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Map

Directions

Heading S on IN 15, turn left onto W 700 S, continue onto Section St, Turn right onto S Main St, property is on the right.

Description

Standing tall and full of character, this solid building offers a strong potential for ROI. Recent updates enhance its appeal, and the large, spacious units make for highly desired apartments, ensuring tenant satisfaction. With separate gas and electric utilities, the owner avoids additional utility costs, while city water and sewer eliminate concerns about costly well or septic issues. Currently operating as a four-unit property, there’s exciting potential to expand to six units, increasing your earning possibilities. Additional income streams could include coin-operated laundry facilities, self-storage spaces, or even more units. The property also features newer mechanicals and gas water heaters for added efficiency and reliability. Don’t miss this rare chance to own a versatile, income-generating property.

Details

  • Property Details

  • MLS #:
    202445834
  • Price
    $400,000
  • Bedrooms
    10
  • Baths Total
    6
  • Full Baths
    6
  • Half Baths
    0
  • Approx. Lot Size Acres
    0.14
  • Approx. Lot Size SqFt
    6,098
  • Class
    Investment
  • DOM
    16
  • Lot Dimensions
    90X66
  • New Construction
    No
  • Parcel ID#
    43-15-20-100-015.000-002
  • Property Sub-Type
    Apartment Building
  • State
    IN
  • Style
    Two Story
  • Subdivision
    None
  • Total Finished SqFt
    6,204
  • Total SqFt
    9,306
  • Year Built
    1925
  • Zip
    46510
  • Interior Features

  • Below Grade Finished SqFt
    0
  • Other Features

  • Pool Y/N
    No
  • Waterfront Y/N
    No

Last updated: December 26 2024, 6:43 PM

Listing courtesy of: James Bausch, RE/MAX Results- Warsaw

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. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

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