322 S Columbia St, Warsaw, IN 46580 Homes for Sale

For Sale

$280,000

• 5 beds
• 4 baths
• 2988 Sq Ft

322 S Columbia Street,
Warsaw, IN, 46580

Latitude 41.235349 - Longitude -85.860856

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Overview

Listing Status Active

MLS 202405091

Property Type

Other

Year built

0

Total rooms

5

Lot size

0.2 Acres

Time on NeighborWho

93 days

Stories

-

Price per Sq Ft

$94

Parking

0e0 car garage

Basement

-

About 322 S Columbia Street, Warsaw, IN

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. Read more

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