Sold
422 S Union Street
Warsaw IN, 46580-4280
$1,150,000
$122.56 per sqft
Sold
19 Beds
14 Baths
9,383 sqft
Other
Built in 1875
Courtesy of RE/MAX Results- Warsaw, James Bausch, Cell: 574-742-4531
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.
202405089
MLSⓇ ID
February 21, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
19
Total Bathrooms
14
Full Bathrooms
14
Floor Description
Laminate
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Gas, Baseboard, Forced Air
Exterior/Building Features
Lot Size
0.93 Acres
Lot Features
0-29999
Sewer
City
School Information
School District
Warsaw Community
High School
Warsaw
Elementary School
Washington
Other Property Details
Area Name
Kosciusko County
Days on Market
161
Garage
No
View
No
Municipality
Wayne
Pool
No
Utilities
City
Zoning
Graves
Listing History
Date | Event | Price |
---|---|---|
8/23/2024 | Sold | $1,150,000 |
8/23/2024 | Price change | $1,145,000 19% |
8/15/2024 | Pending | — |
IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Lion Heart Realty Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Indiana Regional MLS. All rights reserved.
Data last updated 3:25 AM UTC, 2/21/2025