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Map

Directions

From Winona Ave head W, Turn Left onto Union St, Property is on the right

Description

Investors seize this unique opportunity with this package deal comprising of three income-producing properties in the heart of Warsaw at 422 S Union St, 418 S Union St, and 322 S Columbia St. Each property has undergone a significant amount of refreshing, updating and remodeling, bringing increased revenue, decreased costs, and stable tenancy. With every completed unit being occupied this portfolio promises immediate cash flow and strong returns. Totaling 14-units, these three properties are being offered at the attractive price of $960,000, boasting an impressive 12.55% CAP rate and remarkable returns exceeding 20.6% cash on cash even after accounting for vacancy, property management, and CapEx expenses, assuming traditional financing. Don’t miss out on this rare opportunity to own a diversified portfolio of income-generating properties. Act now and elevate your investment strategy with this exceptional package deal.

Details

  • Property Details

  • MLS #:
    202405089
  • Price
    $960,000
  • Bedrooms
    19
  • Baths Total
    14
  • Full Baths
    14
  • Half Baths
    0
  • Approx. Lot Size Acres
    0.93
  • Approx. Lot Size SqFt
    40,511
  • Class
    Investment
  • DOM
    24
  • Lot Dimensions
    83X198, 77x198, 66x132
  • New Construction
    No
  • Parcel ID#
    43-11-07-200-762.000-032
  • Property Sub-Type
    Other
  • State
    IN
  • Style
    Two Story
  • Subdivision
    Graves
  • Total Finished SqFt
    9,383
  • Total SqFt
    12,188
  • Year Built
    1875
  • Zip
    46580-4280
  • Interior Features

  • Below Grade Finished SqFt
    0
  • Other Features

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

Last updated: April 21 2024, 1:44 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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