Sold for $162,500 Listed for $149,000
This property is not currently for sale or for rent.
Fully occupied seven-unit apartment building in Warsaw with value-add potential.? 6 of the 7 tenants are currently month-to-month, leaving an investor the potential to raise rates to market levels and increase revenue.? 5 of the 7 tenants have been there longer than 5 years.? Property is a C class property renting to tenants on a weekly basis, which increases rent since there are 4.33 weeks in a month.? Utilities are included in rent, which makes it for an easy rent to the lower income bad credit market.? Utilities are not separately metered.? A large section of the property has recently received a new metal roof.? Proof of funds required with offers.? The building is FULLY occupied, and even comes with plumbing for an office, and a cash drop box in the office.? Here's your chance to start your own business!! Sellers may consider land contract/seller financing/master lease offers with sizable down payment.? Seller to offer 90 day training/transition support.? You won't find a higher cap rate building anywhere, take over management yourself and drive that cap rate even higher! Rates going up = Higher rental demand! Walkthroughs are Set for Monday April 18th. Starting at 3:45-4:30.
East on 30, South on 15, West on 25(Winona), Property is on the South East corner of Winona and Harding st
MLS # | 202210274 |
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Date Listed | 2022-03-28 |
Status | Sold |
Property Type | Investment |
Property SubType | Sevenplex |
Finished Square Feet | 4248 sqft |
Total Square Feet | 4779 sqft |
New Construction | No |
Style | Two Story |
Type | Sevenplex |
Basement | Yes |
Bedrooms | 7 |
Bathrooms | 7 |
Annual Taxes | $3,600.00 |
Year Taxes Payable | 2020 |
Year Built | 1890 |
Days on Market | 23 |
Living Room | 1 × 0 | Level |
Family Room | 740 × 199 | Level |
Kitchen | 160 × 199 | Level |
4th Bedroom | 1 × 1 | Level |
5th Bedroom | 7 × 7 | Level |
Full Baths | 7 Main |
Construction | Sevenplex |
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Lot Size | 5,016 sq ft |
Acreage | 0.12 Acres |
Lot Dimensions | 66x76 |
Fence | None |
Area | Kosciusko County |
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County | Kosciusko |
Subdivision | Graves |
Township | Wayne |
City | Warsaw |
State | IN |
Zip | 46580 |
School District | Warsaw Community |
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Elementary | Washington |
Middle School | Edgewood |
High School | Warsaw |
Assoc. Dues | $0.00 Not Applicable |
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MLS# 202210274
IDX information provided by the Indiana Regional MLS.
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. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Tyler Glenn
Tiffany Group Real Estate Advisors LLC
Listing updated May 20, 2022 at 4:30 pm
Last checked 14 minutes ago