1005 Cottage Avenue, Fort Wayne, IN 46807
1005 Cottage Avenue, Fort Wayne, IN 46807
1005 Cottage Avenue, Fort Wayne, IN 46807
21
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Listed by Edmond Jemison • CENTURY 21 Bradley Realty, Inc • Cell: 260-515-3438
$159,900
Est. payment /mo
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3 Beds
1 Bath
1,408 SqFt
Price Dropped by $5K

1005 Cottage Avenue Fort Wayne, IN 46807

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Travis Maassen

Travis Maassen

+1(260) 234-0358

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Site-Built Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,408 sqft

Subdivision Weber(S)

MLS Listing ID 202624367

Style Two Story

Bedrooms 3

Full Baths 1

Abv Grd Liv Area 1,408

Total Fin. Sqft 1408

Year Built 1906

Annual Tax Amount $1,769

Lot Size 5,662 Sqft

Property Sub-Type Site-Built Home

Property Description

Investor opportunity in the heart of Fort Wayne's desirable 46807 district (TENANT ALREADY IN PLACE) ! This well-maintained 3-bedroom, 1-bath two-story home offers immediate cash flow with a tenant already in place through March 2027 at $1,600 per month, creating a turnkey investment with stable income from day one.Located just minutes from Electric Works, downtown Fort Wayne, restaurants, entertainment, parks, and major employment centers, this property combines historic character with numerous updates completed during the current ownership period. Improvements include a remodeled kitchen with updated cabinetry and countertops, remodeled bathroom, updated flooring, refreshed interior and exterior finishes, and freshly painted front porch accents. Major mechanical updates include a new furnace and central air conditioning installed in 2022, with the HVAC system professionally serviced on June 19, 2026. Additional updates include a refrigerator and stove installed in 2022, along with a washer and dryer added in 2025.The property also benefits from a structural engineer assessment completed in 2022 regarding the basement, providing additional information and peace of mind for future ownership.The home offers approximately 1,408 square feet, spacious bedrooms, a dedicated dining room, basement storage, detached garage with alley access, a large covered front porch, and a generously sized lot. Investors will appreciate the opportunity to acquire a performing asset with an established tenant already in place, reducing vacancy concerns and providing predictable income from day one.Whether you're expanding your portfolio or seeking a well-maintained investment property in one of Fort Wayne's most active growth corridors, 1005 Cottage Avenue presents an excellent opportunity to secure a leased property with proven rental income and substantial recent improvements.Tenant occupied through March 2027. Lease available upon request. Minimum 24-hour notice required for all showings, and showings to only be on Tuesdays. Property is being sold AS-IS. Some photos have been digital staged for tenant privacy.

Location

State IN

County Allen County

Area Allen County

Zoning R1

Direction Take Indiana to Cottage Ave and head west on Cottage, house is on the South Side of the street.

Rooms

Basement Partial Basement, Unfinished

Dining Room 12 x 17

Kitchen Main, 10 x 16

Interior

Heating Gas, Forced Air

Cooling Central Air

Flooring Carpet, Laminate

Fireplaces Type None

Appliance Refrigerator, Washer, Cooktop-Electric, Dryer-Electric, Range-Electric, Water Heater Gas

Laundry Main, 6 x 3

Exterior

Exterior Feature Sidewalks

Parking Features Detached

Garage Spaces 1.0

Fence Chain Link, Pet Fence

Amenities Available Cable Ready, Closet(s) Walk-in, Countertops-Laminate, Dryer Hook Up Electric, Patio Covered, Range/Oven Hook Up Elec, Tub/Shower Combination, Formal Dining Room, Main Floor Laundry, Washer Hook-Up

Roof Type Asphalt,Shingle

Building

Lot Description Level, Wooded

Story 2

Foundation Partial Basement, Unfinished

Sewer City

Water City

Architectural Style Traditional, Foursquare

Structure Type Wood,Masonite

New Construction No

Schools

Elementary Schools South Wayne

Middle Schools Portage

High Schools South Side

School District Fort Wayne Community

Others

Financing Cash,Conventional

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202624367

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS

NEARBY SCHOOL & BUSINESS

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Travis Maassen

Travis Maassen

Broker | License ID: RB23000211

+1(260) 234-0358

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1005 Cottage Avenue