322 S Columbia Street Warsaw, IN 46580 Contingent

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Angie Johnson Hartley
Angie Johnson Hartley
(574) 265-6012
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Fourplex • 134Y Old

$280,000

322 S Columbia Street

5 Bedrooms
4 Bathrooms
2988 sqft
0.20 Acres
Property Description

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.

Directions

From Detroit St - IN 15, head south, turn right onto E Winona Ave, turn right onto S Columbia St, property is on the left

Map to 322 S Columbia Street, Warsaw, IN 46580

Property
MLS # 202405091
Status Cont-AccptngBackupOffers
Property Type Investment
Property SubType Fourplex
Finished Square Feet 2988 sqft
Total Square Feet 3756 sqft
New Construction No
Style Two Story
Type Fourplex
Basement Yes
Bedrooms 5
Bathrooms 4
Annual Taxes $2,199.96
Year Taxes Payable 2024
Year Built 1890
Virtual Tour propertypanorama.com »
Days on Market 65
Room Dimensions
Living Room 2 × 0 Level
Family Room 1524 × 1356 Level
Kitchen 1251 × Level
4th Bedroom 2 × 2 Level
5th Bedroom 4 × 4 Level
Bathroom Locations
Full Baths 5 Main
External Features
Construction Fourplex
Lot Size 8,712 sq ft
Acreage 0.20 Acres
Lot Dimensions 66X132
Fence None
Location
Area Kosciusko County
County Kosciusko
Subdivision Hood & Britton
Township Wayne
City Warsaw
State IN
Zip 46580
Schools
School District Warsaw Community
Elementary Washington
Middle School Edgewood
High School Warsaw
Financial
Assoc. Dues $0.00 Not Applicable

MLS# 202405091.
Listing Provided Courtesy of James Bausch
RE/MAX Results- Warsaw
Cell: 574-742-4531

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated Wednesday, April 24th, 2024 at 2:30 AM EDT.

Learn More About 322 S Columbia Street

Presented By
Angie Johnson Hartley
Angie Johnson Hartley
(574) 265-6012
Email
Agent to Contact

By clicking "Message Agent", you agree to be contacted by Brian Peterson Real Estate about your request. Please see our Privacy Policy.