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Somerset Townhomes 3115 Carroll Rd 56 Unit Apartment Building $12,992,000 ($232,000/Unit) 6.06% Cap Rate Fort Wayne, IN 46818
Investment Highlights
- Built in 2024, 56 garden and 2-story townhome units
- Community includes private dog park, manicured landscapes, and pond views
- Several items are still under original warranty
- 3 Floorplan designs ranging from 928-1,424 SF
- Built by prominent luxury home builder with high end finishes.
- Units include granite countertops, wood cabinetry, Samsung appliances, in-unit washer/dryer, cathedral ceilings, plank flooring, and open floorplans
Executive Summary
Invest in luxury living redefined at Somerset Townhomes & Villas, located in one of the fastest growing areas of Fort Wayne. Built in 2024 by Fort Wayne's premier luxury home
builder, this park-like property offers lush landscaping, manicured green spaces, private patios, large sidewalks, ponds, and a dog park. Designed to enhance community bonds and create a sense of tranquility, Somerset is a desirable neighborhood with a synergetic mix of single-family homes, villas, and townhomes.
builder, this park-like property offers lush landscaping, manicured green spaces, private patios, large sidewalks, ponds, and a dog park. Designed to enhance community bonds and create a sense of tranquility, Somerset is a desirable neighborhood with a synergetic mix of single-family homes, villas, and townhomes.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$787,921
|
$8.45
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $787,921 |
| Annual Per SF | $8.45 |
Property Facts
| Price | $12,992,000 | Apartment Style | Townhome |
| Price Per Unit | $232,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 8.00 AC |
| Cap Rate | 6.06% | Building Size | 59,248 SF |
| No. Units | 56 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | ||
| Zoning | R-3 (Residential) | ||
| Price | $12,992,000 |
| Price Per Unit | $232,000 |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 8.00 AC |
| Building Size | 59,248 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Zoning | R-3 (Residential) |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Dining Room
- Family Room
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Trash Pickup - Curbside
- Trash Pickup - Door to Door
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 30 | - | 928 |
| 2+2.5 | 15 | - | 1,073 |
| 3+2.5 | 11 | - | 1,424 |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,067,800 | |
| Land Assessment | $25,000 | Total Assessment | $5,092,800 |
Property Taxes
Parcel Numbers
Land Assessment
$25,000
Improvements Assessment
$5,067,800
Total Assessment
$5,092,800
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