4,000 Square Foot Multi-Family Space For Sale @ 1212 Putnam St

Sperry Van Ness is pleased to offer for purchase a 8plex apartment building in the Hamilton Park / N. Highlands neighborhood on Fort Wayne's west side. The property is consists of eight (8) apartments: six (6) one-bedroom, one bathroom units and two (2) efficiency units. Many of the units have been rehabbed to include flooring, paint, fixtures, and other quality finishes.

All apartments are 100% occupied. The six (6) one-bedroom units are master leased until 2019 with rents guaranteed by a local non-profit via the Shelter Plus Care Grant. Last annual rent increase of 5% was Nov. 2014. Tenant pays additional rent of $30/month/unit for June, July, & August for Landlord to install window A/C units.

Please do not disturb tenants; showings by appointment only.

This property is one of a package of eight investment properties that can be purchased individually or together as a portfolio.




Sales Info:
■ Commision split: 50.0%

Location Description:
The property is within walking distance to the Kroger shopping center on West State Blvd. and the bus line. Nice residential area close to Hamilton Park.

Highlights:
■ 10% Cap Rate
■ 100% Occupancy
■ Guaranteed Rental Income
■ Suitable For First Time Investor or Experienced Landlord