About 7321 Ideal Avenue
Rare Triplex Investment Opportunity | Outstanding Cash-Flow Potential Welcome to a high-yield, turn-key investment property designed for maximum flexibility and immediate returns! This versatile multi-family triplex features three distinct rental units, strong rental history, and a central layout that maximizes privacy for all tenants. Whether you are looking to add a reliable cash-flowing asset to your portfolio or live in one unit while leasing out the others, this property is a rare find in today's market. Unit Breakdown & Layout Unit A (Main & Upper Level - Front of House): Layout: 3 Bedrooms | 1.5 Bathrooms Features: Spans two stories at the front of the home. Includes direct access to the basement, access to the attached house garage, and direct entry to the shared common laundry room. Heating & Cooling: Gas Forced Air | Wall A/C unit (recently updated, under 2 years old). Unit B (Ground Level - Left Side): Layout: Studio Apartment | 1 Full Bathroom Features: Convenient side-entry studio layout partially built on a slab. Low-maintenance footprint with cozy single-level living. Heating & Cooling: Electric Baseboard | Window A/C. Unit C (Ground Level - Right Rear): Layout: 1 Bedroom | 1 Full Bathroom Features: Situated at the right rear of the structure, positioned above the attached garage space. Quick access to the adjacent shared laundry area. Heating & Cooling: Gas Forced Air | Window A/C. ? Property Upgrades, Mechanicals & Utilities Utilities & Billing: Units feature separate electric metering. Gas and water/trash are metered and billed via a Ratio Utility Billing System (RUBS), allowing for simple and fair expense pass-throughs. Mechanical Systems: Gas forced-air furnaces (approx. 15 years old) and electric water heaters (estimated 5–10 years old). Exterior & Grounds: Low-maintenance aluminum siding, a low-maintenance yard, and a large yard area featuring a shared swing set. Parking & Storage: Unit A includes 1 attached garage space. Additional off-street parking options for Units B & C. Property features a 2nd detached garage plus an outdoor storage shed.
Features of 7321 Ideal Avenue
| MLS® # | 202638660 |
|---|---|
| Price | $269,900 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Full Baths | 3 |
| Half Baths | 1 |
| Square Footage | 2,412 |
| Acres | 0.64 |
| Year Built | 1925 |
| Type | Residential |
| Sub-Type | Site-Built Home |
| Style | Traditional, Other |
| Status | Active |
Community Information
| Address | 7321 Ideal Avenue |
|---|---|
| Subdivision | Waynedale |
| City | Fort Wayne |
| County | Allen County |
| State | IN |
| Zip Code | 46809 |
Amenities
| # of Garages | 2 |
|---|---|
| Garages | Attached |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood Floors, Carpet, Laminate, Tile, Vinyl |
|---|---|
| Heating | Electric, Gas |
| Cooling | Wall AC, Window |
| Fireplace | No |
| Fireplaces | None |
| Stories | Two Story |
| Has Basement | Yes |
| Basement | Cellar, Full Basement, Walk-Out Basement, Partially Finished, Outside Entrance |
Exterior
| Exterior | Aluminum |
|---|---|
| Lot Description | Level |
| Roof | Shingle |
| Construction | No |
| Foundation | Block, Poured Concrete |
School Information
| District | Fort Wayne Community |
|---|---|
| Elementary | Waynedale |
| Middle | Portage |
| High | Wayne |
Additional Information
| Days on Market | 2 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Not Applicable |
Listing Details
| Agent | Jordan Wildman |
|---|---|
| Office | eXp Realty, LLC |
| Contact Info | Home: 260-498-0384 |