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7109 Homestead Road

Fort Wayne, IN 46814
  • $2,600,000
  • STATUS: Cont-AccptngBackupOffers
  • ON SITE: 59 Days
  • MLS #: 202248359
$2,600,000
  • 42
    BEDS
  • 1.18
    ACRES
  • 28
    BATHS
  • 14
    1/2 BATHS
  • 27,600
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
2022
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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.

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© 2023 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: 2023-01-30T00:28:13.613.

www.movingwithteammelton.com/homes/135154928
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7109 Homestead Road Fort Wayne, IN 46814

  • Price: $2,600,000
  • Status: Cont-AccptngBackupOffers
  • On Site: 59 Days
  • MLS #: 202248359
42
Beds
28
Baths
14
½ Baths
1.18
Acres
27,600
SQFT
$94
$/SQFT
2022
Built
Neighborhood:
None
County:
Allen
Area:
Allen
Elementary School:
Aboite
Middle School:
Summit
High School:
Homestead
School District:
Msd Of Southwest Allen Cnty
Property Description
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.
Exterior Features

Driveway Asphalt Exterior BrickVinyl Location City/Town/Suburb Lot Description Level Lot Dimensions 147 X 351 Outbuilding None Parking Paved Parking Spaces 14 Pool YN No Roof Material AsphaltShingle Style Other Waterfront YN No

Interior Features

Above Grade Bedrooms 42 Above Grade Finished Sqft 27600 Above Grade Unfin Sq Ft 0 Amenities Patio Open Basement Foundation Slab Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Central Air Dishwashers 0 Disposals 0 Dryers 0 Flooring Mixed Heating Fuel Electricity Microwaves 0 Ranges Ovens 0 Refrigerators 0 Rooms Below Grade 0 Total Baths 42 Total Below Grade Sqft 0 Total Sq Ft 27600 Wash Dry Hookups 14 Washers 0

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 336000 Annual Insurance Expense 5000 Annual Maint Expense 1000 Annual Misc 3000 Annual Net Income 286000 Annual Property Tax 30000 Annual Trash Expense 2000 Annual Water Sewer Exp 9000 Assoc Dues Frequency Not Applicable Auction Y / N No Date Completed 2023 Efficiencies 0 Electric Company Aep/I&Amp;M For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 28000 Gross Monthly Rent 2800 Lease Term None New Construction Custom One Bedrooms 0 Owner Pays Building InsuranceLawn MaintenanceMaintenanceSewerSnow RemovalTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Apartment Complex Proposed Financing Conventional Reo YN No Sale Includes BuildingLand Sewer City Tenant Pays CoolingElectricHeating Three Bedrooms 14 Township Aboite Two Bedrooms 0 Units Rented 0 Water Utility City Year Taxes Payable 0

Listing provided by Mark Noneman of Noneman Realty: [IDXCONTACTINFORMATION].
© 2023 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.


© 2023 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: 2023-01-30T00:28:13.613.

 
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