Active

322 S Columbia Street

Warsaw IN, 46580-4376

$280,000


$93.71 per sqft

Active

5 Beds

4 Baths

2,988 sqft

Multi-family

Built in 1890

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

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.

202405091

MLS ID

March 14, 2024

Updated

Map

322 S Columbia Street
Warsaw IN, 46580-4376

Interior Features

Total Stories

2


Bedrooms

5 Beds


Bathrooms

4 Baths


Floor Description

Laminate


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Gas, Forced Air

Exterior/Building Features

Lot Size

0.2 Acres


Exterior Features

Vinyl


Lot Features

Corner, 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

22


Garage

No


View

No


Municipality

Wayne


Pool

No


Zoning

Hood & Britton


Buyer Agency Compensation

2%

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 6:27 PM UTC, 3/14/2024

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