EASTWOOD POINTE
3710 East Paulding Road, Fort Wayne, IN 46816
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$1,850,000
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271
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177,412 SF
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$6,826.57
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Multifamily
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Garden/Low-Rise
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Investment
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9.12%
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1.43
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1965
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22 AC
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Attachments
Highlights
- Bank-Directed Sale ~ 271 Garden-Style Units
- $6826 Price/Unit ~Financial Info Based on Actuals
- 60% Occupancy ~ Upside Potential
- Tenants Pay Heat
Description
271 Garden Style apartment units consisting of efficiency, 1, 2, and 3 Bedrooms. 60% Occupied. Possible upside in leasing up the vacant units. Property does accept Section 8, but currently only 8% of tenants are Section 8.
Eastwood Point is nestled in the outskirts of the SE quadrant of Fort Wayne. It is located within the city limits but has the feeling of a country property, with lots of privacy and mature trees. The SE quadrant is primarily residential with most of the population being blue collar. Located on the east end of a primary thoroughfare in the south part of Fort Wayne, Eastwood Point is only minutes from a new commercial development which includes a Walmart and Menards.
Financial Summary
Unit Mix Information
Debt & Equity Information
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Proforma
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$770,494
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$168,729
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$168,729