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About This Home
This 4-bedroom, 4-bathroom residential multi family at 1011 Lake Avenue in Fort Wayne, IN is listed for $320,000 ($139 per sqft). the home offers 2,300 sqft of living space on a 0.16 acres lot.
Turnkey 4-Plex, fully occupied generating $3,497 monthly income, ideally located within walking distance of Lakeside Park. Exterior freshly painted in 2024. All units rehabbed prior to tenant move-in, featuring updated paint, carpet and appliances as needed.
Two of four tenants have been in place since 2023 and the other two moved in this year. This well-maintained, income-producing property is a must-see investment opportunity. Option to purchase additional property at 1027 Lake Ave. Tenants require 48-hour notice for showings and will be present. Owner covers water & gas, averaging $252 per month. Off-street parking in rear.
Key Features
- 0.16 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$1,711/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1011 Lake Avenue
Fort Wayne, IN 46805-4398
Lakeside Park
Features & Amenities
Exterior Features
Property Details
Flooring
Heating
Appliances
Questions & Answers
This 4-bedroom, 4-bathroom residential multi family at 1011 Lake Avenue is listed at $320,000 ($139/sqft). The estimated monthly payment is $1,387 based on 20% down at 6.5% interest.
Key features include: 0.16 acre lot, 2 stories. Exterior Features: Off Street Parking, Porch Covered, Water Heater Gas.
This property is listed by Rachel Morgan-Hamilton and can be reached at 2604946154 or rachelmh.realty@gmail.com.