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422 S Union Street

Warsaw, IN 46580
  • $960,000
  • STATUS: Cont-AccptngBackupOffers
  • ON SITE: 123 Days
  • MLS #: 202405089
UPDATED: 86 min ago
$960,000
  • 19
    BEDS
  • 0.93
    ACRES
  • 14
    BATHS
  • 0
    1/2 BATHS
  • 9,383
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1875
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

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.

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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: 2024-06-22T13:29:45.083.

www.team-janet.com/homes/147726600
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422 S Union Street Warsaw, IN 46580

  • Price: $960,000
  • Status: Cont-AccptngBackupOffers
  • On Site: 123 Days
  • Updated: 86 min ago
  • MLS #: 202405089
19
Beds
14
Baths
0
½ Baths
0.93
Acres
9,383
SQFT
$102
$/SQFT
1875
Built
Neighborhood:
Graves
County:
Kosciusko
Area:
Kosciusko
Elementary School:
Washington
Middle School:
Edgewood
High School:
Warsaw
School District:
Warsaw Community
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.
Exterior Features

Exterior AluminumBrickVinyl Lot Description 0-2.9999 Lot Dimensions 83X19877x19866x132 Outbuilding None Parking Spaces 25 Pool YN No Style Two Story Waterfront YN No

Interior Features

Above Grade Bedrooms 19 Above Grade Finished Sqft 9383 Above Grade Unfin Sq Ft 0 Amenities BasementOff Street Parking 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 2805 Cooling None Dishwashers 0 Disposals 0 Dryers 1 Flooring Laminate Heating Fuel GasBaseboardForced Air Microwaves 0 Ranges Ovens 12 Refrigerators 13 Rooms Below Grade 0 Total Baths 14 Total Below Grade Sqft 2805 Total Sq Ft 12188 Wash Dry Hookups 1 Washers 1

Property Features

Annual Electric Expense 6459.36 Annual Fuel Expense 4950.6 Annual Gross Rent 222659.04 Annual Insurance Expense 10228.92 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 180776.24 Annual Property Tax 8568.88 Annual Trash Expense 2844 Annual Water Sewer Exp 8831.04 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 4 Cross Street Winona Ave Efficiencies 1 Electric Meters 12 For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 8 Gross Monthly Income 18555 Gross Monthly Rent 17555.25 Lease Term Month to Month1 Year New Construction No One Bedrooms 6 Owner Pays ElectricHeatingSewerTrash CollectionWater Softener Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Other Reo YN No Sale Includes BuildingLand Sewer City Tenant Pays Electric Three Bedrooms 0 Township Wayne Two Bedrooms 7 Units Rented 13 Water Meters 3 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: 2024-06-22T13:29:45.083.

 
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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.