1 of 11
Outils
Size
6
Chambres
5
Full Baths
3,474 Pi. ca.
interior
0.35 HECTARES
Exterior
Financial
$335,000
Change Currency
$96
Price Per Sqft
Listing Details
Plusieurs familles
Type de propriété
10559995
ID Web
202405092
ID MLS
212
Days Posted
Description
418 S Union Street,
Warsaw,
IN
46580
Warsaw, IN 46580
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.
This is an Pending listing.
Broker Office Phone Number: 574-269-6911
Copyright © 2024Kosciusko Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Pending listing.
Broker Office Phone Number: 574-269-6911
Copyright © 2024Kosciusko Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Services
- Laminate Flooring
Historique des prix
date | price | variance | type |
---|---|---|---|
8/19/2024 | $335,000 | - | Contrat |
2/18/2024 | $335,000 | - | Listé |
Listing By: RE/MAX Results- Warsaw via Data Source: Kosciusko Board of Realtors MLS
agent inscripteur: James Bausch