1106 Columbia Avenue Fort Wayne, IN 46805

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Fourplex • 48Y Old

$300,000

1106 Columbia Avenue

5 Bedrooms
4 Bathrooms
1700 sqft
0.16 Acres
Property Description

Four-Plex Investment Opportunity in Fort Wayne! Discover the epitome of hassle-free real estate investment with this unique four-plex property nestled in the heart of Fort Wayne. Boasting a lucrative portfolio of short-term and mid-term rentals exclusively on Airbnb, this income-generating gem offers a turnkey solution for savvy investors. Limited Showings - Let the Photos Speak: Due to the continuous stream of bookings, showings are limited. Please rely on photos and Airbnb listings for interior views. Strategic Booking Window for Showings: While all four units enjoy high demand, we understand the importance of on-site viewings. Select days between reservations are available for showings. For detailed availability, please inquire, and we'll gladly accommodate your schedule. Diverse Living Spaces: Experience variety with two studio apartments, a one-bedroom retreat, and a spacious two-bedroom haven. The rental history reflects an impressive monthly average of $700-$916 per door over the last 12 months, after management and cleaning fees. Upgraded Features and Smart Technology: This property is not just about aesthetics; it's about smart living. A new roof (2022), fresh gutters (2023), and the removal of a second-story porch enhance both functionality and curb appeal. Embrace modern living with a smart thermostat and three temperature sensors, ensuring optimal comfort in every unit. Fully Furnished - From Essentials to Extras: Invest with confidence in this turnkey property where each unit is fully furnished, right down to the salt and pepper shakers. The price reflects an As-Is turnkey income property, inclusive of furniture and appliances. The current management is ready to seamlessly continue operations if desired. Prime Location for Enjoyment and Convenience: Situated between the River Greenway, Wells Street Corridor, and downtown, this property is a haven for both tenants and guests. Take advantage of the miles of nearby trail systems, perfect for biking enthusiasts. Abundant off-street parking ensures hassle-free experiences for all. Flexible Investment - Regular Rental or Airbnb Delight: Explore the flexibility of this investment. The property can easily be converted back to regular annual rentals by removing furniture, etc.

Directions

From downtown, take Columbia Ave to the property.

Map to 1106 Columbia Avenue, Fort Wayne, IN 46805

Property
MLS # 202401529
Status Active
Property Type Investment
Property SubType Fourplex
Finished Square Feet 1700 sqft
Total Square Feet 3024 sqft
New Construction No
Style One and Half Story
Type Fourplex
Basement Yes
Bedrooms 5
Bathrooms 4
Annual Taxes $699.19
Year Taxes Payable 2023
Year Built 1976
Days on Market 41
Room Dimensions
Living Room 1 × 0 Level
4th Bedroom 1 × 1 Level
5th Bedroom 4 × 4 Level
Recreation Room 4 × 0 Level
Extra Room 1 × 1 Level
Bathroom Locations
Full Baths 5 Main
External Features
Construction Fourplex
Lot Size 6,750 sq ft
Acreage 0.16 Acres
Lot Dimensions 45X150
Fence None
Location
Area Allen County
County Allen
Subdivision Lake Side / Lakeside
Township Wayne
City Fort Wayne
State IN
Zip 46805
Schools
School District Fort Wayne Community
Elementary Forest Park
Middle School Lakeside
High School North Side
Financial
Assoc. Dues $0.00 Not Applicable

MLS# 202401529.
Listing Provided Courtesy of Heather Nave
Coldwell Banker Real Estate Group
Cell: 260-610-4418

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 Sunday, February 25th, 2024 at 11:30 AM EST.

Learn More About 1106 Columbia Avenue

Presented By
Teri Davis-Foster
Teri Davis-Foster
(260) 927-3168
Email
Agent to Contact

By clicking "Message Agent", you agree to be contacted by Teri Davis-Foster about your request. Please see our Privacy Policy.