$249,000
$249,000
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6 Beds
4 Baths
4,655 SqFt
SOLD DATE : 08/16/2021
Key Details
Sold Price $249,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,655 sqft
Subdivision Hood & Britton
MLS Listing ID 202121570
Sold Date 08/16/21
Style Two Story
Bedrooms 6
Full Baths 4
Abv Grd Liv Area 3,009
Total Fin. Sqft 4655
Year Built 1900
Annual Tax Amount $1,500
Tax Year 2021
Lot Size 10,454 Sqft
Property Description
Finally there’s a multi-family investment property available on the market! Introducing 'Lake View Apartments' a four unit value-add building with 66 feet of Center Lake frontage. The extra large main floor apartment has nearly 1900 sq feet and lends itself towards owner occupancy with the opportunity to have other tenants pay living expenses or as the anchor to this solid investment. All units are in tenantable condition and are below market rents. Take advantage of the opportunity to increase rents as-is or to renovate and significantly increase rents. There is even potential for redevelopment into Short Term Rentals and see a tremendous return on your investment by inviting guests to enjoy the waterfront property. Lake View Apartments are within walking distance to downtown restaurants, shopping, and Center Lake Park where many community events can be enjoyed. Separately metered units means tenants are paying their own gas & electric.
Location
State IN
Area Kosciusko County
Direction Head E on W Winona Ave Turn left onto S Lake St In 0.7 miles, property is on the right.
Rooms
Family Room 500 x 500
Dining Room 0 x 595
Kitchen , 700
Interior
Flooring Carpet, Wood
Fireplaces Number 3
Appliance Building, Land, Lease
Laundry , 5
Exterior
Garage Spaces 1.0
Amenities Available Off Street Parking, Water Heater Gas
Waterfront Yes
Waterfront Description Lake
Roof Type Asphalt
Total Parking Spaces 5
Building
Lot Description 0-2.9999
Story 2
Structure Type Aluminum
New Construction No
Schools
Elementary Schools Washington
Middle Schools Edgewood
High Schools Warsaw
School District Warsaw Community
Others
Financing Cash,Conventional
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IDX information provided by the Indiana Regional MLS
Bought with Lori Rockwell • Rockwell Realty Team, LLC