Turn key eight apartment complex in quiet, convenient near downtown & Pike Lake Park location. Grosses over $44k per year. Two 4 unit buildings each on separate lot but being sold together. Each building has 2 one bedroom and 2 two bedroom units plus coin operated laundry located on main floor with interior lobby entrance. All units have been non-smoking and pet free since 1995. 2nd owner since new, 25 years of current ownership. See Associated Documents for 5 year Income/expense history. All appliances included, some but not all newer. Tenants pay own heat & lights. Currently on 4" well for both buildings with rental water softeners. Indiana American Water runs in front on property and is easily accessible.
Closed
$471,800
724 & 728 E Clark St, Warsaw, IN 46580
12beds
5,452sqft
Apartment Complex
Built in 1977
-- sqft lot
$471,800 Zestimate®
$--/sqft
$935 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: January 30, 2017 at 06:18am
Listed by:
James Bausch Cell:574-742-4531,
RE/MAX Results- Warsaw
Bought with:
Janice Palkovich
Collins & Company Realtors, Koontz Lake
Source: IRMLS,MLS#: 201632779

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Electric, Baseboard
Cooling
- Wall Unit(s)
Appliances
- Included: Electric Water Heater, Water Softener Rented
Features
- Laminate Counters, Entrance Foyer
- Flooring: Carpet, Vinyl
- Doors: Insulated Doors
- Windows: Double Pane Windows
- Basement: Crawl Space,Concrete
Interior area
- Total structure area: 5,452
- Total interior livable area: 5,452 sqft
- Finished area above ground: 5,452
- Finished area below ground: 0
Property
Parking
- Total spaces: 12
- Parking features: Off Street, Paved, Off Street Parking, Asphalt
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.32 Acres
- Dimensions: 197X130
- Features: Level, City/Town/Suburb
Details
- Additional structures: None
- Additional parcels included: 431108200574000032
- Parcel number: 431108200573.000032
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment Complex
Materials
- Shingle Siding, Wood Siding
- Roof: Rubber
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Electric: NIPSCO
- Sewer: City, Public Sewer
- Water: Private, Well
- Utilities for property: Cable Available, Cable Connected
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Warsaw
- Subdivision: Conds
HOA & financial
Other financial information
- Total actual rent: 46800
Other
Other facts
- Listing terms: Cash,Conventional