The Cottages at Bridgewater
Income-Producing Investment | 53 Unit Age-Restricted Community
Marketing description
Sturges Property Group has been appointed the exclusive agent for the sale of The Cottages at Bridgewater, a rare opportunity to acquire a stabilized, income-producing 55+ garden-style community in one of the most desirable suburban corridors of Fort Wayne, Indiana. The property features 53 well-maintained units along with 1.775 acres of adjacent land, offering both immediate cash flow and future expansion potential.
The asset currently generates approximately $500,000 in net operating income, with strong occupancy under current ownership. Rents remain below comparable properties in the surrounding submarkets, presenting a clear opportunity to increase rates and drive additional revenue.
The garden-style layout and age-restricted tenancy create a differentiated product in the southwest Fort Wayne market, appealing to a growing demographic of downsizing renters seeking low-maintenance living. The included adjacent land can support approximately 22 additional units, providing a compelling value-add opportunity through phased development and long-term growth.
Contact Broker to sign a CA to view financials.
Investment highlights
- 53 total garden-style units
- 100% occupied
- 55+ community
- Expansion potential with adjacent 1.775 AC
- Stable in-place cash flow
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