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1027 Lake Avenue
Fort Wayne, IN 46805

$289,000 - Status: Active
SQFT: 2,448
MLS# 202617710

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.

Property Features

MLS#: 202617710
Zip: 46805
Subdivision: Lakeside Park
Development: Wayne
Property Type: Multi Unit - Multiple
Number of Units: 4
Basement: Yes
Basement: Full Basement, Unfinished
Cooling: Window
Days on Site: 14
Heating: Hot Water
Home Style: Fourplex
Lot Size: 0.16 acres
Roof Type: Asphalt
Stories: 2.0
Year Built: 1900

Feature Descriptions

Above Grade Finished SQFT: 2448
Amenities: Basement
Exterior: Wood
Location: City/Town/Suburb
Lot Description: Level
Lot Dimensions: 45X150
Owner Pays: Electric, Fuel, Sewer, Water
Sale Inclusions: Building, Land, Lease
Sewer: City
Total Finished SQFT: 2448
Units: 4
Water: City

Local Schools

High School: North Side
Middle School: Lakeside
Elementary School: Forest Park
School District: Fort Wayne Community

1027 Lake Avenue | MLS# 202617710

This multi-family property located at 1027 Lake Avenue, Fort Wayne, IN 46805 is currently listed for sale with an asking price of $289,000. Lake Avenue is located within the Fort Wayne Community school district. Search Fort Wayne real estate on www.coldwellbanker1stchoice.com today.

Listed By / Shown By

Listed By

Agency Name: Trueblood Real Estate, LLC.
Agency Contact: Cell: 260-267-8220
Agent Name: Richard Rutledge

Shown By

Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121

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IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS

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