Here's a chance to own 1027 Lake Ave. This fully occupied spacious 4 plex is within walking distance to Lakeside Park! The roof is newer and the units are all in fair condition. Long term tenants in place, the new owner will see immediate return on investment. Each unit is rented $450 - $450 - $450 - $420. Owner is currently paying utilities, they run an average of $350-$450 Monthly. 4 Private parking spaces in the back. Please do not bother the tenants.
Closed
$184,000
1027 Lake Ave, Fort Wayne, IN 46805
4beds
2,448sqft
Quadruplex
Built in 1900
-- sqft lot
$225,700 Zestimate®
$--/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: July 14, 2023 at 11:39am
Listed by:
Brandon C Stone Cell:260-446-5159,
CENTURY 21 Bradley Realty, Inc
Bought with:
Michael Wyss
CENTURY 21 Bradley Realty, Inc
Source: IRMLS,MLS#: 202312558

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Hot Water
Cooling
- Window Unit(s)
Features
- Flooring: Carpet, Vinyl Tile, Vinyl
- Basement: Unfinished
Interior area
- Total structure area: 5,548
- Total interior livable area: 2,448 sqft
- Finished area above ground: 2,448
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Private
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered
Lot
- Size: 6,534 sqft
- Dimensions: 45x150
- Features: Planned Unit Development, City/Town/Suburb, Near Walking Trail
Details
- Additional structures: None
- Parcel number: 021201135020.000074
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Aluminum Siding
- Foundation: Basement
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: AEP/I&M
- Gas: NIPSCO
- Sewer: City
- Water: City, Fort Wayne City Utilities
Community & neighborhood
Location
- Region: Fort Wayne
- Subdivision: Lakeside Park
HOA & financial
Other financial information
- Total actual rent: 21240
Other
Other facts
- Listing terms: Cash,Conventional
Services availability

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$225,700
2% more+ $4,514
With Zillow Showcase(estimated)
$230,214