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  • $1,150,000

    422 S Union St, Warsaw, IN 46580

    19beds
    9,383sqft
    Multi Family
    Built in 1875
    -- sqft lot
    $559,800 Zestimate®
    $--/sqft
    $965 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: August 23, 2024 at 11:34am

    Listed by:

    James Bausch Cell:574-742-4531,

    RE/MAX Results- Warsaw

    Bought with:

    James Bausch, RB15000093

    RE/MAX Results- Warsaw

    Source: IRMLS,MLS#: 202405089MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 19
    • Bathrooms: 14
    • Full bathrooms: 14
    Heating
    • Natural Gas, Baseboard, Forced Air
    Cooling
    • None
    Features
    • Flooring: Laminate
    • Basement: Crawl Space,Partial,Unfinished,Block
    Interior area
    • Total structure area: 12,188
    • Total interior livable area: 9,383 sqft
    • Finished area above ground: 9,383
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 25
    • Parking features: Off Street Parking
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.93 Acres
    • Dimensions: 83X198, 77x198, 66x132
    • Features: 0-2.9999
    Details
    • Additional structures: None
    • Additional parcels included: AND 4311-AND 43-11-08-300-286.000-032
    • Parcel number: 431107200762.000032

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Aluminum Siding, Brick, Vinyl Siding
    • Foundation: Basement
    Condition
    • New construction: No
    • Year built: 1875

    Utilities & green energy

    • Sewer: City
    • Water: City

    Community & neighborhood

    Location
    • Region: Warsaw
    • Subdivision: Graves
    Services availability