Warsaw, IN 46580-4280,422 S Union Street
Warsaw, IN 46580-4280,422 S Union Street
Warsaw, IN 46580-4280,422 S Union Street
Warsaw, IN 46580-4280,422 S Union Street
Warsaw, IN 46580-4280,422 S Union Street
Warsaw, IN 46580-4280,422 S Union Street
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$1,150,000

$1,145,000

0.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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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Indiana Regional MLS (IRMLS)
Listed by James Bausch • RE/MAX Results- Warsaw • Cell: 574-742-4531
Bought with James Bausch • RE/MAX Results- Warsaw
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