7109 Homestead Road Fort Wayne, IN 46814 Pending

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Rofkahr & Culler
(260) 336-2122
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Apartment Complex

$1,350,000

7109 Homestead Road

24 Bedrooms
24 Bathrooms 20 Full, 4 Half
9646 Sq Ft
1.18 Acre
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 and slab poured for the first duplex. In our opinion the best use for the site would be a 10 unit residential rental complex consisting of three 2100 sq ft ranch style duplexes and one 5792 sq ft two story four plex town house. All units will have electric heat and central air. One unit will have a two car garage and the other seven shall have a one car garage. The price stated is turnkey today but subject to change with ever changing commodity prices. We anticipate about 6 months construction time after approvals and permits. We also anticipate gross monthly rents to be $13,500 per month once fully occupied. This site may work as an office complex as well. 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.

Directions

Just north of the intersection of Homestead Road and US 24. On the east side of the road.

Map to 7109 Homestead Road, Fort Wayne, IN 46814

Property
MLS # 202106057
Status Pending
Property Type Investment
Property SubType Apartment Complex
Square Feet 9646 Sq Ft
New Construction Custom
Style Other
Type Apartment Complex
Bedrooms 24
Bedrooms 24 (20 Full, 4 Half)
Year Built 2021
Virtual Tour propertypanorama.com »
Days on Market 28
External Features
Construction Apartment Complex
Lot Size 51,597 sq ft
Acreage 1.18 Acre
Lot Dimensions 147 X 351
Fence None
Location
Area Allen County
County Allen
Subdivision None
Township Aboite
City Fort Wayne
State IN
Zip 46814
Schools
School District MSD of Southwest Allen Cnty
Elementary Aboite
Middle School Summit
High School Homestead
Financial
Assoc. Dues $0.00 Not Applicable

MLS# 202106057.
Listing Provided Courtesy of Mark Noneman
Noneman Realty

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated Thursday, April 22nd, 2021 at 7:00 PM EDT.

Learn More About 7109 Homestead Road

Presented By
Rofkahr & Culler
(260) 336-2122
Email
Select Agent to Contact

By clicking "Message Agent", you agree to be contacted by Rofkahr & Culler about your request. Please see our Privacy Policy.