2535 Lafayette Street, Fort Wayne, IN 46803 (MLS # 202638885)

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View Virtual Tour Listed with Nathan Mosley, Hosler Realty Inc, Off: 260-347-1158 PRICE $95,000 BEDS 3 BATHS 1 HOME SIZE 1,160 sqft LOT SIZE 4,356 sqft Request More Info Schedule a Showing

Currently rented with a long-term tenant in place, this 3-bedroom, 1-bath Fort Wayne home is a great option for an investor looking for immediate rental income or a future owner-occupant looking for an affordable place to call home. The current lease runs through March 2027, allowing the property to remain a cash-flowing rental or transition to a primary residence after the lease expires. Several major expenses have already been addressed, including a new roof in May 2023 and a new furnace in 2025. The washer, dryer, range, and refrigerator were also replaced approximately six months ago and are included with the sale. The home has approximately 1,160 square feet of living space with 3 bedrooms and 1 full bath. Outside, you'll find a covered front porch, rear deck, mature trees, and a large backyard with plenty of room to enjoy. Although Lafayette Street is a busy thoroughfare, the rear alley provides access to a driveway and off-street parking behind the home. The location is convenient to downtown Fort Wayne and is close to both Reservoir Park and Weisser Park, along with shopping, restaurants, and other amenities. Priced at $95,000, this property provides an affordable opportunity with an established tenant already in place, recent improvements to two major components of the home, and flexibility for either continued investment use or future owner occupancy.