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4617-4717 Furge Dr

4 Unit Block of Flats £97,912 (£24,478/Unit) Fort Wayne, IN 46835

Investment Highlights

  • Two Story Brick Commercial Building
  • 4 Units, 2 on each floor
  • Fully Leased with Parking Lot
  • Close to YMCA, Shopping and Parks

Executive Summary

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.

Property Facts Under Contract

Price £97,912
Price Per Unit £24,478
Sale Type Investment
Sale Conditions
Design & Build
  • Portfolio Sale
No. Units 4
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.28 AC
Building Size 4,436 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1972
Parking Ratio 1.35/1,000 SF

Unit Amenities

  • Cable Ready
  • Dishwasher
  • Disposal
  • Kitchen
  • Oven
  • Range
  • Carpet

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 2 - 720
2+1.5 2 - 1,386

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-08-17-431-008.000-072
Land Assessment
£10,653
Improvements Assessment
£80,680
Total Assessment
£91,333
  • Listing ID: 33626235

  • Date on Market: 24/10/2024

  • Last Updated:

  • Address: 4617-4717 Furge Dr, Fort Wayne, IN 46835

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