Sperry Van Ness is pleased to offer for purchase a 4plex apartment building located on downtown Fort Wayne's west side. The property consists of four (4) apartments each with one-bedroom and one bathroom. Many of the units have been rehabbed to include flooring, paint, fixtures, and other quality finishes. All apartments are 100% occupied and 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. Sales Info: ■ Commision split: 50.0% Location Description: The property is located on the corner of St. Mary's Ave. & Pape Ave. and is next to the bus line. Highlights: ■ 15% Cap Rate ■ 100 Occupancy ■ Guaranteed Rental Income ■ Suitable For First Time Investor or Experienced Landlord « show less
Sperry Van Ness is pleased to offer for purchase a 4plex apartment building located on downtown Fort Wayne's west side. The property consists... show more »
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