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Investment Highlights

  • Built in 2024, 56 garden and 2-story townhome units
  • Community includes private dog park, manicured landscapes, and pond views
  • Several items are still under original warranty
  • 3 Floorplan designs ranging from 928-1,424 SF
  • Built by prominent luxury home builder with high end finishes.
  • Units include granite countertops, wood cabinetry, Samsung appliances, in-unit washer/dryer, cathedral ceilings, plank flooring, and open floorplans

Executive Summary

Invest in luxury living redefined at Somerset Townhomes & Villas, located in one of the fastest growing areas of Fort Wayne. Built in 2024 by Fort Wayne's premier luxury home
builder, this park-like property offers lush landscaping, manicured green spaces, private patios, large sidewalks, ponds, and a dog park. Designed to enhance community bonds and create a sense of tranquility, Somerset is a desirable neighborhood with a synergetic mix of single-family homes, villas, and townhomes.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $1,107,265 $11.88

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $1,107,265
Annual Per SF $11.88

Property Facts

Price $18,257,658 CAD
Price Per Unit $326,030 CAD
Sale Type Investment
Cap Rate 6.06%
No. Units 56
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 8.00 AC
Building Size 59,248 SF
No. Stories 2
Year Built 2024
Zoning R-3 (Residential)

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Dining Room
  • Family Room
  • Freezer

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Pet Play Area
  • Trash Pickup - Curbside
  • Trash Pickup - Door to Door
  • Walking/Biking Trails
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 30 - 928
2+2.5 15 - 1,073
3+2.5 11 - 1,424
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 02-02-31-101-023.003-091
  • 02-02-31-101-018.001-091
  • 02-02-31-101-022.000-091
  • 02-02-31-101-017.001-091
  • 02-02-31-101-023.002-091
Land Assessment
$35,133 CAD
Improvements Assessment
$7,121,779 CAD
Total Assessment
$7,156,912 CAD
  • Listing ID: 41278351

  • Date on Market: 2026-07-14

  • Last Updated:

  • Address: 3115 Carroll Rd, Fort Wayne, IN 46818

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