Fort Wayne, IN 46814,7109 Homestead Road
Fort Wayne, IN 46814,7109 Homestead Road
Fort Wayne, IN 46814,7109 Homestead Road
6
$2,600,000
$2,600,000
Est.Price: ?

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42 BD
42 BA
27,600 SqFt

7109 Homestead Road Fort Wayne, IN 46814

Est. payment /mo
SOLD DATE : 10/20/2023

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Key Details

Sold Price $2,600,000

Property Type Condo

Sub Type Apartment Complex

Listing Status Sold

Purchase Type For Sale

Square Footage 27,600 sqft

Subdivision None

MLS Listing ID 202248359

Style Other

Bedrooms 42

Full Baths 28

Half Baths 14

Year Built 2022

Annual Tax Amount $5,000

Lot Size 1.180 Acres

Property Sub-Type Apartment Complex

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.

Location

State IN

County Allen County

Area Allen County

Rooms

Dining Room 0

Interior

Flooring Mixed

Laundry , 14

Exterior

Amenities Available Patio Open

Roof Type Asphalt,Shingle

Building

Lot Description Level

Story 2

Structure Type Brick,Vinyl

New Construction No

Schools

Elementary Schools Aboite

Middle Schools Summit

High Schools Homestead

School District Msd Of Southwest Allen Cnty

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Indiana Regional MLS (IRMLS)
Listed by Mark Noneman • Noneman Realty
Bought with Mark Noneman • Noneman Realty

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agent

Timothy Vicsik

Broker Associate | RB14051798

+1(574) 329-9587

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