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3703 Chestnut St 3.62 Acres of Commercial Land Offered at $678,000 in Fort Wayne, IN 46803
Investment Highlights
- 19 parcels with 6 income-producing dwellings on 3.62 acres available!
- Encompassing almost one square block, location is a quiet neighborhood with multiple curb-cuts
- The City of Fort Wayne just installed new roads and sidewalks
- Adjacent to Industrial and Commercial zones, the property is near some of the city's major industrial employers
- High potential to build additional homes or develop for commercial or industrial use
- Equidistant from Downtown Fort Wayne and New Haven, this area offers low cost of living for any renter
Executive Summary
Property Facts
| Price | $678,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Total Lot Size | 3.62 AC | |
| No. Lots | 1 | No. Stories | 2 |
| Zoning | R-1 & C-2 - Residential & Commercial | ||
| Price | $678,000 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 3.62 AC |
| No. Stories | 2 |
| Zoning | R-1 & C-2 - Residential & Commercial |
1 Lot Available
Lot
| Price | $678,000 | Lot Size | 3.62 AC |
| Price Per AC | $187,292.82 |
| Price | $678,000 |
| Price Per AC | $187,292.82 |
| Lot Size | 3.62 AC |
19 parcels with 6 income-producing dwellings on 3.62 acres - almost 1.5 city blocks.
Description
Introducing a residential rental portfolio opportunity in Fort Wayne, IN. The investment boasts 5 income-producing single-family homes within a quiet neighborhood situated on 3.23 acres of land. This expansive property offers ample rental potential and opportunity to add more dwellings on parcels with existing curb-cuts. With new roads and sidewalks recently installed by the city, this area is ideal for rentals being equidistant between Downtown Fort Wayne and New Haven with direct proximity to major employers. This opportunity is ideal for the savvy Multifamily/Single Family Rental Portfolio investor seeking an attractive income stream with Section 8 potential.
Property Taxes
| Parcel Numbers | Improvements Assessment | $318,900 | |
| Land Assessment | $223,800 | Total Assessment | $542,700 |
Property Taxes
Presented by
3703 Chestnut St
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