422 Union, Warsaw, IN 46580-4280
Overview
| MLS ID: | #202405089 |
|---|---|
| Price: | $ 960,000 |
| Sq Ft: | 9,383 |
| Finished Sq Ft: | 9,383 |
| Lot Size: | 0.93 Acres |
| Year Built: | 1875 |
| Bedrooms: | 19 |
| Full Bathrooms: | 14 |
| Half Bathrooms: | |
| Taxes: | $ 10,229 |
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.
MLS ID: 202405089
Details
| # of Units | 14 |
|---|---|
| Price Per Unit | 68,571.430 |
| Above Grade Finished SF | 9,383 |
| Combined Finished SF | 9,383 |
| Below Grade Finished SF | 2,805 |
| Below Grade Unfinished SF | 2,805 |
| Total Below Grade SF | 2,805 |
| Total Sq Ft | 12,188 |
| Lot Dimensions | 83X198, 77x198, 66x132 |
| Approx Lot Size SqFt | 40,511 |
| Approx Lot Size Acres | 0.930 |
| Garage SF | 8,831 |
|---|
| Water Front | No |
|---|
| Style | Two Story |
|---|---|
| New Construction | No |
| Elementary School | Washington |
|---|---|
| Middle School | Edgewood |
| Senior | Warsaw |
| District | Warsaw Community |
| # Bedrooms | 19 |
|---|---|
| # of Full Baths | 14 |
| # of Half Baths | 0 |
| Living Room | 7 x 0 |
| Bedroom 4 | 12 x 8 |
| Bedroom 5 | 13 x 12 |
| Extra Room | 1 x 1 |
| Laundry Room | 25 x |
| Other Room 1 | 1 x 6 |
| Annual Gross Rent Income | $222,659.04 |
|---|---|
| Annual Sewer Expense | $8,831.04 |
| Annual Fuel Expense | $4,950.60 |
| Annual Electric Expense | $6,459.36 |
| Annual Trash Expense | $2,844.00 |
| Annual Property Tax | $8,568.88 |
Map
Listing Office: RE/MAX Results- Warsaw
Listing Agent: James Bausch
Disclaimer:
Mortgage
 | ||
 | ||
