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322 S Columbia Street
Warsaw IN 46580-4376 US

$280,000

Active Listing ID 202405091
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5 bed
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4.00 Bath (4 Full Bath)
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Lot: 0.20 Acres
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Other

$280,000

Active Listing ID 202405091
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322 S Columbia Street 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.

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Property Features

  • Facts
  • Lot Size: 0.20 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • Exterior Finish: Off Street Parking, Water Heater Gas, None
  • Floor Covering: Laminate
  • Heating Fuels: Forced Air

School Information

  • School
  • Washington(Elementary)
  • Edgewood(MiddleSchool)
  • Warsaw(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 280000
  • unparsedaddress: 322 S Columbia Street
  • postalcity: Warsaw
  • stateorprovince: IN
  • country: US
  • postalcode: 46580-4376
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.2
  • lotsizeunits: Acres
  • lotsizearea: 0.2
  • livingarea: 2988
  • livingareaunits: Square Feet
  • latitude: 41.235349
  • longitude: -85.860856
  • listagentfullname: James Bausch
  • listagentemail: jamesbausch@gmail.com
  • listagentkey: 3yd-KBORIN-38292
  • listagentmlsid: 38292
  • listagentpreferredphone: 5747424531
  • listagentofficephone: 5742696911
  • listofficekey: 3yd-KBORIN-5440
  • listagentstatelicense: RB15000093
  • listofficemlsid: 5440
  • disclaimer: Copyright © 2024 Kosciusko Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: KBORIN
  • listingcontractdate: 2024-02-19
  • listagenturl: http://jamesbauschrealestate.com
  • countyorparish: Kosciusko County
  • parcelnumber: 43-11-08-300-286.000-032
  • elementaryschool: Washington
  • highschool: Warsaw
  • elementaryschooldistrict: Warsaw Community
  • middleorjuniorschooldistrict: Warsaw Community
  • highschooldistrict: Warsaw Community
  • appliances: Range
  • flooring: Laminate
  • heating: Forced Air
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • exteriorfeatures: Off Street Parking, Water Heater Gas, None
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • entrylevel: Upper, Main
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -85.860856, 41.235349
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Listing Changed: 3/26/2024 1:28:54 PM GMT
Source Updated Date: 5/2/2024 6:59:26 AM GMT

Courtesy of: James Bausch, RE/MAX Results- Warsaw, jamesbausch@gmail.com

Copyright © 2024 Kosciusko Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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