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.
Closed
$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
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#: 202405089

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