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3500 Warsaw St 20 Unit Apartment Building $1,700,000 ($85,000/Unit) 6.74% Cap Rate Fort Wayne, IN 46806
Executive Summary
The property offers dependable cash flow with the potential for future revenue growth through allowable rent adjustments. With full occupancy, a uniform unit mix, and straightforward operations, this asset represents an attractive investment opportunity for buyers seeking stable multifamily performance and long-term income potential.
Property Facts
| Price | $1,700,000 | Apartment Style | Garden |
| Price Per Unit | $85,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.04 AC |
| Cap Rate | 6.74% | Building Size | 10,668 SF |
| No. Units | 20 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $1,700,000 |
| Price Per Unit | $85,000 |
| Sale Type | Investment |
| Cap Rate | 6.74% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.04 AC |
| Building Size | 10,668 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Zoning | R3 |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Kitchen
- Oven
- Range
- Carpet
- Grill
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 670 |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02-12-13-302-003.000-074 | Improvements Assessment | $369,600 |
| Land Assessment | $22,500 | Total Assessment | $392,100 |
Property Taxes
Parcel Number
02-12-13-302-003.000-074
Land Assessment
$22,500
Improvements Assessment
$369,600
Total Assessment
$392,100
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