If you need assistance, please call 260-403-1940

$1,350,000
7109 Homestead Road, Fort Wayne, IN 46814
24 Beds
24 Baths
9,646 sqft

Share

   
OR
Photos
Map
Tour
Need help calculating monthly payments on this home? Estimate your mortgage here.
powered by CINC
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.
  • Price:
  • $1,350,000
  • Bedrooms:
  • 24
  • Full Baths:
  • 20
  • Half Baths:
  • 4
  • Square Footage:
  • 9,646
  • Acreage:
  • 1.18
  • Year Built:
  • 2021
  • Listing ID #:
  • 202106057
  • Street Address:
  • 7109 Homestead Road
  • City:
  • Fort Wayne
  • State:
  • Indiana
  • Postal Code:
  • 46814
  • County:
  • Allen
  • Subdivision:
  • None
  • Listing Status:
  • Pending
  • Listing Type:
  • Apartment Complex
School District: Southwest Allen Cnty
5
out of 5

Aboite Elementary School
Public
School Grade Level K-5
School Students 480 students
School Teachers 18 student/
teacher
4
out of 5

Summit Middle School
Public
School Grade Level 6-8
School Students 720 students
School Teachers 18 student/
teacher
5
out of 5

Homestead Senior High School
Public
School Grade Level 9-12
School Students 2335 students
School Teachers 20 student/
teacher
  • Basement Description:
  • Slab
  • Exterior Description:
  • Brick, Vinyl
  • Features:
  • Patio Open
  • Finished Above Ground Square Footage:
  • 9646
  • Finished Square Feet:
  • 9646
  • Flooring:
  • Mixed
  • New Construction:
  • Custom
  • Number Of 2 Bedroom Units:
  • 6
  • Number Of 3 Bedroom Units:
  • 4
  • Number Of Units:
  • 10
  • Stories:
  • 2
  • Total Building Square Footage:
  • 9646
  • Type Of Roof:
  • Asphalt, Shingle
  • Year Built:
  • 2021
  • Lot Description:
  • Level
  • Lot Square Footage:
  • 51597
  • Days On Market:
  • 201
  • Included In Sale:
  • Building, Land
  • Association Fee Payment Frequency:
  • Not Applicable
  • Tenant Pays:
  • Cooling, Electric, Heating
  • Driveway:
  • Asphalt
  • Parking Description:
  • Paved
  • Parking Spaces:
  • 10
  • Cooling System:
  • Central Air
  • Heating Fuel:
  • Electricity
  • Sewage Type:
  • City
$

$

%

$

$

$


The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided by Mark Noneman of Noneman Realty.

    IDX information provided by the Indiana Regional MLS
  • “IDX information provided by the Indiana Regional MLS” WAYNE

Similar Properties

Image Unavailable
$1,300,000
3320 W Division Road, Huntington, IN 46750
3 Beds | 3 Baths
ALL Listing Provided by Ty Mills of Mossy Oak Properties/Indiana Land and Lifestyle. IDX information provided by the Indiana Regional MLS
ACTIVE
Image Unavailable
$1,274,900
10479 Beaugreen Cove, Leo, IN 46765
4 Beds | 6 Baths
ALL Listing Provided by A.J. Sheehe of CENTURY 21 Bradley Realty. IDX information provided by the Indiana Regional MLS
CONT-ACCPTNGBACKUPOFFERS