1027 Lake Avenue, Fort Wayne, IN 46805
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: rachel morgan-hamiltonrachelmh.realty@gmail.com
Office: beach vibes realty
MLS#:202540713
Source:Indiana Regional MLS
Price summary
- Price:$330,000
- Price per sq. ft.:$92.33
About this home
Turnkey 4-Plex, fully occupied, generating $3,651 monthly income, ideally located within walking distance of Lakeside Park. Exterior freshly painted in 2024. All units rehabbed prior to tenant move-in, featuring updated paint, carpet and appliances as needed. Three of four tenants have been in place since 2023, ensuring stable income. This well-maintained, income-producing property is a must-see investment opportunity. Option to purchase additional property at 1011 Lake Ave. Tenants require 48-hour notice for showings and will be present. Owner covers utilities, averaging $575 per month. Off-street parking in rear.
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Home facts
- Year built:1900
- Listing ID #:202540713
- Added:63 day(s) ago
- Updated:December 08, 2025 at 03:59 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Living area:2,448 sq. ft.
Heating and cooling
- Heating:Hot Water
Structure and exterior
- Year built:1900
- Building area:2,448 sq. ft.
- Lot area:0.15 Acres
Schools
- High school:North Side
- Middle school:Lakeside
- Elementary school:Forest Park
Utilities
- Water:City
- Sewer:City
Finances and disclosures
- Price:$330,000
- Price per sq. ft.:$92.33
- Tax amount:$1,576
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