1005 Cottage Avenue, Fort Wayne, IN 46807
Local realty services provided by:ERA Crossroads
Listed by: edmond jemison, edmond jemisonCell: 260-515-3438
Office: century 21 bradley realty, inc
MLS#:202624367
Source:Indiana Regional MLS
Price summary
- Price:$159,900
- Price per sq. ft.:$82.59
About this home
Investor opportunity in the heart of Fort Wayne's desirable 46807 district (TENANT ALREADY IN PLACE) ! This well-maintained 3-bedroom, 1-bath two-story home offers immediate cash flow with a tenant already in place through March 2027 at $1,600 per month, creating a turnkey investment with stable income from day one.Located just minutes from Electric Works, downtown Fort Wayne, restaurants, entertainment, parks, and major employment centers, this property combines historic character with numerous updates completed during the current ownership period. Improvements include a remodeled kitchen with updated cabinetry and countertops, remodeled bathroom, updated flooring, refreshed interior and exterior finishes, and freshly painted front porch accents. Major mechanical updates include a new furnace and central air conditioning installed in 2022, with the HVAC system professionally serviced on June 19, 2026. Additional updates include a refrigerator and stove installed in 2022, along with a washer and dryer added in 2025.The property also benefits from a structural engineer assessment completed in 2022 regarding the basement, providing additional information and peace of mind for future ownership.The home offers approximately 1,408 square feet, spacious bedrooms, a dedicated dining room, basement storage, detached garage with alley access, a large covered front porch, and a generously sized lot. Investors will appreciate the opportunity to acquire a performing asset with an established tenant already in place, reducing vacancy concerns and providing predictable income from day one.Whether you're expanding your portfolio or seeking a well-maintained investment property in one of Fort Wayne's most active growth corridors, 1005 Cottage Avenue presents an excellent opportunity to secure a leased property with proven rental income and substantial recent improvements.Tenant occupied through March 2027. Lease available upon request. Minimum 24-hour notice required for all showings, and showings to only be on Tuesdays. Property is being sold AS-IS. Some photos have been digital staged for tenant privacy....
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Home facts
- Year built:1906
- Subdivision & Development:Weber(s)
- Listing ID #:202624367
- Added:53 day(s) ago
- Updated:August 12, 2026 at 03:38 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:8
- Flooring:Carpet, Laminate
- Dining Description:Main Level
- Kitchen Description:Cooktop-Electric, On Main Level, Range-Electric, Range/Oven Hookup, Refrigerator
- Basement Description:Partial Basement, Unfinished
- Living area:1,408 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:1906
- Building area:1,408 sq. ft.
- Lot area:0.13 Acres
- Lot Features:Level, Wooded
- Architectural Style:Foursquare, Traditional, Two Story
- Construction Materials:Masonite, Wood
- Exterior Features:Patio Covered
- Levels:2 Stories
Schools
- High school:South Side
- Middle school:Portage
- Elementary school:South Wayne
Utilities
- Water:City
- Sewer:City
Finances and disclosures
- Price:$159,900
- Price per sq. ft.:$82.59
- Tax amount:$1,769
Features and amenities
- Laundry features:Dryer Hook Up Electric, Main Floor Laundry, Washer Hook-Up
- Amenities:Cable Ready, Closet(s) Walk-in, Countertops-Laminate, Sidewalks
Parking
- Parking description:Detached, Gravel Driveway
- Garage spaces:1
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