Crossroads New Haven offers 1031 exchange investors a to-be-built triplex at 2112 Cinema Xing in the New Haven area of Fort Wayne, Indiana, a market known for stable rental demand and strong rent-to-value fundamentals. Each of the three units is a 1,506-square-foot, 3-bedroom, 2.5-bath townhome with a garage, for 4,518 square feet in total, and finishes include granite countertops, stainless appliances, and walk-in closets. Priced at $780,000 ($260,000 per unit) against a projected completed value of $825,000, the property is projected to generate $75,600 in annual gross rent ($2,100 per unit) and a 7.8% Year 1 cap rate, helped by a property tax abatement already in place. Although the property is pre-construction (about 9 months from closing), exchangers can still use it as replacement property through an improvement (build-to-suit) exchange: a qualified intermediary or exchange accommodation titleholder holds title during construction, and the land plus the value of improvements completed before the property is transferred to you, within the 180-day exchange period, can count toward your exchange. With 75% financing on a 30-year loan, the projected total cash requirement is $237,462, which includes a construction interest reserve. Investors should consult their qualified intermediary and tax advisor to structure the exchange. All projections are estimates and should be independently verified.