1302 West Washington Boulevard is amulti-family property for lease in Fort Wayne, IN.
Sperry Van Ness is pleased to offer for purchase a 9plex apartment building in the West Central neighborhood on downtown Fort Wayne's west side. The property consists of nine (9) apartments each with one-bedroom and one bathroom. Many of the units have been rehabbed to include flooring, paint, fixtures, and other quality finishes.
Eight (8) of the units are master leased until 2019 with rents guaranteed by a local non-profit via the Shelter Plus Care Grant. Last annual rent increase of 5% was Nov. 2014. Tenant pays additional rent of $30/month/unit for June, July, & August for Landlord to install window A/C units.
Please do not disturb tenants; showings by appointment only.
This property is one of a package of eight investment properties that can be purchased individually or together as a portfolio.
• 10% Cap Rate
• Historic Property
• Guaranteed Rental Income
• Suitable For First Time Investor or Experienced Landlord