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422 S Union Street Warsaw, IN $ 960,000
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$ 960,000 Get more info
422 S Union Street
$ 960,000
Back to search
Share Save

422 S Union Street

Warsaw, IN, 46580
$ 960,000
Bedrooms20 Baths14.0 Sq 9,383

Monthly Estimate*

$ 6,706

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Multi-Family Home for sale in Warsaw, IN

for $960,000 with 20 bedrooms and 14 full baths. This 9,383 square foot home was built in 1875.

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.

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Multi-Family Active

Price

$ 960,000

Bedrooms

20

Full Bath

14

Property Type

Multi-Family

Taxes

$ 8,568

Style

Year Built

1875

Town/City

Warsaw

County/Region

Kosciusko

MLS | Web ID

202405089
Features
General
Heating Gas Baseboard Forced Air
Cooling None
Sewer City
# of Buildings 4
Status Active Cont-AccptngBackupOffers
Full Baths 14
Half Baths 0
Bathrooms 14
Year Built 1875
New Construction No
Tenant Pays Electric
Subdivision Graves
Style Two Story
Stories 2
Township Wayne
Class INVESTMENT
Type Other
Age 149
Net Income 180776.24
Rent Income 222659.04
Features Basement Off Street Parking
REO No
Area Kosciusko County
High School Warsaw
City Warsaw
School District Warsaw Community
Total Sq Ft 12188
Street Name Union
Elementary School Washington
Middle School Edgewood
Legal Description 4-40-198 LOT 19 & N 12' LOT 18 GRAVES ADD AND 004-040-198.B LOT 20 GRAVES ADD & PT VAC ALLEY AND 004-043-054 E 1/2 LOT 400 & 401 HOOD & BRITTON ADD AKA CITY OF WARSAW
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202405089
Agent First Name James
Agent Last Name Bausch
DOM 87
Tax Year 2024
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Interior
Basement Crawl Partial Basement Unfinished
Flooring Laminate
Beds 19
Total Number of Units 14
Microwaves 0
Refrigerators 13
Washers 1
Dryer(s) 1
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 19
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 12
W/D Hookups 1
Basement Material Block
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Exterior
Exterior Aluminum Brick Vinyl
Pool No
Number of Parking Spaces 25
Lot Size Area 40511
Lot Dimensions 83X198 77x198 66x132
Lot Description 0-2.9999
Water Meters 3
Electric Meters 12
Outbuilding None
Gas Meters 8
Waterfront Y/N No
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* Excluded Features
List By
James Bausch

Listing Agent

Re/Max Results- Warsaw

Broker

jamesbausch@gmail.com

Email

Affordability Calculator

$7,420
Per Month
90%
10%
0%
Monthly Principal & Interest
$6,706
Monthly Property Taxes
$714
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1236766 Elementary School
1236353 Middle School
Warsaw High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/19/2024$960,000 Listed Price

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422 S Union Street, Warsaw, IN, 46580 is a Multi-Family Home for sale at $960,000 with 9,383 sqft. 422 S Union Street has 20 bedrooms, 14.0 baths, and was built in 1875. The property's zip code is 46580 which is in Warsaw, IN

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