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418 S Union Street

Warsaw IN, 46580-4279

$335,000


$96.43 per sqft

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6 Beds

5 Baths

3,474 sqft

Multi-family

Built in 1860

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

Seize the chance to elevate your investment portfolio with this five-unit property boasting an impressive 12.45% CAP rate. This updated apartment building promises lucrative returns, long-term growth potential, and most importantly immediate cash flow, as all units are leased. The majority of the units have been refreshed and updated ensuring tenant satisfaction and maximizing rental appeal. Unit configurations vary, from a refreshed efficiency in Unit A to a spacious 1 bedroom (or a pass through 2 bedroom) in Units B & C. Unit D presents a large 2 bedroom (possible 3 bedroom) while Unit E has recently undergone extensive remodeling, featuring new paint, flooring, and a refreshed kitchen and bath. Explore additional revenue opportunities by incorporating coin-operated laundry facilities in the lobby. Even after considering vacancy, property management, and CapEx, investors can secure an impressive 19.6% cash on cash return, assuming traditional financing. For those seeking a broader investment strategy, this property is also available as part of a 14-unit, 3-property portfolio, priced at $960,000. with a remarkable 12.55% CAP rate and returns exceeding 20%. See MLS #202405089. Don't miss out on this extraordinary opportunity to capitalize on strong returns and a thriving rental market. Schedule a viewing today and take the next step towards securing your financial future.

202405092

MLS ID

July 13, 2024

Updated

Map

418 S Union Street
Warsaw IN, 46580-4279

Interior Features

Total Stories

2


Bedrooms

6


Total Bathrooms

5


Full Bathrooms

5


Floor Description

Laminate


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Gas, Baseboard, Forced Air

Exterior/Building Features

Lot Size

0.35 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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