1 of 13
Tools
Size
5
Bedrooms
4
Full Baths
2,988 Sq Ft.
interior
0.2 Acres
Exterior
Financial
$280,000
Change Currency
$94
Price Per Sqft
Listing Details
Multi Family
Property type
10558981
Web Id
202405091
MLS ID
215
Days Posted
Description
322 S Columbia Street,
Warsaw,
IN
46580
Warsaw, IN 46580
Don't miss out on this exceptional opportunity to enhance your investment portfolio with a fully occupied, updated four-unit apartment, offered at an impressive 11.75% CAP rate. With traditional financing, you can secure nearly a 17% cash on cash return, even after accounting for vacancy, property management, and CapEx. This property is a lucrative addition to any investment strategy. Numerous updates have been made throughout the property, including complete renovations of the detached apartment (Unit D), as well as refreshing flooring, paint, kitchens, baths, and appliances in other units. These enhancements ensure tenant satisfaction and maximize rental potential. For investors seeking a broader portfolio, this property is also available as part of a 14-unit, 3-property portfolio for $960,000, boasting an impressive 12.55% CAP rate and returns exceeding 20%. Check MLS #202405089 for more details. The seller strongly prefers to sell via the entire package, presenting an opportunity to capitalize on a diverse portfolio of income-generating properties. Don't let this opportunity slip away. Take action today to enhance your financial position with this investment opportunity.
This is an Pending listing.
Broker Office Phone Number: 574-269-6911
Copyright © 2024Kosciusko Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Pending listing.
Broker Office Phone Number: 574-269-6911
Copyright © 2024Kosciusko Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Laminate Flooring
Price History
date | price | variance | type |
---|---|---|---|
8/17/2024 | $280,000 | - | Contract |
2/18/2024 | $280,000 | - | Listed |
Listing By: RE/MAX Results- Warsaw via Data Source: Kosciusko Board of Realtors MLS
listing agent: James Bausch