For Sale
$425,000

2722 Fairfield AveFort Wayne, IN 46807

Fourplex, $425K, High Income Potential

Overview

Added:
Jan 24
Days on market:
71
This attractive two-story, 5,000 square foot apartment building in Fort Wayne, Indiana, presents a compelling investment opportunity. Located at 2722 Fairfield Ave, 46807, this four-unit property boasts a strong rental history, currently generating $4,400 in monthly income. The building comprises two three-bedroom units and two two-bedroom units, each with a single bathroom. One unit is wheelchair accessible, enhancing its appeal to a wider tenant pool. The property features a long driveway and ample parking, providing convenient access for residents. Recent upgrades include exterior painting, a new heating system, and a new hot water heater, minimizing immediate maintenance needs. The building's history as a group home offers potential for conversion back to a single-family facility, providing flexibility for future use. Situated in Allen County, this property benefits from a desirable location and strong rental demand, making it an ideal addition to any investment portfolio. The asking price is $425,000. This is a turnkey opportunity with immediate cash flow.

Highlights

  • $425,000 asking price.
  • Four-unit apartment building.
  • 5,000 square feet, two stories.
  • Generating $4,400 monthly rent.
  • Features two three-bedroom/one-bathroom units and two two-bedroom/one-bathroom units; one unit is wheelchair accessible.
  • Includes a long driveway and large parking lot.

Property Details for 2722 Fairfield Ave

Property type
Hospitality properties, Apartment buildings
Square Feet
5,000 SF
Stories
2
Units
4

Location Insight

City
Fort Wayne
County
Allen
State
Indiana
Latitude
41.0598291
Longitude
-85.1455291
2722 Fairfield Ave, Fort Wayne, Indiana

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2722 Fairfield Ave
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