Sold for $1,150,000 Listed for $1,145,000
422 S Union Street
This property is not currently for sale or for rent.
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.
From Winona Ave head W, Turn Left onto Union St, Property is on the right
Map to 422 S Union Street, Warsaw, IN 46580
MLS #
202405089
Date Listed
2024-02-19
Status
Sold
Property Type
Investment
Property SubType
Other
Finished Square Feet
9383 sqft
Total Square Feet
12188 sqft
New Construction
No
Style
Two Story
Type
Other
Basement
Yes
Bedrooms
19
Bathrooms
14
Annual Taxes
$10,228.92
Year Taxes Payable
2024
Year Built
1875
Days on Market
161
Room Dimensions
Living Room
7 × 0
Level
4th Bedroom
12 × 8
Level
5th Bedroom
13 × 12
Level
Extra Room
1 × 1
Level
Bathroom Locations
Full Baths
19 Main
External Features
Construction
Other
Lot Size
40,511 sq ft
Acreage
0.93 Acres
Lot Dimensions
83X198, 77x198, 66x132
Fence
None
Location
Area
Kosciusko County
County
Kosciusko
Subdivision
Graves
Township
Wayne
City
Warsaw
State
IN
Zip
46580
Schools
School District
Warsaw Community
Elementary
Washington
Middle School
Edgewood
High School
Warsaw
Financial
Assoc. Dues
$0.00 Not Applicable
| MLS # | 202405089 |
|---|---|
| Date Listed | 2024-02-19 |
| Status | Sold |
| Property Type | Investment |
| Property SubType | Other |
| Finished Square Feet | 9383 sqft |
| Total Square Feet | 12188 sqft |
| New Construction | No |
| Style | Two Story |
| Type | Other |
| Basement | Yes |
| Bedrooms | 19 |
| Bathrooms | 14 |
| Annual Taxes | $10,228.92 |
| Year Taxes Payable | 2024 |
| Year Built | 1875 |
| Days on Market | 161 |
| Living Room | 7 × 0 | Level |
| 4th Bedroom | 12 × 8 | Level |
| 5th Bedroom | 13 × 12 | Level |
| Extra Room | 1 × 1 | Level |
| Full Baths | 19 Main |
| Construction | Other |
|---|---|
| Lot Size | 40,511 sq ft |
| Acreage | 0.93 Acres |
| Lot Dimensions | 83X198, 77x198, 66x132 |
| Fence | None |
| Area | Kosciusko County |
|---|---|
| County | Kosciusko |
| Subdivision | Graves |
| Township | Wayne |
| City | Warsaw |
| State | IN |
| Zip | 46580 |
| School District | Warsaw Community |
|---|---|
| Elementary | Washington |
| Middle School | Edgewood |
| High School | Warsaw |
| Assoc. Dues | $0.00 Not Applicable |
|---|
MLS# 202405089
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 James Bausch
RE/MAX Results- Warsaw
Cell: 574-742-4531
Listing updated August 23, 2024 at 2:45 pm
Last checked 12 minutes ago
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