1414 Reckeweg RdFort Wayne, IN 46804

Property Details for 1414 Reckeweg Rd

Year built

1961

Construction

WOOD

Lot size

0.42 AC

Property size (Sq ft)

2,240 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

02-12-08-105-008.000-074

APU

21208105008000074

Description

This exceptional 10-unit apartment building presents a compelling investment opportunity in the thriving southwest Fort Wayne area. Priced at $1,040,000, this property boasts a strong 6.64% cap rate and a substantial net operating income (NOI) of $69,045, reflecting a 100% occupancy rate. The complex comprises two one-story buildings totaling 7,224 square feet situated on a 1.19-acre lot at 1414 Reckeweg Rd, Fort Wayne, IN 46804. Six of the ten units have been recently remodeled and updated, offering immediate upside potential through market rent adjustments. Its convenient location between Illinois Road and W. Jefferson Blvd, near Jefferson Pointe, provides easy access to I-69 and downtown Fort Wayne. The property benefits from its proximity to a retail corridor within a residential neighborhood, ensuring consistent demand. All units are well-maintained and currently occupied. Showings are by appointment only, following the execution of a Letter of Intent. This is a turnkey investment ready to generate immediate income.

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0722

Longitude

-85.206

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].