1226-1228 Elmwood Ave, Fort Wayne, IN 46805

This two-story, 2,866 sq. ft. home is an outstanding opportunity for a novice landlord or the professional investor. Cute and well maintained, this Cape Cod-style home is just around the corner from Lakeside Rose Garden, and a short bike ride to downtown Fort Wayne or the North Anthony Corridor. Right in the heart of the '05 area, this is the perfect property to live in one unit while your tenant pays housing costs and your equity grows. Or, rent out both units and sit back and collect the cash flow. A long-term tenant occupies the three-bedroom, one-bath apartment downstairs and pays $700 per month, plus electric and gas. There is a month-to-month tenant in the upstairs two-bedroom, one-bath apartment paying $500 per month plus utilities. There are separate gas and electric meters. The owner pays the water bill. Both tenants have separate entrances and both have access to basement/laundry. Additional amenities include a fenced backyard and covered back patio for outdoor entertaining. The garage is perfect for storage, and could potentially be rented out. Limited photos available for tenant privacy.