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1106 Columbia Avenue

Fort Wayne, IN 46805
  • $300,000
  • STATUS: Active
  • ON SITE: 48 Days
  • MLS #: 202401529
UPDATED: 57 min ago
$300,000
  • 5
    BEDS
  • 0.16
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 1,700
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1976
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Heather Nave of Coldwell Banker Real Estate Group: Cell: 260-610-4418.

Description

Four-Plex Investment Opportunity in Fort Wayne! Discover the epitome of hassle-free real estate investment with this unique four-plex property nestled in the heart of Fort Wayne. Boasting a lucrative portfolio of short-term and mid-term rentals exclusively on Airbnb, this income-generating gem offers a turnkey solution for savvy investors. Limited Showings - Let the Photos Speak: Due to the continuous stream of bookings, showings are limited. Please rely on photos and Airbnb listings for interior views. Strategic Booking Window for Showings: While all four units enjoy high demand, we understand the importance of on-site viewings. Select days between reservations are available for showings. For detailed availability, please inquire, and we'll gladly accommodate your schedule. Diverse Living Spaces: Experience variety with two studio apartments, a one-bedroom retreat, and a spacious two-bedroom haven. The rental history reflects an impressive monthly average of $700-$916 per door over the last 12 months, after management and cleaning fees. Upgraded Features and Smart Technology: This property is not just about aesthetics; it's about smart living. A new roof (2022), fresh gutters (2023), and the removal of a second-story porch enhance both functionality and curb appeal. Embrace modern living with a smart thermostat and three temperature sensors, ensuring optimal comfort in every unit. Fully Furnished - From Essentials to Extras: Invest with confidence in this turnkey property where each unit is fully furnished, right down to the salt and pepper shakers. The price reflects an As-Is turnkey income property, inclusive of furniture and appliances. The current management is ready to seamlessly continue operations if desired. Prime Location for Enjoyment and Convenience: Situated between the River Greenway, Wells Street Corridor, and downtown, this property is a haven for both tenants and guests. Take advantage of the miles of nearby trail systems, perfect for biking enthusiasts. Abundant off-street parking ensures hassle-free experiences for all. Flexible Investment - Regular Rental or Airbnb Delight: Explore the flexibility of this investment. The property can easily be converted back to regular annual rentals by removing furniture, etc.

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© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2024-03-03T23:28:21.933.

www.movingwithteammelton.com/homes/146659095
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1106 Columbia Avenue Fort Wayne, IN 46805

  • Price: $300,000
  • Status: Active
  • On Site: 48 Days
  • Updated: 57 min ago
  • MLS #: 202401529
5
Beds
4
Baths
0
½ Baths
0.16
Acres
1,700
SQFT
$176
$/SQFT
1976
Built
Neighborhood:
Lake Side / Lakeside
County:
Allen
Area:
Allen
Elementary School:
Forest Park
Middle School:
Lakeside
High School:
North Side
School District:
Fort Wayne Community
Property Description
Four-Plex Investment Opportunity in Fort Wayne! Discover the epitome of hassle-free real estate investment with this unique four-plex property nestled in the heart of Fort Wayne. Boasting a lucrative portfolio of short-term and mid-term rentals exclusively on Airbnb, this income-generating gem offers a turnkey solution for savvy investors. Limited Showings - Let the Photos Speak: Due to the continuous stream of bookings, showings are limited. Please rely on photos and Airbnb listings for interior views. Strategic Booking Window for Showings: While all four units enjoy high demand, we understand the importance of on-site viewings. Select days between reservations are available for showings. For detailed availability, please inquire, and we'll gladly accommodate your schedule. Diverse Living Spaces: Experience variety with two studio apartments, a one-bedroom retreat, and a spacious two-bedroom haven. The rental history reflects an impressive monthly average of $700-$916 per door over the last 12 months, after management and cleaning fees. Upgraded Features and Smart Technology: This property is not just about aesthetics; it's about smart living. A new roof (2022), fresh gutters (2023), and the removal of a second-story porch enhance both functionality and curb appeal. Embrace modern living with a smart thermostat and three temperature sensors, ensuring optimal comfort in every unit. Fully Furnished - From Essentials to Extras: Invest with confidence in this turnkey property where each unit is fully furnished, right down to the salt and pepper shakers. The price reflects an As-Is turnkey income property, inclusive of furniture and appliances. The current management is ready to seamlessly continue operations if desired. Prime Location for Enjoyment and Convenience: Situated between the River Greenway, Wells Street Corridor, and downtown, this property is a haven for both tenants and guests. Take advantage of the miles of nearby trail systems, perfect for biking enthusiasts. Abundant off-street parking ensures hassle-free experiences for all. Flexible Investment - Regular Rental or Airbnb Delight: Explore the flexibility of this investment. The property can easily be converted back to regular annual rentals by removing furniture, etc.
Exterior Features

Exterior Other Lot Description Level Lot Dimensions 45X150 Outbuilding None Parking Off Street Parking Spaces 4 Pool YN No Style One and Half Story Waterfront YN No

Interior Features

Above Grade Bedrooms 5 Above Grade Finished Sqft 1700 Above Grade Unfin Sq Ft 0 Amenities BasementCeiling FanOff Street Parking Basement Foundation CrawlPartial Basement Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 1324 Cooling None Dishwashers 0 Disposals 0 Dryers 1 Flooring Mixed Heating Fuel GasForced Air Main Level Sq Ft 1705 Microwaves 4 Ranges Ovens 4 Refrigerators 4 Rooms Below Grade 0 Total Baths 4 Total Below Grade Sqft 1324 Total Sq Ft 3024 Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit2 Bathrooms 1 Unit3 Bathrooms 1 Unit3 Bedrooms 2 Upper Level Sq Ft 1212 Wash Dry Hookups 1 Washers 1

Property Features

Annual Electric Expense 3251.37 Annual Fuel Expense 1578.88 Annual Gross Rent 46187.96 Annual Insurance Expense 699.19 Annual Maint Expense 2242.95 Annual Misc 741.38 Annual Net Income 32664.8 Annual Property Tax 2703.74 Annual Trash Expense 0 Annual Water Sewer Exp 2305.65 Assoc Dues Frequency Not Applicable Auction Y / N No Efficiencies 2 Electric Company Indiana Michigan Power Electric Meters 1 Energy Efficient Thermostat/Controllers For Sale Or Rent For Sale Four Bedrooms 0 Gas Company NIPSCO Gas Meters 1 Gross Monthly Income 3849 Gross Monthly Rent 3849 Lease Term Other New Construction No One Bedrooms 1 Owner Pays ElectricFuelLawn MaintenanceMaintenanceSnow RemovalTaxTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Fourplex Reo YN No Sale Includes BuildingLand Sewer City Tenant Pays None Three Bedrooms 0 Township Wayne Two Bedrooms 1 Units Rented 4 Water Company Fort Wayne City Utilities Water Meters 1 Water Utility City Year Taxes Payable 2023

Listing provided by Heather Nave of Coldwell Banker Real Estate Group: Cell: 260-610-4418.

© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty.


© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2024-03-03T23:28:21.933.

 
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Team Melton | ERA First Advantage Realty
8711 W Highway 66
Newburgh IN, 47630
Listing provided by Heather Nave of Coldwell Banker Real Estate Group: Cell: 260-610-4418.