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 |
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 |
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| Water Front | No |
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| 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:
Mortgage
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