7506 Ideal Ave | Fort Wayne, IN 46809
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- LoopNet Team
7506 Ideal Ave
Fort Wayne, IN 46809
Ideal Apartments · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Close to Major Employers - Amazon, GM, IU Health & More
- 20% YoY Gross Rent increase 2021-2022
- $250000+ Invested Capex Since 2018 / Extremely Low Operating Costs
- Largest Studio Apts in MSA + Sought After Murphy Beds
- High Historical Occupancy
- Interiors Renovated & Updated / All New Mechanical Systems
PROPERTY FACTS
| No. Units | 24 | Building Size | 18,704 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1961/2020 |
| Building Class | C | Parking Ratio | 1.76/1,000 SF |
| Lot Size | 1.00 AC | ||
| Zoning | R-3 - Residential | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 18,704 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2020 |
| Parking Ratio | 1.76/1,000 SF |
| Zoning | R-3 - Residential |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | $565.00 | 500 |
| 1+1 | 12 | $715.00 | 650 |
| 2+1 | 3 | $775.00 | 750 |
PROPERTY TAXES
| Parcel Number | 02-12-33-177-003.000-074 | Improvements Assessment | $626,500 |
| Land Assessment | $23,900 | Total Assessment | $650,400 |
PROPERTY TAXES
Parcel Number
02-12-33-177-003.000-074
Land Assessment
$23,900
Improvements Assessment
$626,500
Total Assessment
$650,400
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