wow, 7k/door, I live there once....

Multifamily Property For Sale

EASTWOOD POINTE

3710 East Paulding Road, Fort Wayne, IN 46816

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• Price:
  $1,850,000
• No. Units:
  271
• Building Size:
  177,412 SF
• Price/Unit:
  $6,826.57
• Property Type:
  Multifamily
• Property Sub-type:
  Garden/Low-Rise
• Property Use Type:
  Investment
• Cap Rate:
  9.12%
• Gross Rent Multiplier:
  1.43
• Year Built:
  1965
• Lot Size:
  22 AC
• Find Out More...

Last Verified  4/20/2012 Listing ID  17373931

Attachments

• Community Document
• PropertyWebsiteURL

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

• Proforma
• Effective Gross Income
  $770,494
• Net Operating Income
  $168,729
• Pre-Tax Cash Flow
  $168,729

所有跟帖： 

• 太羨慕了。鞭長莫及。 -sweetptt- ♂ (0 bytes) () 04/26/2012 postreply 14:54:45

• had some college good time there...lol -jy101- ♂ (0 bytes) () 04/26/2012 postreply 14:56:54

• 即便如此便宜，也不敢接手。將近2米的投入，如果不能盈利就死翹翹了 -關鍵字- ♂ (107 bytes) () 04/26/2012 postreply 15:42:18

• potentially worth 6mil. -jy101- ♂ (244 bytes) () 04/26/2012 postreply 15:54:49

• 還得看市場如何。這麽低的租金入住率隻有60%，說明當地經濟差，市場飽和 -關鍵字- ♂ (108 bytes) () 04/26/2012 postreply 16:01:36

• 如果我接手的話，租金將大幅上漲。信不信由你，這個實在太遠了。I am depressed。LOL。 -sweetptt- ♂ (0 bytes) () 04/26/2012 postreply 16:04:00

• 查了一下，這個城市是印第安納州第二大城市，人口有25萬呢 -關鍵字- ♂ (43 bytes) () 04/26/2012 postreply 16:09:37

• well, the key point is to -zbj8888- ♂ (231 bytes) () 04/26/2012 postreply 16:03:08

• here is my back of envelope cal. ROI 35%. -sweetptt- ♂ (197 bytes) () 04/26/2012 postreply 16:19:17

• its over 1mil in potential rent per year.. -jy101- ♂ (42 bytes) () 04/26/2012 postreply 16:31:34

• 餓死膽小的。 -sweetptt- ♂ (0 bytes) () 04/26/2012 postreply 16:01:05

• 這裏有個相似的，100單位， 要65萬。能買得起的人多一些 -關鍵字- ♂ (329 bytes) () 04/26/2012 postreply 16:36:37

• good deal, sounds like this is a HUD funded project. -jy101- ♂ (326 bytes) () 04/26/2012 postreply 16:57:22

• Can you explain these words? -SunshineInCA- ♀ (230 bytes) () 04/26/2012 postreply 19:31:16

• here is your bathroom reading materials. -jy101- ♂ (2428 bytes) () 04/26/2012 postreply 19:41:11

• 我坐著讀懂了，謝謝。有點意思。 -SunshineInCA- ♀ (39 bytes) () 04/26/2012 postreply 21:00:16

• 這個東西怎麽做？ -johndoe23- ♂ (0 bytes) () 04/26/2012 postreply 22:06:56