684-670 Strong, Elkhart, IN 46514
Overview
| MLS ID: | #202401364 |
|---|---|
| Price: | $ 2,890,000 |
| Sq Ft: | 22,020 |
| Finished Sq Ft: | 22,020 |
| Lot Size: | 1.00 Acres |
| Year Built: | 1926 |
| Bedrooms: | 32 |
| Full Bathrooms: | 32 |
| Half Bathrooms: | |
| Taxes: | $ 6,500 |
INVESTMENT OPPORTUNITY! 8 multi family buildings/32 apartments with great cash flow. Average rent is $900/month/apartment. 9% cap rate. These would make a perfect 1031 exchange investment. Located in the popular Strong Avenue area of Elkhart. Close to the Riverwalk, Aquatic Center, restaurants, shops and all that downtown Elkhart has to offer.
MLS ID: 202401364
Details
| # of Units | 32 |
|---|---|
| Price Per Unit | 90,312.50 |
| Above Grade Finished SF | 22,020 |
| Combined Finished SF | 22,020 |
| Below Grade Finished SF | 9,675 |
| Below Grade Unfinished SF | 9,675 |
| Total Below Grade SF | 9,675 |
| Total Sq Ft | 31,695 |
| Lot Dimensions | 200 x 218 |
| Approx Lot Size SqFt | 43,560 |
| Approx Lot Size Acres | 1 |
| Garage SF | 5,376 |
|---|
| Water Front | No |
|---|
| Style | Two Story |
|---|---|
| New Construction | No |
| Elementary School | Mary Daly |
|---|---|
| Middle School | West Side |
| Senior | Elkhart |
| District | Elkhart Community Schools |
| # Bedrooms | 32 |
|---|---|
| # of Full Baths | 32 |
| # of Half Baths | 0 |
| Bedroom 5 | 32 x 32 |
| Laundry Room | 32 x |
| Annual Gross Rent Income | $315,360.00 |
|---|---|
| Annual Sewer Expense | $5,376.00 |
| Annual Fuel Expense | $6,648.00 |
| Annual Electric Expense | $0.00 |
| Annual Trash Expense | $0.00 |
| Annual Property Tax | $16,051.00 |
Map
Listing Office: Berkshire Hathaway HomeServices Elkhart
Listing Agent: Heidi Gaskill
Disclaimer:
Mortgage
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