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About This Home
This 4-bedroom, 4-bathroom residential multi family at 1027 Lake Avenue in Fort Wayne, IN is listed for $289,000 ($118 per sqft). the home offers 2,448 sqft of living space on a 0.16 acres lot.
Turnkey 4-Plex in the heart of the desirable 46805 district, fully occupied and generating $3,719/month in gross income with a NET annual income of $28,025. Ideally located within walking distance of Lakeside Park, this well-priced downtown investment opportunity features a freshly painted exterior (2024) and rehabbed units with updated paint, carpet, and appliances as needed prior to tenant move-in. A well-maintained, income-producing property offering immediate cash flow and long-term potential.
Key Features
- 0.16 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$1,546/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1027 Lake Avenue
Fort Wayne, IN 46805-4388
Lakeside Park
Features & Amenities
Exterior Features
Property Details
Flooring
Parking
Heating
Appliances
Questions & Answers
This 4-bedroom, 4-bathroom residential multi family at 1027 Lake Avenue is listed at $289,000 ($118/sqft). The estimated monthly payment is $1,252 based on 20% down at 6.5% interest.
Key features include: 0.16 acre lot, 2 stories. Exterior Features: Basement, None.
This property is listed by Richard Rutledge and can be reached at 2602678220 or rutledgerealty@outlook.com.
