$285,000
$300,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
1,700 SqFt
SOLD DATE : 04/25/2024
Key Details
Sold Price $285,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,700 sqft
Subdivision Lake Side / Lakeside
MLS Listing ID 202401529
Sold Date 04/25/24
Style One and Half Story
Bedrooms 5
Full Baths 4
Abv Grd Liv Area 1,700
Total Fin. Sqft 1700
Year Built 1976
Annual Tax Amount $699
Tax Year 2023
Lot Size 6,969 Sqft
Property Sub-Type Fourplex
Property Description
Four-Plex Investment Opportunity in Fort Wayne! Discover the epitome of hassle-free real estate investment with this unique four-plex property nestled in the heart of Fort Wayne. Boasting a lucrative portfolio of short-term and mid-term rentals exclusively on Airbnb, this income-generating gem offers a turnkey solution for savvy investors. Limited Showings - Let the Photos Speak: Due to the continuous stream of bookings, showings are limited. Please rely on photos and Airbnb listings for interior views. Strategic Booking Window for Showings: While all four units enjoy high demand, we understand the importance of on-site viewings. Select days between reservations are available for showings. For detailed availability, please inquire, and we'll gladly accommodate your schedule. Diverse Living Spaces: Experience variety with two studio apartments, a one-bedroom retreat, and a spacious two-bedroom haven. The rental history reflects an impressive monthly average of $700-$916 per door over the last 12 months, after management and cleaning fees. Upgraded Features and Smart Technology: This property is not just about aesthetics; it's about smart living. A new roof (2022), fresh gutters (2023), and the removal of a second-story porch enhance both functionality and curb appeal. Embrace modern living with a smart thermostat and three temperature sensors, ensuring optimal comfort in every unit. Fully Furnished - From Essentials to Extras: Invest with confidence in this turnkey property where each unit is fully furnished, right down to the salt and pepper shakers. The price reflects an As-Is turnkey income property, inclusive of furniture and appliances. The current management is ready to seamlessly continue operations if desired. Prime Location for Enjoyment and Convenience: Situated between the River Greenway, Wells Street Corridor, and downtown, this property is a haven for both tenants and guests. Take advantage of the miles of nearby trail systems, perfect for biking enthusiasts. Abundant off-street parking ensures hassle-free experiences for all. Flexible Investment - Regular Rental or Airbnb Delight: Explore the flexibility of this investment. The property can easily be converted back to regular annual rentals by removing furniture, etc.
Location
State IN
County Allen County
Area Allen County
Direction From downtown, take Columbia Ave to the property.
Rooms
Dining Room 0
Interior
Flooring Mixed
Appliance Building, Land
Laundry , 4
Exterior
Garage Spaces 1.0
Amenities Available Basement, Ceiling Fan, Off Street Parking
Total Parking Spaces 4
Building
Lot Description Level
Story 2
Structure Type Other
New Construction No
Schools
Elementary Schools Forest Park
Middle Schools Lakeside
High Schools North Side
School District Fort Wayne Community
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IDX information provided by the Indiana Regional MLS
Bought with Lyla Moody • American Dream Team Real Estate Brokers