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515 Lavina Street

Fort Wayne, IN 46802
  • $500,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 202425442
UPDATED: 133 min ago
$500,000
  • 5
    BEDS
  • 0.12
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,360
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Ashley Davidson of CENTURY 21 Bradley Realty, Inc: Cell: 260-416-2972.

Description

Here is an amazing opportunity to own a 5-plex near parkview field, Electric works, and The Fairfield wedding venue (opening summer of 2024) this property is part of The Fairfield ecosystem, as their wedding guests will be searching for accomodations near the venue. This 5-plex was fully renovated in 2023. This property features 5 units. All units are 1 bed 1 bath, and boasts new updated appliances! This property also features fully updated kitchens, bathrooms, and new flooring throughout! 4 units are currently listed on Airbnb with an impressive 90% occupancy rate! The 5th unit is currently leased through 2025. Airbnb bookings are still being accepted and managed by a property management company! Don't miss the opportunity to purchase a turn key business and build your investment portfolio!

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© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Reagan Homes | Blackrock Real Estate Services. Data last updated: 2024-07-24T14:28:24.33.

www.teamreaganhomes.com/homes/152482313
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515 Lavina Street Fort Wayne, IN 46802

  • Price: $500,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 133 min ago
  • MLS #: 202425442
5
Beds
5
Baths
0
½ Baths
0.12
Acres
2,360
SQFT
$212
$/SQFT
1900
Built
Neighborhood:
G W Ewings
County:
Allen
Area:
Allen
Elementary School:
Washington
Middle School:
Portage
High School:
Wayne
School District:
Fort Wayne Community
Property Description
Here is an amazing opportunity to own a 5-plex near parkview field, Electric works, and The Fairfield wedding venue (opening summer of 2024) this property is part of The Fairfield ecosystem, as their wedding guests will be searching for accomodations near the venue. This 5-plex was fully renovated in 2023. This property features 5 units. All units are 1 bed 1 bath, and boasts new updated appliances! This property also features fully updated kitchens, bathrooms, and new flooring throughout! 4 units are currently listed on Airbnb with an impressive 90% occupancy rate! The 5th unit is currently leased through 2025. Airbnb bookings are still being accepted and managed by a property management company! Don't miss the opportunity to purchase a turn key business and build your investment portfolio!
Exterior Features

Exterior Brick Lot Description Level Lot Dimensions 40x136 Outbuilding None Parking Spaces 2 Pool YN No Style Two Story Unit1 Garage Type Detached Waterfront YN No

Interior Features

Above Grade Bedrooms 5 Above Grade Finished Sqft 2360 Above Grade Unfin Sq Ft 0 Amenities BasementCeiling FanOff Street ParkingCountertops-LaminateWater Heater Electric Basement Foundation Partial Basement Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 660 Cooling Wall AC Dishwashers 5 Disposals 0 Dryers 0 Flooring Vinyl Heating Fuel Electricity Microwaves 5 Ranges Ovens 5 Refrigerators 5 Rooms Below Grade 1 Total Baths 5 Total Below Grade Sqft 660 Total Sq Ft 3020 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 4000 Annual Fuel Expense 0 Annual Gross Rent 59000 Annual Insurance Expense 2100 Annual Maint Expense 1500 Annual Misc 6000 Annual Net Income 41719 Annual Property Tax 2181 Annual Trash Expense 500 Annual Water Sewer Exp 1000 Assoc Dues Frequency Not Applicable Auction Y / N No Efficiencies 0 For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 4917 Gross Monthly Rent 4900 Inside City Limits Yes Lease Term Other New Construction No One Bedrooms 5 Owner Pays Building InsuranceCableCoolingElectricFuelHeatingLawn MaintenanceSewerSnow RemovalTaxTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Fiveplex Reo YN No Sale Includes BuildingBusinessLandLease Sewer City Tenant Pays None Three Bedrooms 0 Township Wayne Two Bedrooms 0 Unit1- Garage Y / N Yes Units Rented 5 Water Utility City Year Taxes Payable 2023/2024

Listing provided by Ashley Davidson of CENTURY 21 Bradley Realty, Inc: Cell: 260-416-2972.

© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Reagan Homes | Blackrock Real Estate Services.


© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Reagan Homes | Blackrock Real Estate Services. Data last updated: 2024-07-24T14:28:24.33.

 
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Team Reagan Homes | Blackrock Real Estate Services
179 S Calumet Ave
Chesterton IN, 46304
Listing provided by Ashley Davidson of CENTURY 21 Bradley Realty, Inc: Cell: 260-416-2972.