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322 S Columbia Street

Warsaw, IN 46580
  • $280,000
  • STATUS: Cont-AccptngBackupOffers
  • ON SITE: 116 Days
  • MLS #: 202405091
UPDATED: 101 min ago
$280,000
  • 5
    BEDS
  • 0.2
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,988
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1890
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by James Bausch of RE/MAX Results- Warsaw: Cell: 574-742-4531.

Description

Don't miss out on this exceptional opportunity to enhance your investment portfolio with a fully occupied, updated four-unit apartment, offered at an impressive 11.75% CAP rate. With traditional financing, you can secure nearly a 17% cash on cash return, even after accounting for vacancy, property management, and CapEx. This property is a lucrative addition to any investment strategy. Numerous updates have been made throughout the property, including complete renovations of the detached apartment (Unit D), as well as refreshing flooring, paint, kitchens, baths, and appliances in other units. These enhancements ensure tenant satisfaction and maximize rental potential. For investors seeking a broader portfolio, this property is also available as part of a 14-unit, 3-property portfolio for $960,000, boasting an impressive 12.55% CAP rate and returns exceeding 20%. Check MLS #202405089 for more details. The seller strongly prefers to sell via the entire package, presenting an opportunity to capitalize on a diverse portfolio of income-generating properties. Don't let this opportunity slip away. Take action today to enhance your financial position with this investment opportunity.

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© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Janet English | Keller Williams. Data last updated: 2024-06-15T09:28:20.377.

www.team-janet.com/homes/147726602
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322 S Columbia Street Warsaw, IN 46580

  • Price: $280,000
  • Status: Cont-AccptngBackupOffers
  • On Site: 116 Days
  • Updated: 101 min ago
  • MLS #: 202405091
5
Beds
4
Baths
0
½ Baths
0.2
Acres
2,988
SQFT
$94
$/SQFT
1890
Built
Neighborhood:
Hood & Britton
County:
Kosciusko
Area:
Kosciusko
Elementary School:
Washington
Middle School:
Edgewood
High School:
Warsaw
School District:
Warsaw Community
Property Description
Don't miss out on this exceptional opportunity to enhance your investment portfolio with a fully occupied, updated four-unit apartment, offered at an impressive 11.75% CAP rate. With traditional financing, you can secure nearly a 17% cash on cash return, even after accounting for vacancy, property management, and CapEx. This property is a lucrative addition to any investment strategy. Numerous updates have been made throughout the property, including complete renovations of the detached apartment (Unit D), as well as refreshing flooring, paint, kitchens, baths, and appliances in other units. These enhancements ensure tenant satisfaction and maximize rental potential. For investors seeking a broader portfolio, this property is also available as part of a 14-unit, 3-property portfolio for $960,000, boasting an impressive 12.55% CAP rate and returns exceeding 20%. Check MLS #202405089 for more details. The seller strongly prefers to sell via the entire package, presenting an opportunity to capitalize on a diverse portfolio of income-generating properties. Don't let this opportunity slip away. Take action today to enhance your financial position with this investment opportunity.
Exterior Features

Exterior Vinyl Lot Description Corner0-2.9999 Lot Dimensions 66X132 Outbuilding None Parking Spaces 7 Pool YN No Style Two Story Waterfront YN No

Interior Features

Above Grade Bedrooms 5 Above Grade Finished Sqft 2988 Above Grade Unfin Sq Ft 0 Amenities Off Street ParkingWater Heater Gas Basement Foundation CrawlPartial BasementUnfinished Basement Material Block Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 768 Cooling None Dishwashers 0 Disposals 0 Dryers 0 Flooring Laminate Heating Fuel GasForced Air Microwaves 0 Ranges Ovens 4 Refrigerators 4 Rooms Below Grade 0 Total Baths 4 Total Below Grade Sqft 768 Total Sq Ft 3756 Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit2 Bathrooms 1 Unit2 Bedrooms 2 Unit3 Bathrooms 1 Unit3 Bedrooms 1 Unit4 Bedrooms 2 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 1971.12 Annual Fuel Expense 1020.6 Annual Gross Rent 61022.28 Annual Insurance Expense 2199.96 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 49415.6 Annual Property Tax 2358 Annual Trash Expense 948 Annual Water Sewer Exp 3109 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 2 Cross Street Winona Ave Efficiencies 0 Electric Meters 2 For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 2 Gross Monthly Income 5085 Gross Monthly Rent 5085.19 Lease Term Month to Month1 Year New Construction No One Bedrooms 2 Owner Pays ElectricHeatingSewerTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Fourplex Reo YN No Sale Includes BuildingLand Sewer City Tenant Pays Electric Three Bedrooms 0 Township Wayne Two Bedrooms 2 Unit1 Unit Rent 953 Unit1- Currently Rntd Y / N Yes Unit2 Unit Rent 1524 Unit2- Currently Rntd Y / N Yes Unit3 Unit Rent 1356 Unit3- Currently Rntd Y / N Yes Unit4 Unit Rent 1251 Unit4- Currently Rntd Y / N Yes Units Rented 4 Water Meters 1 Water Utility City Year Taxes Payable 2024

Listing provided by James Bausch of RE/MAX Results- Warsaw: Cell: 574-742-4531.

© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Janet English | Keller Williams.


© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Janet English | Keller Williams. Data last updated: 2024-06-15T09:28:20.377.

 
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Janet English | Keller Williams
3928 McCarty Lane Suite A
Lafayette IN, 47905
Listing provided by James Bausch of RE/MAX Results- Warsaw: Cell: 574-742-4531.