For Sale
$425,000

2722 Fairfield Ave Fort Wayne, IN 46807

Fourplex, $425K, High Income Potential

Overview

Added:
Jan 24
Days on market:
93
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

FAQs

What type of property is this?
Hospitality property - Fourplex, $425K, High Income Potential
Where is the hospitality property located?
The property is located at 2722 Fairfield Ave Fort Wayne, IN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: $425,000 asking price.; Four-unit apartment building.; 5,000 square feet, two stories.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2722 Fairfield Ave
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