248-932-0300
1909 Hazelwood Ave, Fort Wayne, IN for Sale
Apartments - FOR SALE
1/32
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1909 Hazelwood Ave
Fort Wayne, IN 46805
Frances Slocum


OVERVIEW

FOR SALE Stratford Place Apartments were built in 1962 and have been well maintained over the years. This community boasts 54 spacious apartment homes. The unit mix consists of 32 one-bedroom, one-bath apartments, 12 two-bedroom, onebath apartments, 8 two-bedroom, one-bath townhomes and 2 three-bedroom, 2 1/2 -bath townhomes. The property provides significant value-add potential by continuing unit upgrades. All units have received ‘heavy-turns’ while over 20 units have been fully updated.. Renovated units are achieving higher rents than standard units. Even at this level the property is still under market rent. PLEASE INQUIRE FOR THE OFFERING MEMORANDUM AND OPERATING DATA.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

54

CAP RATE

Request Cap Rate

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stratford Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

50

LAND DETAILS

LAND ACRES

3.63 AC

LAND SF

158,123 SF

ZONING

RM

APN/PARCEL ID

02-08-30-352-005.000-074,02-08-30-353-007.000-074,02-08-30-376-021.000-074,02-08-30-380-001.000-074

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Kevin JahnkeIncome Property OrganizationMore Info
248-932-0300

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Kevin JahnkeIncome Property OrganizationMore Info
248-932-0300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.