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Map

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

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.

Details

  • Property Details

  • MLS #:
    202405091
  • Price
    $280,000
  • Bedrooms
    5
  • Baths Total
    4
  • Full Baths
    4
  • Half Baths
    0
  • Approx. Lot Size Acres
    0.2
  • Approx. Lot Size SqFt
    8,712
  • Class
    Investment
  • DOM
    24
  • Lot Dimensions
    66X132
  • New Construction
    No
  • Parcel ID#
    43-11-08-300-286.000-032
  • Property Sub-Type
    Fourplex
  • State
    IN
  • Style
    Two Story
  • Subdivision
    Hood & Britton
  • Total Finished SqFt
    2,988
  • Total SqFt
    3,756
  • Year Built
    1890
  • Zip
    46580-4376
  • Interior Features

  • Below Grade Finished SqFt
    0
  • Other Features

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

Last updated: April 25 2024, 9:05 AM

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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