6301-6305 Reed Rd - Apartments FOR SALE


Fort Wayne, IN 46835
$125,000 USD
260-459-3911
6301-6305 Reed Rd, Fort Wayne, IN for Sale
$125,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

6301-6305 Reed Rd
Fort Wayne, IN 46835


HIGHLIGHTS

  • 2 Story Brick Commercial Building Fully Leased
  • Four Total Units - 2 Each Floor
  • Close to YMCA, Shopping and Parks
  • 3 Space Carport, with side street and extra parking uncovered space

OVERVIEW

INVESTMENT POTENTIAL ! This is an ONLINE Multi-Tract Commercial Real Estate Auction. All offers must be submitted ONLINE. The current highest bid amount will be available to the public. The MINIMUM starting bid for each is $ 125,000. The Trustee will review the Highest Offer on Tuesday, November 12 @ 3:00 pm. There will be Two Open House dates to view the properties on Sun. Nov. 3 (1 – 2pm) & Sun. Nov. 10 (1 – 2pm). Special Note: This is a Cash Sale. The sale of this property may be financed; however, the sale of this property IS NOT CONTINGENT to financing approval. Properties may be purchased individually, or as a whole. Interior Floor Plans in Documents, Rental income & info available upon request. TRACT #1 is Located @ 6301 Reed Rd which consists of a 4 Unit Brick Apartment Building with 4,436sqft Living Space on 0.28 acres on corner lot. All units are currently leased in this 2 floor complex close to Parks, Shopping & YMCA with 2,218sqft each level. Two Units consist of 2 Beds / 1 Bath with Living room, Kitchen with Laundry hook-up. Two Units consist of 3 Beds / 1.5 Baths with Living & Family Rooms, Kitchen and separate laundry room. Carport allows 3 spots with additional StreetSide parking for guests. TRACT #2 is Located @ 4717 Furge Dr. which consists of a 4 Unit Brick Apartment Building with 4,436sqft Living Space on 0.28 acres on corner lot. All units are currently leased in this 2 floor complex close to Parks, Shopping & YMCA with 2,218sqft each level. Two Units consist of 2 Beds / 1 Bath with Living room, Kitchen with Laundry hook-up. Two Units consist of 3 Beds / 1.5 Baths with Living & Family Rooms, Kitchen and separate laundry room. Parking consists of 4-6 paved uncovered spaces and additional StreetSide parking for guests.

FOR SALE DETAILS

PRICE

$125,000 USD

PRICE/SF

$10 USD /SF

# OF UNITS

4

PRICE/UNIT

$31,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,831 SF

ZONING

-

APN/PARCEL ID

02-08-17-431-009.000-072,02-08-17-431-010.000-072,02-08-17-431-011.000-072

ASK ABOUT THIS PROPERTY

Kurt NessNess Bros Realtors & AuctioneersMore Info
260-459-3911

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Kurt NessNess Bros Realtors & AuctioneersMore Info
260-459-3911

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.