322 S COLUMBIA ST
WARSAW, IN 46580

$280,000

5 Beds

4 Baths

2,988 Sq Ft

Status Active Under Contract

MLS# 202405091

Don't miss out on this exceptional opportunity to enhance your investment portfolio with a fully occupied, updated four-unit apartment, offered at an impressive 11.75% CAP rate. With traditional financing, you can secure nearly a 17% cash on cash return, even after accounting for vacancy, property management, and CapEx. This property is a lucrative addition to any investment strategy. Numerous updates have been made throughout the property, including complete renovations of the detached apartment (Unit D), as well as refreshing flooring, paint, kitchens, baths, and appliances in other units. These enhancements ensure tenant satisfaction and maximize rental potential. For investors seeking a broader portfolio, this property is also available as part of a 14-unit, 3-property portfolio for $960,000, boasting an impressive 12.55% CAP rate and returns exceeding 20%. Check MLS #202405089 for more details. The seller strongly prefers to sell via the entire package, presenting an opportunity to capitalize on a diverse portfolio of income-generating properties. Don't let this opportunity slip away. Take action today to enhance your financial position with this investment opportunity.

Details for 322 S COLUMBIA ST

Built in 1890

$94 / Sq Ft

7 parking spaces

None

Gas, Forced Air

94 Days on website

0.2 acres lot

Interior

Bathrooms Full

Bathrooms Total

Bedrooms Total

Flooring

Laminate

Living Area

2,988 SqFt.

Hoa Features

Association Amenities

Off Street Parking, Water Heater Gas

Association Fee Frequency

Not Applicable

Building And Construction

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1890

Exterior And Lot

Lot Size Acres

0.2

Lot Size Square Feet

8712

Parking Total

Utilities

Cooling

None

Heating

Gas, Forced Air

Area And Schools

City

Warsaw

Elementary School

Washington

High School

Warsaw

Middle Or Junior School

Edgewood

School District

Warsaw Community

Subdivision Name

Hood & Britton

Financial Info

Buyer Agency Compensation^*

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$2,358.00

Tax Year

2024

Additional Info

Status Detail

Active

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Agent

James Bausch, 574-742-4531

Listing Office

RE/MAX Results- Warsaw, 574-269-6911

Updated

8:00am UTC- 5/23/2024

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