418 S Union Street Warsaw, IN 46580 Contingent

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Fiveplex • 164Y Old

$335,000

418 S Union Street

6 Bedrooms
5 Bathrooms
3474 sqft
0.35 Acres
Property Description

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.

Directions

From Winona Ave, head west. Turn left onto Union St, Property is on the left.

Map to 418 S Union Street, Warsaw, IN 46580

Property
MLS # 202405092
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 59
Room Dimensions
Living Room 2 × 0 Level
Family Room 1500 × 1717 Level
Kitchen 1083 × 1291 Level
4th Bedroom 5 × 2 Level
5th Bedroom 5 × 4 Level
Bathroom Locations
Full Baths 6 Main
External Features
Construction Fiveplex
Lot Size 15,246 sq ft
Acreage 0.35 Acres
Lot Dimensions 77X198
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# 202405092.
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 1:15 PM EDT.

Learn More About 418 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.