About This Home
This 5-bedroom, 3-bathroom single family at 3718 S Wayne Avenue in Fort Wayne, IN is listed for $299,900 ($111 per sqft). Built in 1930, the home offers 2,696 sqft of living space on a 0.19 acres lot.
Key Features
- Built in 1930
- 0.19 acre lot
- 2 stories
Property Details
Amenities
Investment Highlights Turn-Key Cash Flow: Grossing $2,885/month across three distinct, fully occupied units. Prime 07 Location: Nestled on historic South Wayne Ave, immediately adjacent to the highly desirable Illsley Place and Oakdale historic neighborhoods.
Legal Triplex: Fully compliant with an established legal triplex variance in place. Utility Efficiency: All utilities are set up on RUBS (Ratio Utility Billing System) for seamless tenant expense pass-throughs. Low Maintenance Exterior: Features durable aluminum siding and a clean, solid exterior profile.
Extensive Capital Improvements & Upgrades Roofing: Complete peace of mind with a brand-new shingle roof equipped with gutter guards, plus a new flat roof section. HVAC & Systems: Brand-new furnaces and central A/C units (all units enjoy Central Air; 1 shared high-efficiency heater for upper levels).
Gas line was fully repaired/updated just a few years ago. Structural: Foundation wall professional restoration completed. Interior: Complete top-to-bottom interior remodel across all units featuring updated kitchens, modern bathrooms, refreshed flooring, and updated fixtures.
Unit Breakdown & Layouts Unit 1 (Main Level - HUGE): Layout: 3 Bedrooms | 1 Full Bathroom (Boasts over 1,200+ sq. ft.) Features: A true showstopper featuring a gorgeous light-filled Solarium Room, expansive living and dining areas, character-rich details, and generous bedroom sizes.
Unit 2 (Upper Level): Layout: 1 Bedroom | 1 Full Bathroom Features: Fully remodeled 1-bed layout with stylish finishes and central air. Unit 3 (Upper Level): Layout: 1 Bedroom | 1 Full Bathroom Features: Efficient, fully remodeled 1-bed unit with high tenant demand.
On-Site Amenities & Value-Add Potential Coin-Operated Laundry: On-site coin laundry facility located in the huge basement, providing a steady stream of passive bonus income. Bonus Storage: Large basement offers potential for tenant storage lockers or additional owner storage. Future upside in rent increases given the top-tier location and fresh remodel. A rare, fully remodeled 3-unit property in Fort Wayne's booming 46807 zip code.
Monthly Cost Estimate
$1,604/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3718 S Wayne Avenue
Fort Wayne, IN 46807
Nindes
Property Details
Cooling
Questions & Answers
This 5-bedroom, 3-bathroom single family at 3718 S Wayne Avenue is listed at $299,900 ($111/sqft). The estimated monthly payment is $1,603 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1930, 0.19 acre lot, 2 stories.
This property is listed by Jordan Wildman and can be reached at 2604980384.
