1232 Maumee Avenue Fort Wayne, IN 46803

Are you looking for a long term investment opportunity? Look at this beautiful 8-Plex Apartment Building in a PRIME location directly across from Indiana Institute of Technology (Indiana Tech). Each of the 8 units is a studio style apartment professionally designed and commercially built-out in 2008. These units are designed to specifically house & target Indiana Tech students. The entire building is ran on one gas, one electric, and one water meter. Therefore the owner pays all utilities including trash & internet and there is one all inclusive monthly cost to students, which makes their budgeting easy! First floor units are around $575/mo. and second floor units $600/mo. There are 2 washers & 2 dryers onsite that are coined operated and generate around $450/yr. Students pay their lease based on 10 months and if they plan to return the following year they can use their unit as storage for $100/mo. until they return after summer. New flat roof - 2008. Zoned commercial + windows/doors commercial as well. 2 onsite parking spots available (this could be reconfigured) and there is tons of on street parking next to and nearby.