$280,000
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.
From Detroit St - IN 15, head south, turn right onto E Winona Ave, turn right onto S Columbia St, property is on the left
MLS # | 202405091 |
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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 | 70 |
Living Room | 2 × 0 | Level |
Family Room | 1524 × 1356 | Level |
Kitchen | 1251 × | Level |
4th Bedroom | 2 × 2 | Level |
5th Bedroom | 4 × 4 | Level |
Full Baths | 5 Main |
Construction | Fourplex |
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Lot Size | 8,712 sq ft |
Acreage | 0.20 Acres |
Lot Dimensions | 66X132 |
Fence | None |
Area | Kosciusko County |
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County | Kosciusko |
Subdivision | Hood & Britton |
Township | Wayne |
City | Warsaw |
State | IN |
Zip | 46580 |
School District | Warsaw Community |
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Elementary | Washington |
Middle School | Edgewood |
High School | Warsaw |
Assoc. Dues | $0.00 Not Applicable |
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MLS# 202405091. 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 Provided Courtesy of James Bausch
RE/MAX Results- Warsaw
Cell: 574-742-4531
Listing information last updated Monday, April 29th, 2024 at 5:30 AM EDT.