1011 Lake Avenue, Fort Wayne, IN 46805-4398
$309,000
Est. payment /mo
Save
4 Beds
4 Baths
2,300 SqFt
Pending

1011 Lake Avenue Fort Wayne, IN 46805-4398

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Travis Maassen

Travis Maassen

+1(260) 234-0358

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,300 sqft

Subdivision Lakeside Park

MLS Listing ID 202617711

Style Two Story

Bedrooms 4

Full Baths 4

Abv Grd Liv Area 2,300

Total Fin. Sqft 2300

Year Built 1905

Annual Tax Amount $1,241

Tax Year 2026

Lot Size 6,969 Sqft

Property Sub-Type Fourplex

Property Description

This fully occupied turnkey 4-Plex is the kind of investment opportunity that rarely hits the market. Generating an impressive $3,937.00 monthly gross income and $33,620.00 NET annual income after all expenses. It it assessed at over $321,400.00. Ideally positioned in the heart of the highly desirable 46805 district, you're just a short walk from Lakeside Park and only minutes from the energy, dining, and entertainment of downtown Fort Wayne. With a freshly painted exterior in 2024 and all units rehabbed prior to tenant occupancy featuring updated paint, carpet, and appliances as needed, this property offers the perfect blend of charm, stability, and cash flow. Well-maintained, income-producing, and aggressively priced for the value offered, this is a prime opportunity for both seasoned investors and buyers looking to expand their portfolio with confidence. Opportunities like this don't last long.

Location

State IN

County Allen County

Area Allen County

Direction Property is located on the right side of the one-way road (Lake Ave) heading west, towards downtown, and is marked well with signage.

Rooms

Family Room 1200 x 825

Dining Room 0 x 1012

Kitchen , 900

Interior

Flooring Carpet, Vinyl

Fireplaces Number 2

Appliance Building, Land, Lease

Laundry , 6

Exterior

Garage Spaces 1.0

Amenities Available Basement

Total Parking Spaces 6

Building

Lot Description Level

Story 2

Structure Type Wood

New Construction No

Schools

Elementary Schools Forest Park

Middle Schools Lakeside

High Schools North Side

School District Fort Wayne Community

Others

Financing Cash,Conventional

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS
Listed by Richard Rutledge • Trueblood Real Estate, LLC. • Cell: 260-267-8220

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Travis Maassen

Travis Maassen

Broker | License ID: RB23000211

+1(260) 234-0358

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Travis Maassen, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1011 Lake Avenue