3704 Chestnut St
- 19 parcels with 6 income-producing dwellings on 3.62 acres available!
- Adjacent to Industrial and Commercial zones, the property is near some of the city's major industrial employers
- Encompassing almost one square block, location is a quiet neighborhood with multiple curb-cuts
- High potential to build additional homes or develop for commercial or industrial use
- The City of Fort Wayne just installed new roads and sidewalks
- Equidistant from Downtown Fort Wayne and New Haven, this area offers low cost of living for any renter
Property Description
Introducing a residential rental portfolio opportunity in Fort Wayne, IN. The investment boasts 6 income-producing single-family homes within a quiet neighborhood situated on 3.62 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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $678,000 |
| No. of Units: | 5 |
| Lot Size: | 3.62 Acres |
| Opportunity Zone: | No |
| Price per unit: | $135,600 |
| Property Website | Click Here |
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