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(SOLD) $285,000

1106 Columbia Avenue Fort Wayne, IN  46805-6331

  • 5 Beds
  • 4 Baths
  • 1,700 sq. Ft

Property Description for 1106 Columbia Avenue Fort Wayne, IN 46805-6331

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.

Address:1106 Columbia Avenue Fort Wayne IN 46805-6331
Status:Sold
Sold On: 4/25/2024
Price:$300,000
Bedrooms:5 Beds
Bathrooms:4 Full Baths
Sq. Feet:1,700
Year Built:1976
Lot Size:0.16
County: Allen County
Township: Wayne
School System : Fort Wayne Community
MLS #:202401529
Property Type:Fourplex

Lot Dimensions:45X150
Directions:From downtown, take Columbia Ave to the property.
Total Sq. Ft. :1,700
Basement:Yes

Loan Price
$1,664
Price And Interest $1,487/month
Property Tax $58/month
MTG INS $0/month
HOME INS $119/month
Price
$285,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$58/month
Home Owner Insurance
$1,428 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
3rd Bedroom null x 1 Info Not Available
4th Bedroom 1 x 1 Info Not Available
5th Bedroom 4 x 4 Info Not Available

Semi-Annual Property Tax:$350
Tax Year:2023
Mandatory HOA Fee:$

Subdivision: Lake Side / Lakeside
Zip Code:46805-6331

School System:Fort Wayne Community
High School:North Side
Middle School:Lakeside
Elementary School:Forest Park

Total Sq. Ft.:1,700
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Fort Wayne REALTORS®

Schools in 1106 Columbia Avenue Fort Wayne, IN  46805-6331


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Listing provided courtesy of Heather Nave with Coldwell Banker Real Estate Group

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.



Fort Wayne Market Report

136
Avg. DOM
$166.02
Avg. $ / Sq.Ft.
$ 319,900
Med. List Price

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