1203 Spring St, Fort Wayne, IN 46808

Property Description

Rare Side-by-Side Configuration: Unlike traditional up/down duplexes, this highly desirable layout offers tenants true single-family-style living with max privacy, complete with separate basements, individual entrances, and dedicated garage parking for each side. Immediate Rent Upside: Currently leased below market rate due to winter placement. Projected market rents for these fully updated units easily support $1,295 and $1,195/month once reset to peak market rates. Prime Location: Situated adjacent to the desirable North Highlands neighborhood and Hamilton Park, and just minutes from the University of Saint Francis. Capital Improvements & Updates Roof & Exterior: Brand-new roof on the structure, durable vinyl siding, and a fully divided, private 2-car garage providing designated covered parking for each unit. Interior Remodels: Complete top-to-bottom interior overhauls across both units. Kitchens: Modernized layout featuring new cabinetry, updated countertops, and sleek new appliances. Windows & Fixtures: Newer vinyl windows installed throughout for improved energy efficiency and curb appeal. Mechanicals & Systems: HVAC: Brand-new high-efficiency furnaces and central A/C units for both sides. Water Heaters: Both units feature updated water heaters (estimated 5–10 years old). Unit Breakdown 1203 (Right): Layout: 3 Bedrooms | 1 Full Bathroom Features: Generous living areas, private basement access for laundry/storage, full interior update, new kitchen, and dedicated 1-car garage bay. 1201 (Left): Layout: 2 Bedrooms | 1 Full Bathroom Features: Modernized open feel, private basement, new kitchen, and dedicated 1-car garage bay. Outdoor & Additional Features Fenced Side Yard: Fully enclosed side yard included with the property—a high-value amenity for tenants with pets or outdoor living preferences. Private Basements: Full, separate basements per unit offer extensive extra storage space and private laundry setups. A fully renovated, low-maintenance side-by-side duplex with clear rental upside in a high-demand location.