7109 Homestead, Fort Wayne, IN 46814 - Myers Trust

7109 Homestead, Fort Wayne, IN 46814

Overview

MLS ID: #202248359
Price: $ 2,600,000
Sq Ft: 27,600
Finished Sq Ft: 27,600
Lot Size: 1.18 Acres
Year Built: 2022
Bedrooms: 42
Full Bathrooms: 28
Half Bathrooms: 14
Taxes: $ 5,000
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ATTENTION INVESTORS! Here’s an opportunity to build just what you want. Whether you are just starting out or want to add to your portfolio; we have a plan for you. The owner of the property specializes in Multi-family construction. They just completed a similar project and are ready to start this complex for you. This site consist of 1.92 acres and has an existing detention pond. In our opinion the best use for the site would be a 14 unit residential rental complex consisting of fourteen 1448 square foot 3 bedroom 2.5 bath townhouses. All units will have a 288 square foot one car attached garage. All units will also have electric heat and central air. The price stated is turnkey today but subject to change with the ever changing commodity prices. We anticipate about 6 months construction time after approvals and permits. We also anticipate gross monthly rents to be $28,000 per month once fully occupied. The owner is the exclusive builder. They are flexible and open to your ideas. This development is subject to obtaining necessary government approvals. Pictures are for reference only.

MLS ID: 202248359

Details

# of Units 14
Price Per Unit 185,714.290
Above Grade Finished SF 27,600
Combined Finished SF 27,600
Below Grade Finished SF 0
Below Grade Unfinished SF 0
Total Below Grade SF 0
Total Sq Ft 27,600
Lot Dimensions 147 X 351
Approx Lot Size SqFt 51,597
Approx Lot Size Acres 1.180
Garage SF 9,000
Water Front No
Style Other
New Construction Custom
Elementary School Aboite
Middle School Summit
Senior Homestead
District MSD of Southwest Allen Cnty
# Bedrooms 42
# of Full Baths 28
# of Half Baths 14
Laundry Room 14 x
Annual Gross Rent Income $336,000.00
Annual Sewer Expense $9,000.00
Annual Fuel Expense $0.00
Annual Electric Expense $0.00
Annual Trash Expense $2,000.00
Annual Property Tax $30,000.00

Listing Office: Noneman Realty

Listing Agent: Mark Noneman

Disclaimer:

Property information is provided by the Indiana Regional MLS. The 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. The data is deemed reliable but is not guaranteed accurate by the IRMLS. Featured Properties may have updated information provided by Myers Trust.