422 S Union Street Warsaw, IN 46580 Contingent

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(574) 265-6012
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Other • 149Y Old

$960,000

422 S Union Street

19 Bedrooms
14 Bathrooms
9383 sqft
0.93 Acres
Property Description

Investors seize this unique opportunity with this package deal comprising of three income-producing properties in the heart of Warsaw at 422 S Union St, 418 S Union St, and 322 S Columbia St. Each property has undergone a significant amount of refreshing, updating and remodeling, bringing increased revenue, decreased costs, and stable tenancy. With every completed unit being occupied this portfolio promises immediate cash flow and strong returns. Totaling 14-units, these three properties are being offered at the attractive price of $960,000, boasting an impressive 12.55% CAP rate and remarkable returns exceeding 20.6% cash on cash even after accounting for vacancy, property management, and CapEx expenses, assuming traditional financing. Don't miss out on this rare opportunity to own a diversified portfolio of income-generating properties. Act now and elevate your investment strategy with this exceptional package deal.

Directions

From Winona Ave head W, Turn Left onto Union St, Property is on the right

Map to 422 S Union Street, Warsaw, IN 46580

Property
MLS # 202405089
Status Cont-AccptngBackupOffers
Property Type Investment
Property SubType Other
Finished Square Feet 9383 sqft
Total Square Feet 12188 sqft
New Construction No
Style Two Story
Type Other
Basement Yes
Bedrooms 19
Bathrooms 14
Annual Taxes $10,228.92
Year Taxes Payable 2024
Year Built 1875
Virtual Tour propertypanorama.com »
Days on Market 59
Room Dimensions
Living Room 7 × 0 Level
4th Bedroom 12 × 8 Level
5th Bedroom 13 × 12 Level
Extra Room 1 × 1 Level
Bathroom Locations
Full Baths 19 Main
External Features
Construction Other
Lot Size 40,511 sq ft
Acreage 0.93 Acres
Lot Dimensions 83X198, 77x198, 66x132
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# 202405089.
Listing Provided Courtesy of James Bausch
RE/MAX Results- Warsaw
Cell: 574-742-4531

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 Thursday, April 18th, 2024 at 2:45 PM EDT.

Learn More About 422 S Union Street

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

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