7109 Homestead Road

Fort Wayne, IN, 46814

$2,600,000

$94 per ft²
$2,600,000
$94 per ft²
Active Under Contract
Active Under Contract
 - For Sale
beds
42 Beds
baths
42 Baths
carpenters-square
27,600 ft²
property_type
Residential
calendar
Built 2022
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
Updated:
2/7/23
Encore Sotheby’s International Realty
Lynn Reecer

Interior Features

Kitchen Appliances
Building, Land
Total Bedrooms
42
Full Bathrooms
28
Half Bathrooms
14
Floor Description
Mixed
Cooling
Central Air
Heating
Electricity

Exterior/Building Features

Lot Size
1.18 acres lot
Exterior Features
Brick, Vinyl
Architectural Style
2
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
Association Amenities
Patio Open
Garage
Yes
Parking
Paved
View
N
County
Allen County
Water Source
City
Pool
Yes
Pool Description
No
Total Stories
2

Property History

Date
Event
Price
Value
1/18/23
Active Under Contract
-
-

 

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.  

©2023 Indiana Regional MLS. All rights reserved.

Data last updated 12:30 PM UTC, 2/7/23

Encore Sotheby’s International Realty
Lynn Reecer
Contact