About 1011 Lake Avenue
*Open House Tuesday October 14 from 4-6pm* Turnkey 4-Plex, fully occupied generating $3,497 monthly income, ideally located within walking distance of Lakeside Park. Exterior freshly painted in 2024. All units rehabbed prior to tenant move-in, featuring updated paint, carpet and appliances as needed. Two of four tenants have been in place since 2023 and the other two moved in this year. This well-maintained, income-producing property is a must-see investment opportunity. Option to purchase additional property at 1027 Lake Ave. Tenants require 48-hour notice for showings and will be present. Owner covers water & gas, averaging $252 per month. Off-street parking in rear.
Features of 1011 Lake Avenue
| MLS® # | 202540712 |
|---|---|
| Price | $320,000 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,300 |
| Acres | 0.16 |
| Year Built | 1905 |
| Type | Multifamily |
| Sub-Type | Fourplex |
| Status | Active |
Community Information
| Address | 1011 Lake Avenue |
|---|---|
| Subdivision | Lakeside Park |
| City | Fort Wayne |
| County | Allen County |
| State | IN |
| Zip Code | 46805 |
Amenities
| Features | Off Street Parking, Porch Covered, Water Heater Gas |
|---|---|
| Parking Spaces | 4 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Laminate |
|---|---|
| Heating | Gas, Forced Air |
| Cooling | None |
| # of Stories | 2 |
| Stories | Two Story |
| Has Basement | Yes |
| Basement | Full Basement, Unfinished |
Exterior
| Exterior | Wood |
|---|---|
| Lot Description | Level |
| Construction | No |
School Information
| District | Fort Wayne Community |
|---|---|
| Elementary | Forest Park |
| Middle | Lakeside |
| High | North Side |
Additional Information
| Days on Market | 5 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Not Applicable |
Listing Details
| Agent | Rachel Morgan-hamilton |
|---|---|
| Office | Beach Vibes Realty |
| Contact Info | rachelmh.realty@gmail.com |