Rent report generated Feb 24, 2025
The Rent Potential of
1015 Union St Fort Wayne, IN
is $1,150 – $1,750/mo.
Rent Advice
This Fort Wayne property shows promising rental potential. With an estimated monthly rent range of $1,150 to $1,750 based on local comps, it could generate annual revenue between $13.8K and $21K. The neighborhood's median listing price of $233.8K suggests a favorable market for investors. The home's charming features, including its 1910 construction and 2-story layout, could attract tenants seeking character. However, its age may require ongoing maintenance.
To maximize rental income, consider modernizing the kitchen and bathrooms while preserving the home's historic charm. Adding energy-efficient appliances could reduce utility costs and appeal to eco-conscious renters. If selling, highlight the property's investment potential and recent appreciation trend. The current owner might explore a cash-out refinance to fund improvements, potentially increasing both rental income and resale value.
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