684-670 Strong, Elkhart, IN 46514 - Myers Trust

684-670 Strong, Elkhart, IN 46514


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
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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


# 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


Listing Office: Berkshire Hathaway HomeServices Elkhart

Listing Agent: Heidi Gaskill


Property information is provided by the Indiana Regional MLS. The 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. The data is deemed reliable but is not guaranteed accurate by the IRMLS. Featured Properties may have updated information provided by Myers Trust.