422 Union, Warsaw, IN 46580-4280 - Myers Trust

422 Union, Warsaw, IN 46580-4280


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
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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


# 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


Listing Office: RE/MAX Results- Warsaw

Listing Agent: James Bausch


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.