
- Days On Market
- Unknown
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 2,300
- Township
- Wayne
- Subdivision
- Lakeside Park
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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Additional Information
- Acres
- 0.16
- Taxes
- $7,341
- Lot Features
- Level
- Water
- City
- Heating
- Natural Gas, Forced Air
- Cooling
- Window/Wall
- Flooring
- Carpet, Vinyl
- School District
- Fort Wayne Community
- Elementary School
- Forest Park
- Middle School
- Lakeside
- High School
- North Side
- Agent Name
- Richard Rutledge
Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. 