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(SOLD) $1,150,000

422 S Union Street Warsaw, IN  46580-4280

  • 19 Beds
  • 14 Baths
  • 9,383 sq. Ft

Property Description for 422 S Union Street Warsaw, IN 46580-4280

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.

Address:422 S Union Street Warsaw IN 46580-4280
Status:Sold
Sold On: 8/22/2024
Price:$1,145,000
Bedrooms:19 Beds
Bathrooms:14 Full Baths
Sq. Feet:9,383
Year Built:1875
Lot Size:0.93
County: Kosciusko County
Township: Wayne
School System : Warsaw Community
MLS #:202405089
Property Type:Other

Lot Dimensions:83X198, 77x198, 66x132
Directions:From Winona Ave head W, Turn Left onto Union St, Property is on the right
Total Sq. Ft. :9,383
Basement:Yes

Loan Price
$7,330
Price And Interest $5,999/month
Property Tax $852/month
MTG INS $0/month
HOME INS $479/month
Price
$1,150,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$852/month
Home Owner Insurance
$5,748 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
3rd Bedroom null x 3 Info Not Available
4th Bedroom 12 x 8 Info Not Available
5th Bedroom 13 x 12 Info Not Available

Semi-Annual Property Tax:$5,114
Tax Year:2024
Mandatory HOA Fee:$

City:Warsaw
Subdivision: Graves
Zip Code:46580-4280

School System:Warsaw Community
High School:Warsaw
Middle School:Edgewood
Elementary School:Washington

Total Sq. Ft.:9,383

Listing provided courtesy of James Bausch with RE/MAX Results- Warsaw

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.