$1,150,000
$1,145,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
19 Beds
14 Baths
9,383 SqFt
SOLD DATE : 08/22/2024
Key Details
Sold Price $1,150,000
Property Type Single Family Home
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 9,383 sqft
Subdivision Graves
MLS Listing ID 202405089
Sold Date 08/22/24
Style Two Story
Bedrooms 19
Full Baths 14
Abv Grd Liv Area 9,383
Total Fin. Sqft 9383
Year Built 1875
Annual Tax Amount $10,228
Tax Year 2024
Lot Size 0.930 Acres
Property Description
Investors seize this unique opportunity with this package deal comprising of three income-producing properties in the heart of Warsaw at 422 S Union St, 418 S Union St, and 322 S Columbia St. Each property has undergone a significant amount of refreshing, updating and remodeling, bringing increased revenue, decreased costs, and stable tenancy. With every completed unit being occupied this portfolio promises immediate cash flow and strong returns. Totaling 14-units, these three properties are being offered at the attractive price of $960,000, boasting an impressive 12.55% CAP rate and remarkable returns exceeding 20.6% cash on cash even after accounting for vacancy, property management, and CapEx expenses, assuming traditional financing. Don't miss out on this rare opportunity to own a diversified portfolio of income-generating properties. Act now and elevate your investment strategy with this exceptional package deal.
Location
State IN
County Kosciusko County
Area Kosciusko County
Direction From Winona Ave head W, Turn Left onto Union St, Property is on the right
Rooms
Dining Room 0
Interior
Flooring Laminate
Appliance Building, Land
Laundry , 25
Exterior
Amenities Available Basement, Off Street Parking
Waterfront No
Total Parking Spaces 25
Building
Lot Description 0-2.9999
Story 2
Structure Type Aluminum,Brick,Vinyl
New Construction No
Schools
Elementary Schools Washington
Middle Schools Edgewood
High Schools Warsaw
School District Warsaw Community
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IDX information provided by the Indiana Regional MLS
Bought with James Bausch • RE/MAX Results- Warsaw