3718 S Wayne Ave, Fort Wayne, IN 46807

Description

Investment Highlights
Turn-Key Cash Flow: Grossing $2,885/month across three distinct, fully occupied units.

Prime 07 Location: Nestled on historic South Wayne Ave, immediately adjacent to the highly desirable Illsley Place and Oakdale historic neighborhoods.

Legal Triplex: Fully compliant with an established legal triplex variance in place.

Utility Efficiency: All utilities are set up on RUBS (Ratio Utility Billing System) for seamless tenant expense pass-throughs.

Low Maintenance Exterior: Features durable aluminum siding and a clean, solid exterior profile.

Extensive Capital Improvements & Upgrades
Roofing: Complete peace of mind with a brand-new shingle roof equipped with gutter guards, plus a new flat roof section.

HVAC & Systems: Brand-new furnaces and central A/C units (all units enjoy Central Air; 1 shared high-efficiency heater for upper levels). Gas line was fully repaired/updated just a few years ago.

Structural: Foundation wall professional restoration completed.

Interior: Complete top-to-bottom interior remodel across all units featuring updated kitchens, modern bathrooms, refreshed flooring, and updated fixtures.

Unit Breakdown & Layouts
Unit 1 (Main Level - HUGE):

Layout: 3 Bedrooms | 1 Full Bathroom (Boasts over 1,200+ sq. ft.)

Features: A true showstopper featuring a gorgeous light-filled Solarium Room, expansive living and dining areas, character-rich details, and generous bedroom sizes.

Unit 2 (Upper Level):

Layout: 1 Bedroom | 1 Full Bathroom

Features: Fully remodeled 1-bed layout with stylish finishes and central air.

Unit 3 (Upper Level):

Layout: 1 Bedroom | 1 Full Bathroom

Features: Efficient, fully remodeled 1-bed unit with high tenant demand.

On-Site Amenities & Value-Add Potential
Coin-Operated Laundry: On-site coin laundry facility located in the huge basement, providing a steady stream of passive bonus income.

Bonus Storage: Large basement offers potential for tenant storage lockers or additional owner storage.

Future upside in rent increases given the top-tier location and fresh remodel.

A rare, fully remodeled 3-unit property in Fort Wayne's booming 46807 zip code.