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Todd Martin

indianabroker@callitclosed.com +1(833) 242-7007

Listed by Jordan Wildman • eXp Realty, LLC • Home: 260-498-0384

$ 289,900

Est. payment -/mo

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Active

3718 S Wayne AVE Fort Wayne, IN 46807

5 Beds

3 Baths

2,696 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Site-Built Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,696 sqft

Subdivision Nindes

MLS Listing ID IRM202639696

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1930

Annual Tax Amount $3,134

Tax Year 2026

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 60X138

Property Sub-Type Site-Built Home

Property Description

Investment Highlights Turn-Key Cash Flow: Grossing $2,885/month across three distinct, fully occupied units. Prime 07 Location: Nestled on historic South Wayne Ave, immediately adjacent to the highly desirable Illsley Place and Oakdale historic neighborhoods. Legal Triplex: Fully compliant with an established legal triplex variance in place. Utility Efficiency: All utilities are set up on RUBS (Ratio Utility Billing System) for seamless tenant expense pass-throughs. Low Maintenance Exterior: Features durable aluminum siding and a clean, solid exterior profile. Extensive Capital Improvements & Upgrades Roofing: Complete peace of mind with a brand-new shingle roof equipped with gutter guards, plus a new flat roof section. HVAC & Systems: Brand-new furnaces and central A/C units (all units enjoy Central Air; 1 shared high-efficiency heater for upper levels). Gas line was fully repaired/updated just a few years ago. Structural: Foundation wall professional restoration completed. Interior: Complete top-to-bottom interior remodel across all units featuring updated kitchens, modern bathrooms, refreshed flooring, and updated fixtures. Unit Breakdown & Layouts Unit 1 (Main Level - HUGE): Layout: 3 Bedrooms | 1 Full Bathroom (Boasts over 1,200+ sq. ft.) Features: A true showstopper featuring a gorgeous light-filled Solarium Room, expansive living and dining areas, character-rich details, and generous bedroom sizes. Unit 2 (Upper Level): Layout: 1 Bedroom | 1 Full Bathroom Features: Fully remodeled 1-bed layout with stylish finishes and central air. Unit 3 (Upper Level): Layout: 1 Bedroom | 1 Full Bathroom Features: Efficient, fully remodeled 1-bed unit with high tenant demand. On-Site Amenities & Value-Add Potential Coin-Operated Laundry: On-site coin laundry facility located in the huge basement, providing a steady stream of passive bonus income. Bonus Storage: Large basement offers potential for tenant storage lockers or additional owner storage. Future upside in rent increases given the top-tier location and fresh remodel. A rare, fully remodeled 3-unit property in Fort Wayne's booming 46807 zip code.

Location

State IN

County Allen County

Rooms

Basement Full, Unfinished

Interior

Heating Gas, Forced Air

Inclusions Dishwasher, Refrigerator, Range-Electric

Fireplace N

Exterior

View Y/N true

Building

Lot Description Level

Story Two

Sewer Public Sewer

Water City

Level or Stories Two

New Construction No

Schools

Elementary Schools Harrison Hill

Middle Schools Kekionga

High Schools South Side

School District Fort Wayne Community

Others

Pets Allowed No

Tax ID 02-12-14-310-019.000-074

Acceptable Financing IRM202639696

Listing Terms IRM202639696

Special Listing Condition None

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Todd Martin

Broker

+1(833) 242-7007 | indianabroker@callitclosed.com

Todd Martin

3718 S Wayne AVE Fort Wayne, IN 46807

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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3718 S Wayne AVE