721 Putnam Street
Property Description
Investment opportunity just moments from downtown Fort Wayne. This fully occupied duplex features two separate 2-bedroom, 1-bath units, both currently rented with established long-term tenants, offering immediate rental income from day one. The property also includes convenient off-street parking. The first-floor unit features furnace heat and window air conditioning, while the second-floor unit offers baseboard heat and window air conditioning. Located near downtown amenities and an area seeing continued investment and expansion around the Rivergreenway, this property offers convenient access to recreation, employment, shopping, dining, and entertainment. With rental numbers that well exceed the 1% rule, this duplex presents an attractive opportunity for investors looking to add a solid cash-flowing property to their portfolio.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $150,000 |
| No. of Units: | 2 |
| Year Built: | 1900 |
| Lot Size: | 1,812.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $75,000 |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-FWAARIN-202632650
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