7109 Homestead Road

Fort Wayne, IN, 46814

$1,350,000

$1,350,000
Pending
Pending
 - For Sale
beds
24 Beds
baths
22 Baths
carpenters-square
9,646 ft²
property_type
Multi-family
calendar
Built 2021
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 and slab poured for the first duplex. In our opinion the best use for the site would be a 10 unit residential rental complex consisting of three 2100 sq ft ranch style duplexes and one 5792 sq ft two story four plex town house. All units will have electric heat and central air. One unit will have a two car garage and the other seven shall have a one car garage. The price stated is turnkey today but subject to change with ever changing commodity prices. We anticipate about 6 months construction time after approvals and permits. We also anticipate gross monthly rents to be $13,500 per month once fully occupied. This site may work as an office complex as well. 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:
202106057
Updated:
8/11/22
Encore Sotheby’s International Realty
Lynn Reecer

Interior Features

Kitchen Appliances
Building, Land
Total Bedrooms
24
Full Bathrooms
20
Half Bathrooms
4
Floor Description
Mixed
Cooling
Central Air
Heating
Electricity

Exterior/Building Features

Lot Size
1.18 acres lot
Lot Details
Level
Roof
Asphalt, Shingle
Sewer
City

School Information

School District
MSD of Southwest Allen Cnty
High School
Homestead
Middle/Jr High
Summit
Elementary School
Aboite

Other Property Details

Area Name
Allen County
HOA Amenities
Patio Open
Garage
No
Parking
Paved
View
N
County
Allen County
Water Source
City
Total Stories
2

Property History

Date
Event
Price
Value
3/27/21
Pending
-
-

 

Courtesy of Noneman Realty, Mark Noneman

IDX information provided by the Indiana Regional MLS. 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 by the MLS. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Lynn Reecer shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.  

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Data last updated 11:45 AM UTC, 8/11/22

Encore Sotheby’s International Realty
Lynn Reecer
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