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3660 E Paulding Rd
Fort Wayne, IN 46816
The Meridian (Waterloo Gardens) · Multifamily Property For Sale
·
270 Units
PROPERTY FACTS
| No. Units | 270 | Building Size | 210,584 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1966/2019 |
| Building Class | B | Parking Ratio | 1.25/1,000 SF |
| Lot Size | 21.73 AC | ||
| Zoning | R-3 | ||
| No. Units | 270 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 21.73 AC |
| Building Size | 210,584 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2019 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Property Manager on Site
- Walking/Biking Trails
ABOUT 3660 E PAULDING RD , FORT WAYNE, IN 46816
There are currently 5 down units that could be made rent-ready at a cost of $5000 per unit bringing it to a total of 275 units. 3 Units currently being used for storage at the front of the property that could be units again. The property has 6 maintenance personnel, 1 leasing agent, and 1 manager. Each 2 story building has coin-operated laundry. Some units have W/D connections. Waterloo Apartments are nestled in the outskirts of the SE quadrant of Fort Wayne. It is located within the city limits but has the feeling of a country property, with lots of privacy and mature trees. The SE quadrant is primarily residential with most of the population being blue collar. Located on the east end of a primary thoroughfare in the south part of Fort Wayne, Waterloo Apartments are only minutes from a new commercial development which includes a Walmart and Menard's.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 148 | - | 628 |
| 2+2 | 86 | - | 984 |
| 3+2 | 25 | - | 1,133 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,403,800 | |
| Land Assessment | $220,100 | Total Assessment | $3,623,900 |
PROPERTY TAXES
