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
May 9, 2024
Updated
Map
322 S Columbia Street
Warsaw IN, 46580-4376
Interior Features
Total Stories
2
Bedrooms
5
Total Bathrooms
4
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%
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Data last updated 8:41 AM UTC, 5/9/2024