422 S Union Street Warsaw, IN 46580 Contingent

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Angie Johnson Hartley
(574) 265-6012
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Fiveplex • 149Y Old

$370,000

422 S Union Street

8 Bedrooms
5 Bathrooms
3737 sqft
0.38 Acres
Property Description

An enticing investment opportunity awaits with this rejuvenated five-unit that boasts a lucrative Cap Rate of 12.45% and an impressive Cash on Cash Return of nearly 21%, even factoring for vacancy, property management, and CapEx expenses. Comprising of a variety of sized apartments, this property caters to a diverse range of tenants, with one bedroom, two bedrooms, and a possible three bedroom apartment. Unit B is undergoing a complete remodel and will be finished in similar condition to the other updated units by time of closing unless otherwise negotiated. All units, except “B”, are occupied, ensuring immediate cash flow. Recently installed coin op laundry machines increase the revenue– which is not even included in the provided financials. This property presents an excellent opportunity for investors seeking stable income, solid returns, and long-term growth potential. Schedule a showing today and seize the opportunity to own this five-unit investment property– OR take advantage of the 14-unit, 3 property portfolio for $960,000, with a 12.55% CAP rate and returns exceeding 20%. See MLS #202405089.

Directions

From Winona Ave head W, turn left onto S Union St, Property is on the right.

Map to 422 S Union Street, Warsaw, IN 46580

Property
MLS # 202405090
Status Cont-AccptngBackupOffers
Property Type Investment
Property SubType Fiveplex
Finished Square Feet 3737 sqft
Total Square Feet 4888 sqft
New Construction No
Style Two Story
Type Fiveplex
Basement Yes
Bedrooms 8
Bathrooms 5
Annual Taxes $4,128.96
Year Taxes Payable 2024
Year Built 1875
Virtual Tour propertypanorama.com »
Days on Market 59
Room Dimensions
Living Room 3 × 0 Level
Family Room 1400 × 1555 Level
Kitchen 1465 × 1208 Level
4th Bedroom 5 × 4 Level
5th Bedroom 4 × 4 Level
Extra Room 1 × 1 Level
Bathroom Locations
Full Baths 8 Main
External Features
Construction Fiveplex
Lot Size 16,553 sq ft
Acreage 0.38 Acres
Lot Dimensions 83X198
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# 202405090.
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 1:30 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.