519 W Winona Avenue Warsaw, IN 46580 Sold 2022-05-20

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Sevenplex • 132Y Old

Sold for $162,500 Listed for $149,000

519 W Winona Avenue

7 Bedrooms
7 Bathrooms
4248 Sq Ft
0.12 Acres

This property is not currently for sale or for rent.

Property Description

Fully occupied seven-unit apartment building in Warsaw with value-add potential.? 6 of the 7 tenants are currently month-to-month, leaving an investor the potential to raise rates to market levels and increase revenue.? 5 of the 7 tenants have been there longer than 5 years.? Property is a C class property renting to tenants on a weekly basis, which increases rent since there are 4.33 weeks in a month.? Utilities are included in rent, which makes it for an easy rent to the lower income bad credit market.? Utilities are not separately metered.? A large section of the property has recently received a new metal roof.? Proof of funds required with offers.? The building is FULLY occupied, and even comes with plumbing for an office, and a cash drop box in the office.? Here's your chance to start your own business!! Sellers may consider land contract/seller financing/master lease offers with sizable down payment.? Seller to offer 90 day training/transition support.? You won't find a higher cap rate building anywhere, take over management yourself and drive that cap rate even higher! Rates going up = Higher rental demand! Walkthroughs are Set for Monday April 18th. Starting at 3:45-4:30.

Directions

East on 30, South on 15, West on 25(Winona), Property is on the South East corner of Winona and Harding st

Map to 519 W Winona Avenue, Warsaw, IN 46580

Property
MLS # 202210274
Status Sold
Property Type Investment
Property SubType Sevenplex
Square Feet 4248 Sq Ft
New Construction No
Style Two Story
Type Sevenplex
Basement Yes
Bedrooms 7
Bathrooms 7
Annual Taxes $3,600.00
Year Taxes Payable 2020
Year Built 1890
Virtual Tour propertypanorama.com »
Days on Market 23
Room Dimensions
Living Room 1 × 0 Level
Family Room 740 × 199 Level
Kitchen 160 × 199 Level
4th Bedroom 1 × 1 Level
5th Bedroom 7 × 7 Level
Bathroom Locations
Full Baths 7 Main
External Features
Construction Sevenplex
Lot Size 5,016 sq ft
Acreage 0.12 Acres
Lot Dimensions 66x76
Fence None
Location
Area Kosciusko County
County Kosciusko
Subdivision Graves
Township Wayne
City Warsaw
State IN
Zip 46580
Schools
School District Warsaw Community
Elementary Washington
Middle School Edgewood
High School Warsaw
Financial
Assoc. Dues $0.00 Not Applicable

MLS# 202210274.
Listing Provided Courtesy of Tyler Glenn
Tiffany Group Real Estate Advisors LLC

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 accurate by the MLS.

Listing information last updated Monday, May 23rd, 2022 at 12:45 PM EDT.

Learn More About 519 W Winona Avenue

Presented By
Angie Johnson Hartley
Angie Johnson Hartley
(574) 265-6012
Email
Select Agent to Contact

By clicking "Message Agent", you agree to be contacted by Angie Hartley about your request. Please see our Privacy Policy.