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422 S Union Street

Warsaw IN, 46580-4280

$960,000


$102.31 per sqft

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19 Beds

14 Baths

9,383 sqft

Other

Built in 1875

Courtesy of RE/MAX Results- Warsaw, James Bausch, Cell: 574-742-4531

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.

202405089

MLS ID

July 13, 2024

Updated

Map

422 S Union Street
Warsaw IN, 46580-4280

Interior Features

Total Stories

2


Bedrooms

19


Total Bathrooms

14


Full Bathrooms

14


Floor Description

Laminate


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Gas, Baseboard, Forced Air

Exterior/Building Features

Lot Size

0.93 Acres


Lot Features

0-29999


Sewer

City

School Information

School District

Warsaw Community


High School

Warsaw


Elementary School

Washington

Other Property Details

Area Name

Kosciusko County


Days on Market

133


Garage

No


View

No


Municipality

Wayne


Pool

No


Zoning

Graves

The Listing Broker’s offer of compensation is made only to IRMLS Participants.

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 by the MLS. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor The Cavender Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.  

©2024 Indiana Regional MLS. All rights reserved.

Data last updated 2:13 PM UTC, 7/13/2024

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