519 W Winona Avenue Warsaw, IN 46580-4211

Fully occupied seven-unit apartment building in Warsaw with value-add potential.? 6 of the 7 tenants are currently month-to-month, leaving an investor the potential to raise rates to market levels and increase revenue.? 5 of the 7 tenants have been there longer than 5 years.? Property is a C class property renting to tenants on a weekly basis, which increases rent since there are 4.33 weeks in a month.? Utilities are included in rent, which makes it for an easy rent to the lower income bad credit market.? Utilities are not separately metered.? A large section of the property has recently received a new metal roof.? Proof of funds required with offers.? The building is FULLY occupied, and even comes with plumbing for an office, and a cash drop box in the office.? Here's your chance to start your own business!! Sellers may consider land contract/seller financing/master lease offers with sizable down payment.? Seller to offer 90 day training/transition support.? You won't find a higher cap rate building anywhere, take over management yourself and drive that cap rate even higher! Rates going up = Higher rental demand! Walkthroughs are Set for Monday April 18th. Starting at 3:45-4:30.