$335,000
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.
From Winona Ave, head west. Turn left onto Union St, Property is on the left.
MLS # | 202405092 |
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Status | Cont-AccptngBackupOffers |
Property Type | Investment |
Property SubType | Fiveplex |
Finished Square Feet | 3474 sqft |
Total Square Feet | 4360 sqft |
New Construction | No |
Style | Two Story |
Type | Fiveplex |
Basement | Yes |
Bedrooms | 6 |
Bathrooms | 5 |
Annual Taxes | $3,900.00 |
Year Taxes Payable | 2024 |
Year Built | 1860 |
Virtual Tour | propertypanorama.com » |
Days on Market | 69 |
Living Room | 2 × 0 | Level |
Family Room | 1500 × 1717 | Level |
Kitchen | 1083 × 1291 | Level |
4th Bedroom | 5 × 2 | Level |
5th Bedroom | 5 × 4 | Level |
Full Baths | 6 Main |
Construction | Fiveplex |
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Lot Size | 15,246 sq ft |
Acreage | 0.35 Acres |
Lot Dimensions | 77X198 |
Fence | None |
Area | Kosciusko County |
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County | Kosciusko |
Subdivision | Graves |
Township | Wayne |
City | Warsaw |
State | IN |
Zip | 46580 |
School District | Warsaw Community |
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Elementary | Washington |
Middle School | Edgewood |
High School | Warsaw |
Assoc. Dues | $0.00 Not Applicable |
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MLS# 202405092. 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 Provided Courtesy of James Bausch
RE/MAX Results- Warsaw
Cell: 574-742-4531
Listing information last updated Sunday, April 28th, 2024 at 6:00 PM EDT.